DENVER (March 14, 2022) – Mortenson Development, Inc., in partnership with Seavest Healthcare Properties, LLC, today announced the completion of a new 43,732-square-foot Class A medical office building at the intersection of West 91st Place and Candelas Parkway in Arvada, Colorado. The facility, anchored by SCL Health, will serve the growing Candelas master-planned community.
The new two-story facility, designed by Davis Partnership Architects, broke ground in July 2020. Now officially open, the facility provides convenient access to primary care physicians in a high growth area of Arvada. Abby Waner Bartolotta, Vice President, Healthcare Real Estate for Jones Lang LaSalle (JLL) is the lead broker representing the owner for the project. SCL will occupy half of the building providing primary care services while the remaining portion is targeted to healthcare specialists.
“Healthcare delivery methods and consumer preferences are evolving rapidly, and access to quality care in our communities has never been more important,” said Taber Sweet, Director of Real Estate Development at Mortenson in Denver. “Despite all the challenges of the past year, our development and construction teams have managed to keep this vital project on track for delivery to the Candelas community. We’re proud to once again be working with SCL Health to bring a next-generation healthcare facility to Colorado.”
Since 2012, Mortenson has completed nearly 700,000 square feet of the healthcare space in Denver, including more than 40 projects with SCL Health. SCL Health provides coordinated care through eight hospitals and more than 150 physician clinics, home health, hospice, and mental health and safety-net programs primarily in Colorado and Montana.
The Candelas facility is the first project in which Mortenson acted as a developer/owner for the nonprofit healthcare organization. Mortenson was additionally responsible for site planning and design services for the development, including managing all entitlements and city approvals.
“We are pleased with the progress on our new Candelas facility and look forward to continuing to expand SCL Health’s network of care here in Colorado,” said Steve Chyung, Senior Vice President with SCL Health. “This facility is delivering safe, high-quality, effective care to every patient, every time.
Mortenson partnered with Seavest in a joint venture to develop the project. Seavest is a sector-specific investor focused on investing in medical office buildings and outpatient facilities of all types that are strategic to health systems. Seavest has been a recognized owner and manager of these critical assets for more than 30 years. “Working with Mortenson has been a seamless exercise,” says Kurt Hackett, Vice President of Seavest. “We appreciate the deep knowledge and strong execution capabilities of the Mortenson team.”
Mortenson is a U.S.-based, top-20 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Mortenson’s expanding portfolio of integrated services helps its customers move their strategies forward, ensuring their investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Founded in 1954, Mortenson has operations across the U.S. with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Salt Lake City, Seattle, and Washington, D.C. For additional information, visit mortenson.com.
About SCL Health
SCL Health is a faith-based, nonprofit healthcare organization dedicated to improving the health of the people and communities we serve, especially those who are poor and vulnerable. Founded by the Sisters of Charity of Leavenworth in 1864, the $2.8 billion health network provides comprehensive, coordinated care through eight hospitals, more than 150 physician clinics, and home health, hospice, mental health and safety-net services primarily in Colorado and Montana. SCL relentlessly focuses on delivering safe, high-quality, effective care to every patient, every time, everywhere. In 2019, SCL Health invested $255 million in community benefits — 9 cents of every dollar it earned — to support health improvement in our communities.
Seavest Healthcare Properties, LLC, an affiliate of Seavest Investment Group, LLC, focuses on investments in the medical office and outpatient facility sector. The firm acquires existing properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. Seavest made its first healthcare real estate investment in 1989 and today has a significant portfolio of institutional quality, strategic medical office buildings and outpatient facilities located throughout the United States. For more information, please visit seavesthcp.com.
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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.