U.S. real estate investment trust company RAIT Financial Trust has divested Union Medical Office Plaza, a medical office campus in Colorado Springs, Colorado.
RAIT Financial, which was represented by JLL Capital Markets on the deal, sold the 149,428-square-foot office property to U.S. real estate company MBRE Healthcare for $33.6 million.
Located at 1625, 1633, and 1644 Medical Center Point, the three-building asset, was constructed in 1992, 1995 and 1998.
The two-story buildings, which were 82 percent leased at the time of sale, are roughly 4 miles northeast of the city center in a premier medical corridor.