NorthCare at St. Francis sells for $19.4 million

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An 85,000-square-foot medical office building at St. Francis Medical Center sold yesterday for $19.4 million.

The property, known as NorthCare, was bought by a national healthcare Real Estate Investment Trust based in Nashville, Tennessee.

Mike Heritage, Jim Zorman and Jerry Knauf of the London Commercial Real Estate Group in Colorado Springs represented the seller. Gary Hollenbeck of Palmer McAllister represented the buyer.

NorthCare is a four-story medical facility on over five acres of land connected to St. Francis Medical Center by a sky bridge. The building is currently over 95-percent leased.

The London Real Estate Group Property Management Division will continue to manage the property for the new owner.