Lab on Platte sells to institutional buyer for $579 per square foot
The Lab on Platte, a 78,575-square-foot office building anchored by WeWork, sold to an institutional investor for $45.5 million, or $579 per sf, Denver County records show. Soma Capital Partners and CenterSquare Investment Management sold the building in a deal handled by Newmark Knight Frank Vice Chairman John Jugl Jr. and Associate Paul Donahue. The…
Kris Oppermann Stern
November 24, 2018Brinkman buys Preston Center office building for $9.6 million
A Fort Collins investor seized the chance to buy a Class A office building on the Harmony Road corridor for $9.6 million. Brinkman Capital bought Preston Center, a 57,287-square-foot building at 2809 E. Harmony Road in Fort Collins, from an affiliate of LNR Partners LLC. The price per sf was $157.58. “This was an opportunity…
Kris Oppermann Stern
November 18, 2018JLL unveils new offices in downtown Denver
With a goal of continuing to recruit and retain top talent, JLL completely remodeled its offices on the 19thfloor of Seventeenth Street Plaza in downtown Denver, unveiling the new look at a Nov. 8 open house. The sophisticated design for the reception and conference area takes advantage of the floor’s best views, and Colorado activities…
Kris Oppermann Stern
November 12, 2018Single-tenant Centennial office building sells for $7.72 million
An office building leased to a government agency sold to a 1031 exchange buyer for $7.72 million, or $279.31 per square foot. The 27,638-sf building at 13356 E. Briarwood Ave. in Centennial was built in 2017 for the Arapahoe County branch of the Office of the Colorado Public Defender. It is located off the intersection…
Kris Oppermann Stern
November 8, 2018Optiv Opts for Comfort in 1144 Fifteenth Street
The comforts of home don’t always translate to the office, although Denver-based cybersecurity company Optiv is enticing its locally based remote workers back to the office with a brand-new, state-of-the-art, 75,000-square-foot headquarters. The new location includes many of the comforts of home.
Building Dialogue
November 4, 2018Lincoln Property buys Denver Financial Center I & II for $95.2M
Lincoln Property Co. acquired Denver Financial Center I and II for $95.2 million on behalf of a public pension fund client. Located in the Uptown neighborhood, the 13- and 34-story office towers at 1775 Sherman St. and 1776 Lincoln St. comprise 435,672 square feet. They are just under 88 percent leased to SM Energy, PDC…
Kris Oppermann Stern
November 4, 2018Invesco Real Estate buys Union Tower West
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
November 2, 2018Denver office absorption ranks third among top 50 office markets
The Denver metro area has climbed to third in the country for net absorption of office space, behind only the gateway cities of San Francisco and Midtown Manhattan, New York. “This city is gobbling up office space with the likes of New York and San Francisco, and you offer higher returns,” Kevin Thorpe, Cushman &…
Kris Oppermann Stern
November 1, 2018Investors cash in on Aurora buildings within 1 square mile
Arapahoe County 1) Property Location: 15290 E. Sixth Ave., Aurora, “Chambers Office Centre” Property Description: 19,340-sf, two-story office building, YOC 1981, fluted block construction Land Size: 1.87 acres Sales Price: $1.43M, or $73.68 psf Reception No.: D8097772 Closing Date:10/1 Grantor: Chambers Center LLC (Daniel L. Rosenfield, VP) Grantee: Chambers Office Centre LLC (Kenneth M. Good Jr.,…
John Winslow
October 29, 2018South suburban Denver office complex sells for $85.2 million
Arapahoe County Property Location: 6200 S. Quebec St., Greenwood Village Property Description: Four-story, 330,514-sf suburban office building, YOC 1983, renovated in 2016, concrete panel & masonry construction Land Size: 26.077 acres Sales Price: $85.2M, or $257.78 psf Reception No.: D8098079 Closing Date: 10-2 Grantor: CSHV Denver Tech Center LLC, c/o California Teachers (Scott Chan) Grantee: 6200 S.…
John Winslow
October 25, 2018