CREJ

January 2020 — Health Care Properties Quarterly — Page 3 www.crej.com Health Care News H ealthcare Trust of America recently purchased the Rampart Medical Campus in Denver in a $18.85 mil- lion transaction. The two World War II-era build- ings at 125 and 130 Rampart Way comprise 69,280 square feet. They were 92% leased to Colorado Aller- gy & Asthma, Denver Nephrology and others. Chris Bodnar of CBRE’s U.S. Healthcare Capital Markets group listed the property with CBRE’s Lee Asher and Ryan Lindsley. HTA acquired Rampart Medical Campus from a local partnership – managed by Dennis, Mike and Denny Coughlin of Denver-based Coughlin & Co. – at $272.08 per sf, well below the roughly $400-per-sf replacement cost. Completed in February 1942, just weeks after the United States entered World War II, the build- ings housed a military armament school and photo school. In 2000, six years after Lowry Air Force Base was decommissioned, the Cough- lins bought them for $1.16 million. The deal also included a 22,000-sf, column-free hangar the partner- ship still owns. Coughlin & Co. completely rehabbed the buildings. Bryan Construction to build Boldt medical office building Bryan Construction recently was awarded a $10 million contract by Boldt to build a new three-story, 69,324-square-foot medical office building on the St. Francis Medi- cal Center campus in Colorado Springs. The building will house several new tenants that operate in the Centura Healthcare system and features a covered parking level with shared access to the hospital parking structure. The project is the third medical office building project that Bryan Construction has built in partner- ship with RTA Architects for Boldt. The project is anticipated to be complete by the third quarter. Woodlands Exchange MOB sells for $1.53 million Woodlands Exchange, a 13,350-square-foot medical office building in Woodland Park, recently sold for $1.53 million to 240 Wilcox LLC. VIG Woodland LLC sold the build- ing located at 509 S. Scott Ave. Woodlands Exchange is located in Teller County, within the Colorado HTA acquires Rampart Medical Campus for $18.85M gejohnson.com Leading and building projects with the best people and ideas St. Francis Medical Center Expansion Colorado Springs, CO The two-building Rampart Medical Campus comprises 69,280 square feet. Bryan Construction was awarded a $10 million contract to build a three-story medical office building on the St. Francis Medical Center campus.