UCHealth has acquired Greenwood Plaza, a two-building office complex located at 6550 and 6560 Greenwood Plaza Boulevard in Greenwood Village. According to reporting cited from the Denver Business Journal, the healthcare organization paid $19.3 million for the pair of properties.
The Greenwood Plaza portfolio consists of two multi-story office buildings totaling approximately 197,000 square feet. The campus is situated on more than 8 acres at the southeast corner of Greenwood Plaza Boulevard and South Fiddlers Green Circle, placing the assets within an established suburban office node.
The acquisition includes the three-story One Greenwood Plaza building and the five-story Two Greenwood Plaza building. Together, the two properties form a contiguous office environment that will allow UCHealth to bring multiple groups under one roof over time.
UCHealth indicated in an email that it plans to consolidate its administrative functions into the Greenwood Plaza buildings over the next two years. This occupancy strategy will shift a range of non-clinical operations into the newly acquired office campus, aligning corporate functions across a single location as the health system continues to grow its regional footprint.
The Greenwood Plaza campus has a long ownership history. The property last changed hands in 2005, when Franklin Street Properties Corp. acquired the buildings for $44 million. No additional details on interim ownership or recent tenancy were disclosed in the available information.
Separately from the Greenwood Village purchase, UCHealth is advancing a sizable development initiative elsewhere in the Denver metro area. The health system is developing a medical campus on a 110-acre site in Broomfield. That site had previously been slated to become the region’s second Ikea location before the current healthcare-focused plan moved forward.
Together, the Greenwood Plaza acquisition and the Broomfield campus development highlight UCHealth’s ongoing investment in both administrative and medical real estate within the broader Denver metropolitan area. The newly acquired office buildings will serve as an administrative hub, while the Broomfield project is positioned to expand the system’s clinical and medical services footprint on a large development site.
