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| Tammy Saia |
LAKEWOOD, CO – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, announced the sale of the 115,650-square-foot Western Area Power Administration (WAPA)
headquarters building in Lakewood, Colo.
The $20.25 million sales price equates to $175 per square
foot.
Tammy Saia, vice president investments
in Marcus & Millichap’s Chicago Oak Brook office, represented the seller, a
private investor.
The buyer is Easterly Government Properties Inc. Richard Bird, vice president and
regional manager of the firm’s Denver office is Marcus & Millichap’s broker
of record in Colorado.
“Occupying
an entire city block, the building expresses the technical requirements of the
tenant agency and reflects its public image,” says Saia. “WAPA officials were
actively involved in the planning and procurement of the space for more than
seven years. The property is leased to the General Services Administration on
behalf of the Department of Energy until 2029.”
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| Richard A. Bird |
Built in
1999 on 5.7 acres and 100 percent occupied by WAPA, the building is located at
12155 West Alameda Parkway in Lakewood’s Union Square office area.
The
115,650-square-foot facility features a gently curving footprint that follows
the shape of the property and provides for interesting interior spaces.
The
three-story structure contains some of the most advanced operating systems
available in the market and many nonstandard technical components required by
the government.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations
Manager
(925) 953-1716
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