Kayne Anderson Real Estate and Remedy Medical Properties combined efforts to acquire three medical office buildings, two in one transaction, and one in the other. The deals include the 153,858-square-foot Highlands Ranch I & II and the 39,300-square-foot Mineral Medical Plaza.
Commercial Edge reports the venture purchased the Highland Ranch asset from Bancroft Capital for $41 million. Built in 2001 at 630 and 640 Plaza Drive, the two-story buildings were almost 90 percent leased at the time of sale.
The other facility, Mineral Medical Plaza, is in Littleton, Colo., and was built in 1999. The property underwent a $5.6 million renovation in 2020, including upgrades to lobbies and restrooms.
Broe Real Estate Group was the seller. The firm acquired it in October 2019 from WorldVenture.
Located at 1501 W Mineral Ave., the two-story facility is less than 15 miles from downtown Denver. Additionally, Mineral Medical Plaza is within 3 miles of Highlands Ranch I & II.
The post Kayne Anderson, Remedy Acquire 3 Denver-Area MOBs appeared first on Connect CRE.
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