Broe Real Estate Nabs Colorado Office, Plans MOB Conversion

Broe Real Estate Group struck a deal with WorldVenture to acquire a 41,030-square-foot office building in Littleton, CO.

With the dust of closing settled, the Denver-based buyer’s plan is to convert the space at 1501 W. Mineral Ave. into a medical office building. The project is BREG’s fifth transaction supporting MOB repositioning projects during the past 12 months.

Jeff Wood and Monica Wiley with CBRE marketed the property and represented the seller, which had operated its headquarters at the site for close to 20 years.

Built in 1999 and situated on 4.7 acres, the two-story building in Douglas County offers a highly visible location. “The Mineral acquisition offers the opportunity to repurpose a high-quality asset into an institutional quality medical space that addresses the area’s continuing need for non-hospital medical services,” says BREG’s Doug Wells. “Our team is actively pursuing medical tenants to serve the community’s growing needs.”

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