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Plaza 25 at Village Center sells to California group

Arapahoe County

Property Location: 8100-8300 E. Maplewood Ave., Plaza 25 at Village Center Station, Greenwood Village

Property Description: 196,803-sf, four-story office complex, YOC 1981

Land Size: 8.673 acres

Sales Price: $17.93M, or $91.08 psf

Reception No.: D9011288

Closing Date: 2/7/19

Grantor: CIO Plaza 25 LP James Farrar, CEO of City Office REIT Inc., Vancouver, British Columbia, Canada

Grantee: E. Maplewood Denver LLC, c/o Harbor Associates, Paul Miszkowicz, Joon Choi & Justin Loiacono, mgrs. Long Beach, CA 90802

Financing: $21M payable to BB&T Real Estate Funding*, due 3-1-2023

Comments: Lots 1 and 2, Commons South, Amendment No. 1, see file plat B9058635. See 2075-21-1-33-001 & 002. 8100 E. Maplewood has approximately 49,474 sf rentable area with 23,000 sf available, with quoted lease rates of $26 to $27 per sf, full service. 8200 E. Maplewood Ave. contains approximately 50,150 sf with nearly 50% vacant. 8300 E. Maplewood Ave contains 97,170 sf rentable area with approximately 45,000 sf available for lease, also at $26 to $27 per sf, full service. Listing brokers are Douglas Wulf, Dan Miller & Andrew McCabe of Cushman & Wakefield. The lobbies have been renovated recently, with showers and lockers at 8300 E. Maplewood. This property last sold in June 2014 for $25.1 million. * Lender is Grandbridge Real Estate Capital LLC in Charlotte, NC.

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 Colprop2012@gmail.com.