HEALTHCARE REALTY TRUST, LADCO TEAMING TO DEVELOP 200,000 S.F. PROJECT
By John Mugford
After a change of developers, a two-building medical office complex is once again on track at the site of the future St. Anthony Medical Campus in Lakewood, Colo.
Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) and West Des Moines, Iowa-based Ladco Development Inc. have signed an agreement to co-develop the $55 million to $60 million medical office building (MOB) project and structured parking facility in the suburb southwest of Denver.
Healthcare Realty Trust, a publicly traded healthcare real estate investment trust (REIT), said in a filing with the U.S. Securities and Exchange Commission (SEC) that it plans to invest $55 million in the project.
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