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Moncrieff Business Center sells for $9.9 million

Moncrieff Business Center is located in Denver’s airport submarket.

Berkeley Partners sold a 101,406-square-foot industrial building that was part of a portfolio it acquired early this year after working with CBRE to bring the building to 100% occupancy.

Moncrieff Business Center, located at 14603 E. Moncrieff Place in Aurora, sold to Zurich Alternative Asset Management for $9.9 million, or $97.63 per sf. New York-based ZAAM is part of Zurich Insurance Group’s investment management organization.

Tyler Carner, Jeremy Ballenger, Jim Bolt and Jessica Ostermick of CBRE’s Denver office represented Berkeley Partners in the transaction.

Watch CREJ’s print edition and CREJ.com for more on this story.

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…