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Phoenix & Southwest  + Denver + Southwest  + Industrial  |  January 18, 2022
1500 Champa
Lisa Brown
By: Lisa Brown

Recently Sold 1500 Champa is a Data Hub for the Rocky Mountain Region

1500 Champa Street, a three-story 138,000-square-foot building in Denver, recently sold to IPI Partners (IPI). The property functions as one of the most highly interconnected data centers in the Western United States.

The transaction was handled by Fred Mobley, Charles Borges and Andrew Gross of Matthews Real Estate Investment Services. Matthews represented the buyer, IPI Partners (IPI), which is focused on acquiring technology and connectivity real estate assets.

IPI purchased the data center with plans to further develop the center’s connectivity ecosystems and colocation capacity. Currently, the property can support approximately 10 megawatts of power and offers a robust Meet-Me-Room.

“Data centers are growing exponentially in size, capability and power, making for a secure and profitable investment,” says Gross.

The seller, Morgan Reed Group, had owned the property since 2006. Serving as one of two primary carrier-neutral telecommunications data centers in downtown Denver, 1500 Champa is a data hub for the Rocky Mountain region.

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Matthews Real Estate Investment Services

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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