A partnership of Chicago-based Remedy Medical Properties and Kayne Anderson Real Estate has completed the UCHealth Green Valley Ranch Medical Center in the northeast Denver neighborhood of Gateway-Green Valley Ranch, a master-planned community just minutes from Denver International Airport.

Located at 5589 N. Argonne St., the new one-story, 12,170-square-foot medical office building will house urgent care, primary care, imaging and physical therapy. In addition to Remedy, the other project members were Davis Partnership Architects, civil engineer Kimley-Horn and general contractor Howell Construction.

“As UCHealth neared lease expiration on their older facility in the submarket, the health system turned to Remedy to secure a new location for its urgent care and outpatient services that would better position them to cater to this diverse and growing community,” said Jim Moylan, executive vice president and managing director of design and construction with Remedy.

Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate today announced the acquisition of the Atrium Medical Center Medical Outpatient Building. CBRE brokered the transaction.

The five-story, 103,175-square-foot medical office building, located at 200 Medical Center Dr. in Middletown, Ohio, was built in 2007 and is attached to and directly integrated with the Atrium Medical Center, a 328-bed hospital. It is 85% occupied, anchored by the medical center, which currently leases 70% of the building, as well as three other tenants.

“This was an attractive opportunity to secure a highly visible medical office building directly linked with the dominant acute care hospital in its region,” said Joe Magliochetti, chief investment officer for Remedy. “In addition, the acquisition allows us to further strengthen our existing relationship with Premier Health. The system occupies 170,100 square feet in six additional Remedy-owned buildings, including the award-winning freestanding emergency department we developed for them in Beavercreek, Ohio.”

Remedy Medical Properties and Kayne Anderson Real Estate today announced the acquisition of the Bozeman Health Cottonwood Clinic + Surgery Center from a joint venture between United Surgical Partners International (USPI) and Bozeman Health.

JLL served as the broker for the transaction. The three-story, 58,872-square-foot medical office building and ambulatory surgery center, located at 875 S. Cottonwood Rd., was built in 2021 and sits on 5.02 acres. It is 100% occupied by three tenants: the West Bozeman Surgery Center, Deaconess Intercity Imaging Center and Bozeman Deaconess Health Services.

“This transaction was a great opportunity to work with USPI, with whom we have a long-standing relationship, and with Bozeman Health for the first time,” said Joe Magliochetti, chief investment officer for Remedy. “USPI and Bozeman Health are strong health systems, and we look forward to growing our relationships with both in the future.”

Bozeman Health Cottonwood Clinic + Surgery Center was part of a portfolio of six USPI properties totaling 195,466 square feet acquired by Remedy over several months.

Chicago-based healthcare real estate developer Remedy Medical Properties, Kayne Anderson Real Estate and UCHealth recently broke ground on two new medical office buildings in the Denver area.

In addition to Remedy, the other members of the project team are Davis Partnership Architects, civil engineer Kimley-Horn and general contractor Howell Construction.

“Remedy Medical Properties is pleased to partner with UCHealth on these important new facilities that will greatly expand vital healthcare services in two of metro Denver’s fastest growing communities,” said Remedy Founder Peter Westmeyer.

The two new properties include the Highlands Ranch Pavilion 2, a four-story, 119,000-square-foot medical office building situated to provide maximum flexibility for future expansion, including multiple levels that align with the main hospital.

The second facility, an approximately 12,000-square-foot medical office building, is located at 5589 N. Argonne Street in the northeast Denver neighborhood of Gateway-Green Valley Ranch, a master-planned community just minutes from Denver International Airport.

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