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Phoenix & Southwest   /   March 19, 2021

Lisa Brown
By: Lisa Brown

Location Plus Creative Space Equals Investor Interest

A location in a supply-constrained submarket along with desirable creative space were significant factors in a recent office transaction. A 127,297-square-foot office property located on 16.67 acres in Lakewood recently sold to Denver-based Flywheel Capital for an undisclosed price.

Tim Richey, Charley Will, Jenny Knowlton, Chad Flynn and Anthony DeLorenzo of CBRE capital markets institutional properties represented the seller, HighBrook Investors of New York. Brady O’Donnell, Jeff Halsey and Jill Haug with CBRE’s debt and structured finance group arranged the acquisition financing.

“This property attracted investor interest as it combined creative office space 100 percent leased to a long-term occupier with a location in one of Denver’s most supply-constrained submarkets. The buildings also offer exceptional amenities including the highest parking ratio of any existing class-A office asset in the market. Spanning 16 acres, there’s also potential to further develop the property in the future,” said Will.

Located north of Interstate 70 at 14023 and 14033 Denver West Pkwy., the property encompasses two three-story buildings connected by a first-floor walkway. The site is part of the larger Denver West Business Park.

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About the Author

Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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