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INSIDE
by Jennifer Hayes
Adjacent marks the spot for the
last significant development parcel
at Sky Ridge Medical Center.
National Healthcare Development
will break ground in the second
quarter on Pinnacle at RidgeGate,
an 80,000-square-foot medical
office building to be constructed at
the entrance to Sky Ridge in Lone
Tree.
The site’s location, adjacent to
the hospital off Interstate 25 and
RidgeGate Parkway, offers a unique
opportunity for tenants, noted
Jecoah Byrnes, CEO of National
Healthcare Realty.
“This is going to be the ideal
building for medical practices that
want to expand or relocate to Lone
Tree and take advantage of a very
dynamic health care ecosystem,”
Byrnes said. “We are offering ten-
ants the ability to have a premier
campus-style location without all
of the usual restrictions and com-
plications they would typically
encounter in a hospital-owned
medical building.
“This is the last significant devel-
opment parcel around the Sky
Ridge Medical Center,” he contin-
ued. “Any future medical develop-
ment will have to take place across
the freeway to the east, as the area
immediately surrounding the hos-
pital is now either built or under
development.”
The “campus-adjacent” location
also is a plus to tenants as it allows
not only providers the convenience
of being just a few steps from the
campus but also allows tenants
much more flexibility in terms of
how they practice and how they
affiliate with the hospital, added
Byrnes.
“There is substantial interest
from medical practices that want
to be near the hospital but not nec-
essarily buried inside the campus
without signage and parking. We
also are offering physician invest-
ment, which is something that the
doctors can’t get by leasing space
on the hospital campus.”
“We will be easy to find at the
doorstep to the main hospital cam-
pus” said Rick Needham, president
of National Healthcare Develop-
ment. “Not only will we be the
most convenient option, but we are
creating a project that offers great
parking and really well-designed
floor plans to make the patient and
provider experiences exceptional.”
The three-story building offers
floor plates of approximately
26,600 sf – highly sought-after from
medical practices that are grow-
ing in size and, consequently, need
larger offices, said Byrnes, who is
handling preleasing of the project.
Currently, only a few suites
remain on each floor. Expected to
be complete in summer 2019, Pin-
nacle at RidgeGate’s first tenant
is Colorado Orthopaedics, which
signed a 10,000-sf lease at the
building. Additional tenant names
will be announced this spring and
will include tenants new to the
area as well as existing tenants
that are moving from the hospi-
tal campus or from older medical
offices nearby.
Lease rates for Pinnacle at Ridge-
Gate aren’t being disclosed, how-
ever, “The developer worked hard
to be able to offer competitive
lease rates in the area for tenants
who otherwise would be leasing
second- and third-generation space
as opposed to brand new Class
A medical office space,” added
Byrnes.
Boulder Associates is the project
architect. Fransen & Pittman is the
general contractor.
The development of Pinnacle at
RidgeGate helps meet the need for
MOB space in the market, National
Healthcare emphasized as the city
benefits from not only job creation
efforts that have spurred an already
The Pinnacle at RidgeGate will deliver “campus-adjacent” space to tenants seeking a campus-style location without being in a hospital-owned facility.