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| Cherry Creek Place 1 and 11 Office Complex, Aurora, CO |
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| Mark Katz |
DENVER, CO –– Holliday Fenoglio
Fowler, L.P. (HFF) announces the sale of Cherry Creek Place I and II, a
two-building, 400,000-square-foot office building in the Denver-area community
of Aurora, Colorado.
The HFF team represented the seller, Northstar
Commercial Partners, in the transaction.
Cherry Creek Place I and II is located at 3131
and 3190 South Vaughn Way at the interchange of Interstate 225 and Parker Road
in the Aurora submarket.
This
location has exposure to more than 243,000 vehicles per day and has
unparalleled access to the Denver Tech Center, the residential areas of
southeast suburban Denver, Denver International Airport and the affluent Cherry
Creek area.
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| Jules Sherwood |
The two six-story, Energy Star-rated buildings
have average floorplates of approximately 33,000 square feet and offer tenants
a host of amenities such as full-service fitness facilities with locker rooms
and showers, full service cafes and a conference facility with video
equipment.
Cherry Creek Place I and II is 94.7 percent
leased overall to tenants, including Verizon Wireless, ADT, Regus and the State
of Colorado.
The HFF investment advisory team representing
the seller consisted of senior managing director Mark Katz, managing
director Jules Sherwood and senior director Peter Merrion.
“Northstar carried out high-quality building
renovations at Cherry Creek Place I and II and the property featured great
tenancy, including ADT and Verizon,” said Merrion. “The quality of the
property and tenancy, combined with the strong market fundamentals and the
proximity to the R-Line helped generate significant investor interest in Cherry
Creek Place I and II.”
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| Peter Merrion |
Founded in 2000, Northstar Commercial Partners
is a privately-held commercial real estate investment company headquartered in
Denver, Colorado.
For more information, please visit: www.northstarcommercialpartners.com.
For more information, please visit: www.northstarcommercialpartners.com.
For more information, please contact:
KRISTEN MURPHY
HFF
Director, Public Relations
(617) 338-0990
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