JLL completes sale of Colorado medical office complex
Three-building medical campus anchored by a national investment grade health provider
DENVER, CO, June 18, 2020 – JLL Capital Markets announced today that it has closed the sale of Union Medical Office Plaza, a 149,428-square-foot, three-building medical office campus in Colorado Springs, Colorado.
JLL represented the seller, and procured the buyer, MBRE Healthcare.
Union Medical Office Plaza consists of 1625, 1633 and 1644 Medical Center Point, which are 82% leased overall and anchored by a national investment grade health provider. The two-story buildings provide a wide array of medical services, including audiology, cardiology, dermatology, health management, an infusion clinic, neurology, ophthalmology, orthopedics, podiatry, radiology, a sleep center and urgent care, among others. Positioned in a premier medical corridor, Union Medical Office Plaza serves as a primary outpatient medical office campus in the greater Colorado Springs market.
The JLL Capital Markets team representing the seller was led by Managing Directors Andrew Milne and Larry Thiel, Director Matt DiCesare and Senior Managing Director Eric Tupler.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About MBRE Healthcare
MBRE Healthcare is a full-service healthcare real estate company providing development, acquisition, leasing, management and strategic consulting services across the United States. As one of the largest private owners of healthcare facilities in the country, with over 21 million square feet spanning 40 states, the company creates customized real estate solutions for some of the most discerning healthcare providers in the country. MBRE Healthcare works with hospitals, health systems and physician groups to drive down real estate costs, increase tenant satisfaction, improve the patient experience and expand into new markets. Headquartered in Chicago, the company has eight regional offices located in Atlanta, Columbus, Dallas, Denver, Indianapolis, Orlando, Phoenix and Washington, D.C. For more information visit mbrehealthcare.com.