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.

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Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of…