January 25, 2018
Denver – Transwestern’s Denver office announces the sale of a flex property totaling 42,380 square feet at 8022 Southpark Circle in Littleton, Colorado. The property was sold to an undisclosed buyer. Transwestern’s Brad Cohen, Larry Thiel, Cori Helms and Lauren Quiram represented the seller, GCCFC 2005-GG5 South Revere Industrial LLC, in the disposition.
Built in 2001, High Pointe Business Center currently has 100 percent occupancy comprised of a diverse mix of stable, industry-leading tenants including Eaton Corp., AimLock, and Beabout Brock Easley. The property is located within the Hilltop Business Centre at Southpark, a micro-market currently experiencing limited availability in flex and industrial product. The property was sold in the Ten-X auction process and involved several bidders.
“As its name suggests, the property sits elevated overlooking Highway 85, offering incredible views of the Front Range,” said Thiel. “The asset attracted more than 10 competitive bidders through the marketing process, resulting in a sales price that exceeded expectations.”
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Denver office, follow @TranswesternCO.