The Arrow Electronics World Headquarters building in Centennial changed hands for $40.1 million, or $312.06 per square foot, according to Arapahoe County records.
The buyer a Florida-based asset management company, Kawa Capital Management.
“Kawa is excited to announce the acquisition of the Arrow property,” said Dan Amer, director of investments at Kawa Capital Management. “The investment was completed through a fund that targets NNN assets leased to investment-grade-caliber tenants with long-term leases. The investment is well-aligned to offer our clients long-term growth and capital preservation, with strong cash-on-cash yields.”
The 128,500-square-foot building is located at 9201 E. Dry Creek Road.
The CBRE team of Mike Winn, Tim Richey, Charley Will, Chad Flynn and Jenny Knowlton handled the transaction. They declined to comment.