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May 18, 2024
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Colorado Medical Office Building Gets New Owner


A Chicago-based institutional fund purchased Orchard Park Medical Center, a two-story, 75.6k sf medical office building in Westminster, CO, a suburb of Denver. The price was not disclosed.

Located at 14190 Orchard Pkwy, on the campus of CommonSpirit Health’s St Anthony North Hospital, Orchard Park Medical Center was built in 2022 and was 93% leased at the time of sale. The medical facility is anchored by a state-of-the-art ambulatory surgery center leased to one of the most dominant orthopedic groups in Colorado, Panorama Orthopedics and Spine Center in partnership with CommonSpirit Health and United Surgical Partners International.

The property includes four operating rooms, two procedure rooms, and four 72-hour recovery beds. In addition to surgery, other specialties at the property include imaging, spine, orthopedics, cardiovascular, sleep, and prosthetics.

Chris Bodnar, Brannan Knott, Cole Reethof, and Trent Jemmett of CBRE’s U.S. Healthcare Capital Markets team, along with Dann Burke and Stephani Gaskins of CBRE Denver's Healthcare Leasing team, represented the seller, North Denver MOB LLC, an entity led by a group of physicians and Development Solutions Group.

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