For Immediate Release
Fully leased multi-tenant MOB asset located in Lone Tree, sold in off-market transaction
DENVER, Colo. – October 13, 2022 – Cushman & Wakefield announced the firm has brokered the sale of Park Meadows Medical Center, a multi-tenant 34,685-square-foot medical office building with a surgery center in Lone Tree (Denver), Colorado. Located at 9218 Kimmer Dr, the three-story building was 100% leased at time of sale to a variety of medical users and practitioners.
The buyer was HR Assets, LLC, which acquired the property in an off-market transaction from Park Meadows Medical, LLC for $14.8 million.
William Lucas, Stuart Thomas and Doug Wulf with Cushman & Wakefield’s Denver office represented the seller in the transaction. Lucas and Thomas are also members of the firm’s Healthcare Advisory Group.
“This property is very well positioned in a desired professional area that is right off S Yosemite St near the Interstate 25 and E-470 interchange, with high traffic counts. The location is also surrounded by strong residential neighborhoods and an abundance of retail amenities,” said Managing Director William Lucas. “Medical space remains in high demand in the Denver Metro area, which made this asset all the more attractive for an investor.”
Lone Tree is located in the southern Denver Metro approximately 20 miles from downtown Denver. The city is located along the Light Rail at Lincoln Station (the last stop south).
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Media Contact:
Joshua Deale
Cushman & Wakefield
Communications Manager, West Region
+1 415 677 0423
joshua.deale@cushwake.com
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