JLL Capital Markets closed the sale of the UCHealth – Erie Nine Mile Medical Center in Erie, Colorado
News release
20 February 2023
Class A medical office building near Denver sells for $5.65M
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DENVER, Feb. 20, 2023 – JLL Capital Markets announced today that it has closed the $5.65 million sale of UCHealth – Erie Nine Mile Medical Center, an 8,000-square-foot Class A medical office building in Erie, Colorado.
JLL represented the seller, Evergreen Devco Inc., in the sale to an Arizona based private real estate company.
Located on 0.71 acres at 2970 Arapahoe Road, the newly built, single-tenant property is occupied by UCHealth, a not-for-profit healthcare system headquartered in Aurora, Colorado. The UCHealth is part of a larger 47-acre, mixed-use center currently being developed by Evergreen that includes 287 multifamily units, a new King Soopers and multiple retail pads and shops.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Directors Jason Schmidt and Larry Thiel.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Evergreen Devco Inc.
Founded in 1974, Evergreen specializes in retail, multifamily, industrial, and mixed-use developments, tenant rollouts, property management and asset management. Working throughout the nation, Evergreen has earned a reputation as an industry leader by delivering high quality real estate developments and services reliably, efficiently and cost effectively. The company has over 70 employees, with offices in Arizona, Colorado, California and Utah. Evergreen is currently engaged in the development of more than 60 retail, industrial, and apartment projects and has completed more than 600 projects. Visit evgre.com.