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News Release: Fidelis, SCL Saint Joseph complete construction of 98,000-s.f. mixed-use medical facility in Denver

FOR IMMEDIATE RELEASE

The new Saint Joseph Medical Office Pavilion on the hospital’s Uptown campus will offer expanded healthcare, retail and restaurant options and extensive amenities for tenants

About 28,000 vehicles per day pass the strategically located Saint Joseph Medical Office Pavilion at the intersection of 18th and Park Avenue West on the campus of Saint Joseph Hospital in Denver’s growing Uptown area.

DENVER and DALLAS, Oct. 28, 2020 Fidelis Healthcare Partners, Saint Joseph Hospital and its parent SCL Health have completed development of the 98,000-square-foot, mixed-use Saint Joseph Medical Office Pavilion on the campus of the 400-bed Saint Joseph Hospital in Denver.

The five-story pavilion includes three floors dedicated to Class A medical office space, plus 10,000 square feet of ground-level retail and restaurant space. The facility also features a 10,000-square-foot, all-glass “jewel box” on the fifth floor with a rooftop sky deck that includes two patios, a fire pit and scenic views of downtown Denver and the mountains. Also included are convenient ground-level, covered parking for physicians and an adjacent lot that offers free parking for patients, visitors and tenants.

Kevin O’Neil, President and CEO of Fidelis Healthcare Partners, a Dallas-based real estate development firm, says, “We are so proud to have completed this exciting project, which will provide SCL Health, Saint Joseph and other providers with much-needed medical space to accommodate the hospital’s growth. We believe the new pavilion will be a tremendous asset to the Uptown Medical District, as well as to local workers and residents who will enjoy improved healthcare, retail and restaurant amenities.”

He adds, “We congratulate the entire development team and Saint Joseph’s leadership, including Jamie Smith and Jason Gaines. You couldn’t find a better partner than Saint Joseph Hospital and SCL Health.”

Jameson “Jamie” Smith, President of Saint Joseph Hospital, says, “The whole team that Fidelis brought together for this project was just outstanding. This incredible building now represents the gateway to the Saint Joe’s campus from downtown Denver. The services housed in the building will add significantly to the overall Uptown Medical District. We are thrilled to be a part of making this long-term impact on healthcare in our community.”

Mark C. Allyn, Chief Investment Officer with Fidelis Healthcare Partners, says, “We faced a number of challenges in developing the pavilion, including increasing site security and health procedures because of the pandemic. Yet we completed the project on budget and only two weeks behind schedule.” Construction began in June 2019.

He continued, “Now we have delivered a beautifully designed facility with modern, efficient space and state-of-the-art mechanical systems including sustainable features of solar panels and a green roof. Our tenants are also receiving excellent value through competitive rental rates on a brand-new Class A building, as well as a number of building amenities.”

Mr. Allyn noted that the project team has received the final certificate of occupancy. To date, Fidelis has two signed leases for the medical office space and others are in process.

Saint Joseph Medical Office Pavilion is owned by Fidelis Healthcare Strategic Partners, a joint venture (JV) with a major state retirement fund advised by Bentall Kennedy, a leading investment management firm and a longtime partner in previous ventures with Mr. O’Neil and Mr. Allyn. The development team for the project also includes architect Boulder Associates, contractor Saunders Construction, healthcare broker CBRE, retail broker Legend Retail Group and Wellspring Consulting as construction manager. All of this team is based in Denver.

For information about medical office space, please contact Dann Burke of CBRE at dann.burke@cbre.com or 303-517-7787. For information about retail space, please contact Kelly Greene of Legend Retail Group at kgreene@legendllp.com or 720-527-2983.

About Fidelis Healthcare Partners

Fidelis Healthcare Partners is a full-service healthcare real estate firm focused on delivering relationship-based services to prominent hospital systems and physician groups across the country. Fidelis Healthcare Partners’ core business is the long-term ownership of hospital sponsored medical real estate both on campus and off. This ownership will occur either through the development or acquisition of real estate assets, whether individually or as a portfolio. The focus on relationships, equitable deal structures, and consistently outperforming expectations is the foundation of attaining long-term, loyal customers. This philosophy has consistently produced recurring assignments and strong relationships for the Fidelis Healthcare Partners leadership team at more than 20 of the 100 largest hospital systems in the nation over the past two decades.

The Fidelis Healthcare Partners team is led by two principal-level experts with extensive healthcare expertise and relationships. Their background in healthcare real estate includes medical acquisitions and development including construction, ownership, entitlements, capital market structure, and ongoing leasing and management.

For further information about Fidelis Healthcare Partners, please visit frpltd.com.

About Saint Joseph Hospital

Founded in Denver in 1873 by the Sisters of Charity Leavenworth, Saint Joseph Hospital was the first private hospital in Colorado. Today it is recognized as one of the top hospitals in the nation and the largest private teaching hospital in Denver. Specializing in a variety of areas including advanced heart care, pregnancy and childbirth and cancer treatment, Saint Joseph Hospital continues to offer the high-quality, affordable health care that has served Denver for more than 140 years. By working closely with top clinical partners, Kaiser Permanente and National Jewish Health, the leading respiratory hospital in the nation, Saint Joe’s is able to provide some of the best inpatient and outpatient care in Colorado. Saint Joseph Hospital is part of SCL Health which is a faith-based nonprofit healthcare organization dedicated to improving the health of the people and communities we serve, especially those who are poor and vulnerable. Our $2.6 billion health network provides comprehensive, coordinated care through 10 hospitals, more than 100 physician clinics, and home health, hospice, mental health and safety-net services primarily in Colorado and Montana. For more information, please visit www.sclhealth.org.

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Media Contact: Kevin O’Neil, Fidelis Healthcare Partners, 214-893-4189, koneil@frpltd.com

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