Denver-Area Parker Medical School Campus Sells For $48 Million
An osteopathic medical school campus in Parker has sold for $48.35 million.
However, the school, Rocky Vista University is staying put.
The school sold its campus to W. P. Carey & Co., a New York-based real estate investment trust. Rocky Vista University also has executed a lease with W. P. Carey in order to remain on site.
In addition to its Denver area campus, Rocky Vista University has a campus in Ivins, Utah outside of St. George, and the school just completed a new 138,000-square-foot campus on 12.8 acres in Billings, Montana.
The Parker building is 145,000 square feet, and houses multiple labs as well as a primary care facility, according to RVU’s website.
The Denver Business Journal reports the school, founded in 2006, is a for-profit university designed for students going into the medical field.
In other parts of Parker, a new $275 million development project is taking shape along downtown that will bring in new retail, office and residential uses.
Source: connectcre
