Done Deals: JLL completes sale of Colorado medical office complex

Thursday, June 18, 2020

JLL completes sale of Colorado medical office complex

Union Medical Office Plaza, a 149,428-square-foot, 82 percent leased, three-building medical office campus in Colorado Springs, CO

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.

Andrew Milne

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.

Larry Thiel

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.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Matt DiCesare

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.

Eric Tupler

Headquartered in Chicago, the company has eight regional offices located in Atlanta, Columbus, Dallas, Denver, Indianapolis, Orlando, Phoenix and Washington, D.C.