FOR IMMEDIATE RELEASE
CBRE secures second lease at newly delivered building on Saint Joseph Hospital campus
DENVER – Dec. 2, 2020 – CBRE announced that Peak ENT has leased 4,738 square feet at Saint Joseph Medical Office Pavilion, a new 99,000-square-foot medical facility just completed by Fidelis Healthcare Partners at 1818 Ogden Street in Denver, Colo. CBRE’s Dann Burke and Stephani Gaskins represented the developer, Fidelis Healthcare Partners from Dallas, Texas.
“We are excited to welcome our second tenant, Peak ENT, a well-established Denver practice in an important specialty. We are working on leases that will bring our medical office occupancy up to approximately 45 percent. In a COVID-19 environment, we believe this is a strong testimonial to Saint Joseph’s great campus, location, and leadership team along with a building that provides a truly unique offering in the market,” said Kevin O’Neil, President, Fidelis Healthcare Partners.
Peak ENT is the second tenant to pre-lease space in the building after Children’s Medical Center committed to the project in August. Peak ENT provides comprehensive ear, nose, throat, head and neck treatments with sub-specialties in voice, sinus conditions, and hearing. The practice currently operates out of three Colorado locations in Broomfield, Brighton and Golden.
“We are thrilled to partner with Peak ENT and their comprehensive care team, as their reputation in the market is outstanding. Their clinical offerings and services are needed in central Denver, and we know our primary care community, and patients alike, will value their presence. We are proud to welcome Peak ENT to the Saint Joseph family,” added Jason Gaines, Vice President of Strategy and Development, Saint Joseph Hospital.
Located on the corner of 18th Avenue and Ogden Street, Saint Joseph Medical Office Pavilion comprises three floors dedicated to Class A medical office space as well as 10,000 square feet of street-level retail. The building also includes a fifth-floor rooftop deck with two patios, a fire pit and a 10,000-square-foot “jewel box” available for medical office use as well with scenic views of downtown Denver and the mountains. Free covered physician parking is located on the ground level of the building, and free parking is also available for visitors, patients and employees on an adjacent lot.
“COVID-19 has forced all medical office users to reconsider the functionality of their space. The Saint Joseph Medical Office Pavilion is delivering at the ideal moment for providers to take advantage of the latest in modernized medical real estate,” stated Dann Burke, First Vice President, CBRE.
Approximately 50,000 square feet of medical office space remains available for lease at the facility, with the flexibility to suit a variety of practice sizes.
CBRE will provide project management services for the build-out, run by Tony Diganci and Carl Holmes, and serves as the property manager with a team led by Kate Colson-Abel. The pavilion is the first new building on the Saint Joseph campus since the opening of the $650 million hospital four years ago.
Metro Denver’s medical office building market totals 10.8 million square feet, according to CBRE research. The largest submarkets for medical office space are the Southeast (2.4 million square feet), Capitol Hill (1.1 million square feet) home to the Saint Joseph campus, and South Colorado/Midtown (1.1 million square feet).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Contact:
Sara Johnston
+1 303 264 1912
sara.johnston@cbre.com
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