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NKF Handles $60M Denver Campus Deal

CirclePoint Corporate Center, a trophy office campus totaling 275,599 square feet near Denver in Westminster, CO, traded hands for $59.75 million. The two contemporary, Class A buildings were divested by Washington, DC-based Northridge Capital, LLC to City Office REIT.

NKF Capital Markets’ John Jugl, Jr. and Paul Donahue marketed the property on behalf of the seller. NKF’s David Milestone handled the debt placement for the sale.

Located along the Denver-Boulder US36 Corridor at 11030 and 11080 Circle Point Rd., “CirclePoint Corporate Center is one of the most attractive office campuses in Northwest Denver, and offers amazing views from its 4- and 5-story perspective,” commented Jugl, Jr.

After an influx of leasing velocity over the last 12 months, CirclePoint is currently 93% leased, with more than seven years of weighted average lease term across both buildings – a formula very attractive to a new owner.”

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Connect With City Office REITConnect With Northridge Capital, LLCConnect With NKF Capital Markets’ Jugl, Jr.

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition