NexGen acquired the EastRidge Medical office building, a lender owned 23,119 square foot medical property located in Highlands Ranch, CO through the on-line auction platform Ten-X. This acquisition presented a rare opportunity to purchase a medical office building with stable, long term tenancy and below market rental rates in the coveted Highlands Ranch community. Built in 2005, NexGen purchased well below replacement cost, with only 10% of the building being vacant. NexGen is welcoming the Oakwell Beer Spa as it newest tenant in early 2025, which will serve as a differentiated entertainment offering for the South Denver metropolitan area.