US 36 Corridor Continues to Attract Strong Demand from Investors
105 Edgeview, a 186,231-square-foot class-A office asset in the Interlocken Advanced Technology Environment in Broomfield, CO, recently sold for $59.1 million. The buyer was undisclosed.
105 Edgeview is 100 percent leased to eight tenants and anchored by Gogo Inc., a global aero-communications service provider which will establish aviation’s first and only 5G air-to-ground network in 2022.
Newmark’s John Jugl and John Gustafson represented the seller, Invesco Real Estate.
“The US 36 Corridor continues to see strong demand from investors. This dynamic translated to a competitive process with offers from REITs, institutional capital, private equity, and domestic and international family offices,” said Jugl.
Completed in 2012, the building is one of the newer buildings in Northwest Denver and certified as LEED Platinum. It is in the Denver-Boulder corridor with high visibility from US-36.
“The strength of the US 36 Corridor is driven by the evolving demographics and growing population which has led to the addition of new schools, recreation centers, restaurants and other amenities. Combined with proximity to Boulder and Denver, US 36 Corridor companies have convenient access to the area’s workforce, which is becoming more important to businesses and their employees seeking shorter commuting times,” says Gustafson.
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.