FOR IMMEDIATE RELEASE
Denver – March 11, 2026 – CBRE is pleased to announce that it facilitated the sale and financing of the St. Joseph Medical Pavilion, a 99,503-square-foot medical outpatient building (MOB) located at 1818 N. Ogden Street in Denver, Colorado.
Chris Bodnar, Brannan Knott and Cole Reethof of CBRE’s U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Healthcare Leasing team to act as the exclusive advisors to the seller, Fidelis Healthcare Partners. CBRE’s U.S Healthcare Debt & Structured Finance team led by Zack Holderman, Anthony Sardo and Jesse Greshin also secured the loan for the purchaser, Lincoln Property Company.
St. Joseph Medical Pavilion, a premier Class A+ medical outpatient facility, is located on-campus to the 400-bed St. Joseph Hospital, ranked #2 in Denver by U.S. News & World Report (2024–2025). The property is positioned in the only designated medical district in Downtown Denver, offering direct access to the region’s most concentrated healthcare ecosystem. The property is 82% leased and anchored by Intermountain Health (Moody’s: Aa1), which expanded its footprint in 2024 to add a new cancer center and offers comprehensive cardiac care supported by advanced imaging technology. The remaining tenants include strong local physician groups offering pediatrics, ENT, audiology and dentistry, enhancing referral synergies and patient convenience.
“The St. Joseph Medical Pavilion is one of the highest-quality medical buildings in the Denver metropolitan market,” said Chris Bodnar, Vice Chairman of CBRE’s U.S. Healthcare Capital Markets practice. “With the limited supply of new product in Denver and demand continuing to increase, the property is well-positioned to take advantage of the leasing tailwinds impacting this market.”
St. Joseph Medical Pavilion is located within the sought-after Denver MSA, which has been consistently circled as a target market by investors of healthcare assets. The property is situated in the Uptown Medical District, a highly sought-after submarket in Downtown Denver. Within a 3-mile radius, the population has grown 38% since 2010 and is forecasted to grow by 10.7% by 2030. Downtown Denver features a dense population of approximately 250,077 people within a 3-mile radius and an average household income of about $150,000 (29% higher than the national average). Healthcare spending per capita for Downtown Denver outpaces the national average by 1.5x. The dense population and its anticipated growth, combined with the population’s healthcare spending, will continue to drive demand for healthcare services in the area.
The purchaser, Lincoln Property Company, is one of the largest private real estate firms in the U.S., offering a comprehensive suite of services and innovative solutions for owners, investors, lenders and occupiers of commercial properties. For more information, please visit: www.lpc.com.
The seller, Fidelis Healthcare Partners, an affiliate of Fidelis, is a full-service healthcare real estate firm that operates at the intersection of healthcare and retail. Its primary focus is on the long-term development and ownership of hospital-sponsored or physician-owned medical real estate, both on campus and off. For more information, please visit: www.frpltd.com/fidelis-healthcare-partners.
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 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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:
Olivia Vallone
+1 847 691 9144
Olivia.Vallone@cbre.com
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