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News Release: Denver-Based Healthcare Developer Closes Land Acquisition for New Medical Office Development

National Healthcare Realty, Inc. is pleased to announce the closing of a 4.85-acre parcel of land in the master planned community of RidgeGate, in Lone Tree, Colorado, adjacent to Sky Ridge Medical Center.  In conjunction with Northstar Commercial Partners, National Healthcare Development, Inc. will begin the construction of an 80,000 square foot class A medical office building in September 2018.

In addition to well established and synergistic medical tenants, the building will be anchored by Colorado Orthopaedics, a top-rated national orthopedic practice led by Dr. John Xenos, who was named Surgeon of the Year by Medtronic in 2017.

National Healthcare purchased the land from RidgeGate Investments in the highly successful community of RidgeGate in Lone Tree. In recent years, RidgeGate has secured large national corporate users for the area, most notably Charles Schwab.

With the continued growth and expansion of Lone Tree and Douglas County, medical practices from around the region are drawn to the area as the city benefits from population growth and job creation efforts that have spurred an already healthy medical environment.  Lone Tree, and Douglas County overall, offer some of the strongest demographics in the nation with over 80% of residents maintaining private health insurance coverage and accessing medical care in the community at least once annually.

“This is going to be the ideal building for healthcare providers that want to be in Lone Tree and take advantage of a very dynamic healthcare ecosystem next to one of the most profitable hospitals in Colorado” said Jecoah Byrnes, CEO of National Healthcare Realty.  “We are offering tenants the ability to have a premier campus-style location without all of the usual restrictions and complications they would typically encounter in a hospital-owned medical building”.

Plans call for the three-story medical office building, called the Pinnacle at RidgeGate, to be completed in the summer of 2019, with healthcare providers occupying the state-of-the-art facility shortly thereafter.  Coventry was represented in the transaction by Matt Smith of Vector Property Services, and National Healthcare Realty was self-represented.

About National Healthcare Realty & National Healthcare Development

National Healthcare Realty provides customized real estate solutions for healthcare providers and owners across the continuum of care.  Our service offering includes leasing, site selection, and acquisition & disposition services.  We create winning real estate strategies by leveraging strong industry resources and implementing unique healthcare market knowledge on behalf of our clients.  Through our affiliate company, National Healthcare Development, we provide fully integrated healthcare development services for healthcare providers.  We specialize in building different types of healthcare facilities including medical office buildings, medically integrated wellness centers, hospitals, senior housing facilities, and post-acute rehabilitation centers.  Find out more  www.nhrd.com or (303) 390-1055.

Tiffany Byrnes | VP Healthcare Real Estate Services

National Healthcare Realty, Inc.

T +1 303 390 1055 | C +1 949 527 1179

tiffany.byrnes@nhrd.com | www.nhrd.com


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