Broe Real Estate Group is continuing its momentum in the medical office arena with the acquisition of a 41,030-square-foot office building on 4.66 acres in Littleton.
Broe plans to repurpose the office building at 1501 W. Mineral Ave. as medical office space to fill a growing need for medical services in Douglas County. Douglas County’s 19.4% growth since 2010 has outpaced every other metro Denver county, creating increased demand for medical services, the company said.
“The mineral acquisition offers the opportunity to repurpose a high-quality asset into an institutional-quality medical space that addresses the area’s continuing need for nonhospital medical services,” said BREG CEO Doug Wells. “Our team is activity pursuing medical tenants to serve the community’s growing needs.”
An affiliate of WorldVenture, which had its headquarters in the building for nearly 20 years, sold the property for $4.7 million, according to Arapahoe County records.
CBRE’s Jeffrey Wood and Monica Wiley were the listing brokers.
