New York investor lassos office building in Glendale for $40.5 million

Arapahoe County

Property Location: 4500 Cherry Creek Drive South, Glendale

Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction

Land Size: 5.367 acres

Sales Price: $40.5M, or $169.87 psf

Reception No.: D8011419

Closing Date: 1/29

Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr.

Grantee: G&I IX MJW Cherry Creek LLC c/o DRA Advisors, Dan Goldman, 212-697-4740) NYC, NY 10017

Comments: Lease rates range from $26.50 to $28.50 full service. See APN: 1973-18-3-14-001.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or