Seavest acquires medical office building on Littleton Adventist Hospital Campus

LITTLETON, Colo., and WHITE PLAINS, N.Y., Feb. 14, 2018 – Real estate investment firm Seavest Healthcare Properties LLC, in partnership with Denver-based Fleisher Smyth Brokaw LLC, has acquired the Lincoln Court Healthcare Building in Littleton. The fully leased medical office building (MOB) is located at 7889 S. Lincoln Court on the campus of the 231-bed acute care Littleton Adventist Hospital. The transaction closed Oct. 29, 2017.

The two-story, 18,417 square foot MOB is occupied primarily by long-standing dental practices and related service providers.  Additionally, Littleton Adventist Hospital has leased the remaining vacant space in the building.

“This transaction allows us to expand our footprint on the Littleton Adventist Hospital campus and build upon our long and productive relationship with Centura Health,” says Lloyd Mallah, Seavest Vice President of Asset Management and Acquisitions. “It is a strategic asset that allows us to better meet the needs of the hospital.”

The hospital and MOB are located about 15 miles south of Denver in a demographically strong and rapidly growing suburb. With this recent acquisition Seavest owns 111,653 square feet of medical office space on the Littleton Adventist Hospital campus.

Seavest previously acquired, in December 2011, the Arapahoe Medical Plaza I & II MOBs, also located on the hospital campus.  Desirable on-campus medical office space is available at the Arapahoe Medical Plaza I & II buildings. For leasing information, please contact Michelle Brokaw of Fleisher Smyth Brokaw at 303-308-9660.

 

About Seavest Healthcare Properties LLC

Seavest Healthcare Properties LLC is a sector-focused, real estate investment management firm that forms joint ventures with established developers to build new properties and acquires existing medical office buildings, outpatient facilities and similar healthcare real estate assets. A pioneer in this sector, Seavest made its first healthcare real estate investment in the mid-1980s. Today, the firm has a significant portfolio of medical office and outpatient properties which are held in long-term healthcare real estate investment funds. For more information, please visit www.SeavestHCP.com or call (914) 683-8474.

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