Centennial, CO. January 9, 2020– Recentric is pleased to announce the purchase of the Village Plaza at 5657 S. Himalaya in Centennial. Built in 2000, this 31,000 SF building has a unique tenant mix of 75% medical and 25% retail.
According to Recentric’s Managing Partner, Darren Nakos, “We believe this property fits in well with our strategy of acquiring, adding value and managing healthcare facilities. We intend to hold the property for several years and work closely with the tenants to ensure a great experience for them and their patients”. Nakos also added that the building will be re-branded to Saddle Rock Medical Center.
Of particular interest with this acquisition is the fact that it was an off-market deal. “We had the unique opportunity to put this purchase together before it hit the market. That meant that we had to move quickly to mobilize our investors and get it closed. Thankfully, we have a solid group of investors that know our track record and were happy to participate”, explained Nakos.
Recentric is a Denver-Based, regional commercial healthcare real estate investment firm. The firm’s strategy is one of value-add and long-term hold for both new acquisitions and development.