A real estate investment trust paid $4.15 million, or $242.92 per square foot, for a multitenant office/medical office building next to St. Anthony Hospital in Lakewood.
HR Assets LLC, an affiliate of Healthcare Realty Trust Inc., purchased the 17,084-sf building at 198 Union Blvd. from 198 Union LLC. Healthcare Realty has been active in the vicinity, developing three on-campus medical office buildings and acquiring three others.
Paul Roberts
The two-story building at 198 Union was 100 percent leased at the time of the sale to medical and professional tenants, most of which are on long-term leases, according to Paul Roberts of Fuller Real Estate, who represented the seller with Fuller’s Mark Fouts. Stuart Thomas of Cushman & Wakefield represented the buyer.
The building is across the street from the Federal Center light-rail station and just off West Sixth Avenue. It offers mountain and city views, and also is close to numerous restaurants along the Union Boulevard corridor.
