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| Panorama Corporate Center, at the southwest corner of the Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail station, Englewood, CO |
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| Mary Sulllivan |
DENVER, CO – HFF announced today that it has closed the sale
of Panorama Corporate Center, an 821,242-square-foot, Class A office
campus in Englewood, Colorado.
HFF
marketed the property exclusively on behalf of the seller, a joint venture
between Equity Office and institutional investors advised by J.P. Morgan Asset
Management. Miller Global Properties,
LLC purchased the asset free and clear of existing debt.
Panorama Corporate Center is 92.3 percent leased and
includes seven institutionally maintained buildings completed between 1996 and
2008.
Situated on 53.3 acres, the property includes two additional
land parcels totaling 11.3 acres, which are zoned for any combination of
office, retail, industrial or residential uses.
The property is located at the southwest corner of the
Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail
station. The asset is anchored by United Launch Alliance (ULA).
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| John Jugl |
The HFF team representing the seller was led by senior
managing directors John Jugl and Mary Sullivan.
Equity Office is one of the largest and most well-respected
commercial real estate firms in the nation, with a portfolio encompassing 60
million square feet of Class A office space under management in superior
locations throughout the country.
J.P. Morgan Asset Management – Global Real Assets has more
than $70 billion in assets under management and more than 400 professionals in
the U.S., Europe and Asia, as of September 30, 2013.
With a 40-plus-year history of successful investing, J.P. Morgan
Asset Management – Global Real Assets’ broad capabilities provide many of the
world’s most sophisticated investors with a global platform of real estate,
infrastructure, maritime/transport and energy strategies.
Located in Denver, Colorado, Miller Global Properties, LLC
and its affiliates sponsor value-add/opportunistic real estate investment
vehicles. The principals of Miller
Global have been involved in transactions totaling more than 50 million square
feet of buildings. They have experience
in all property types and have executed more than $7 billion of real estate
transactions throughout their careers.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |
www.hfflp.com
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