Insurance brokerage CCIG has acquired an office building in Inverness Business Park in Englewood for its new headquarters.
CCIG bought 155 Inverness Drive West, an approximately 44,500-square-foot building, for $8.5 million and will undertake an extensive renovation starting early next year. The company’s current headquarters are located in approximately 22,000 sf in Greenwood Village.
CCIG is one of Colorado’s largest independent commercial and personal lines insurance brokerages. The new headquarters will accommodate the firm’s continued growth and allow it to better serve its clientele and the community, the company said.
CCIG plans to make a number of improvements to the property so that it provides an “efficient and exceptional environment” for its staff, with an open and welcoming feeling with lots of glass, CEO Brook Mahoney said.
“We’re going to make it a truly quality workplace with renovations throughout as well as to the exterior to make it attractive to the public,” he said.
Improvements to the three-story building, built in 1995, will include new conference rooms, kitchens and break rooms. The projected move in date is fall 2019. Close to 100 employees will work in the building, which occupies a 3.58-acre site.
AllHealth Network, formerly Arapahoe Mental Health Center, sold 155 Inverness. It will continue to occupy the building through March 2019. At that point, it will move out of the top two floors and occupy the first floor on a three-year lease.
The building is a “perfect fit” for CCIG, which will have building signage on Interstate 25, and accessibility to the freeway and Dry Creek light-rail station, said Rise Commercial Real Estate Advisors Principal Bill Woodward.
“It’s wonderful real estate. It’s right on the freeway, and it’s a perfect fit size wise for them,” said Woodward, who represented CCIG in the transaction.
“There will be a substantial renovation of the building inside and out, and it will be a great place for them to grow. The building should work for them for a long time.”
