Colorado Real Estate Journal - January 21, 2015
Healthcare Trust of America Inc. recently purchased the Lone Tree Medical Plaza for $24.25 million, or more than $344 per square foot, according to public records. The three-story medical office building, located at 9695 S. Yosemite Drive in Lone Tree, comprises 70,470 sf. Constructed in 2007, the building features covered parking, covered patient drop off, gurney-sized elevators, anti-vibration floors, column-free spaces and redundant HVAC. It also is near Sky Ridge Medical Center, Interstate 25 and C-470, the Lincoln light-rail station and Park Meadows.
The Class A building is leased to a variety of physician groups and was reportedly around 95 percent occupied at the time of sale. Lone Tree Medical Plaza LLC sold the building. “The interest was very high from multiple groups,” noted Michael Bennett of HFF’s Chicago office, who listed the property with HFF’s Mary Sullivan and Josh Simon and Jan Friedlander of Friedlander Commercial Real Estate LLC. Friedlander also was an investor in building and the leasing agent for the building. The publicly traded real estate investment trust declined to comment on the acquisition, noting only in a press release regarding investments in core medical office buildings in 2014 that it acquired two assets in Douglas County, one mile from its Lincoln Medical Center.