CREJ

October 2018 — Health Care Properties Quarterly — Page 5 www.crej.com Health Care News to nine tenants, five of which have occupied space in the building for more than 10 years. The property was sold on the Ten-X auction platform and involved over 150 signed confidentiality agreements resulting in 12 regis- tered bidders. “It's rare that a bank-owned medi- cal office building comes on the market, much less in Highlands Ranch where there are only 11 medi- cal buildings total, so this asset gen- erated a substantial amount of inter- est among investors. The property’s tenancy, location and accessibility are all incredibly strong, and we believe NexGen is an excellent buyer for this asset,” said Cohen. “NexGen Properties wanted to take advantage of the rare opportunity to acquire a well-constructed medical office building with a strong ten- ant mix in the supply-constrained Highlands Ranch submarket below replacement cost,” said Matt Bern- stein, director of acquisitions and asset management at NexGen. “We were not only attracted to the EastRidge Medical Office Building’s prime location, but we also think there is a real opportunity to add value to the building by improv- ing its position in the marketplace and potentially monetizing the unfinished space in the lower level. NexGen Properties looks forward to bringing long-term stability to the asset.” NexGen Properties partnered with Dunton Commercial to provide prop- erty management services for the building. With the acquisition of the EastRidge Medical Office Building, NexGen Properties owns 225,322 sf of office, industrial and retail space primarily in Colorado. Partnership celebrates opening of expanded NICU at St. Francis RTA Architects, in partnership with GE Johnson Construction Co. and Penrose-St. Francis Health Ser- vices, celebrated the opening of the expanded Level III Neonatal Inten- sive Care Unit at St. Francis Medical Center in Colorado Springs. It is the first phase of a multiphase 168,000-square-foot, $102 million expansion that also includes a new emergency department, new operat- ing rooms, antepartum rooms and shell space for future growth. Level III NICUs provide the highest level of care for premature or criti- cally ill babies with a clinical team comprised of a wide variety of high- ly specialized staff. The new NICU at St. Francis Medical Center is based on the Family Integrated Care model and includes: • Increased capacity from 30 beds to 46 beds. Single patient rooms have been zoned for staff, infant and family. Sliding glass doors provide visibility for staff with a privacy cur- tain for family bonding. The design emphasizes room flexibility to allow maximum medical gas to accommo- date all patient acuity levels. Rooms also feature a family sleeping zone with privacy partitions and full rest- rooms. • Two state-of-the-art couplet care rooms where mothers and babies are kept together in the same room and are cared for by the same nurs- ing team, receiving round-the-clock care. This promotes mother-baby bonding, and St. Francis Medical Center’s NICU is the only one in Colorado, and only the fourth in the nation, with couplet care rooms. • Advanced room lighting to sup- port and stimulate babies’ circadian rhythms to promote growth and speed release to home. • Increased space to care for multi- ples (twins, triplets, etc.) in the same room, easing family visits. • A NICU family lounge to allow families to connect with and support each other and to provide a sense of community. • A breast milk lab room with a dedicated nutritionist on staff. • A family predischarge room that closely models the experience of home with the safety net of nurs- ing staff right outside the door to support parents preparing to transi- tion from the hospital back to their homes. Years of research and collabora- tion with the owner are reflected in the interior design of the new NICU. Biomimicry and local artwork are featured throughout the space. Skylights provide daylighting in the wellness garden and reception area, according to RTA. The wellness gar- den provides a place of respite with seating areas and unique whimsical art pieces. The garden leads to a sky lobby, an outdoor patio with moun- tain views for staff and families. Both the wellness garden and the sky lobby provide additional spaces for families to connect. The project was executed using the integrated project delivery meth- od with a multiparty agreement. A true IPD project contractually requires all parties – including the architect, owner, general contractor, subcontractors, design consultants and suppliers – to solve problems together throughout the life of the project. The parties share respon- sibility, both risk and reward, with contracts dictating how partners will jointly address cost overruns regard- less of which party was responsible for them as well as how financial incentives will be distributed if effi- ciencies are achieved that result in lower costs or shorter schedules. The St. Francis Medical Center expansion is one of the few true IPD projects in the state of Colorado. “This was the first time our office utilized the integrated proj- ect delivery method. As part of this approach the owner and the design team utilized Lean Design principles, including co-location and cloud-based file sharing for real-time documentation, which enhanced our ability to meet the project objectives,” said John Hoel- scher, AIA, principal-in-charge of the project. “The close collaboration and integration of the owner, user groups, the contractor/trade part- ners and our design team provided St. Francis Medical Center with an innovative operational model while still controlling costs and schedule.” The next phases of the expan- sion will increase the number of beds in the emergency department from 23 to 48, remodel the exist- ing NICU and boost the number of operating rooms from six to 10. The project will provide additional park- ing, larger staff support areas, larger single-patient rooms with direct access to light and views, and shell space for future expansion. Future phases will be completed in early 2019. Dry Creek ASC in Englewood sells to investor for $4 million A confidential investor paid $4 mil- lion for the Dry Creek Ambulatory Surgery Center in Englewood. An institutional owner, represent- ed by CBRE’s Dann Burke and Naum Nasif, sold the 20,046-square-foot building at 135 Inverness Drive East. The buyer will continue to operate the property as a neighborhood sur- gery center. “While sometimes buildings designed for very specific uses can The wellness garden at St. Francis was designed to provide a place of respite with seating areas and unique whimsical art pieces. The Dry Creek Ambulatory Surgery Center will continue to operate as a neighborhood surgery center.