The price Time Warner Telecom will pay Denver-based Cordillera Corp. for the property is being disclosed. Real estate experts estimate the campus could cost $50 million to $65 million. Time Warner Telecom also has an option to buy an adjoining 28-acre parcel, where it could build another 400,000 sf.
The area quickly is becoming a hub for high-profile Denver companies. Time Warner Telecom's new headquarters will be across Peoria Street from TeleTech Holdings' recently purchased building from AT&T Broadband. It also is near Liberty Media Group's headquarters site.
Time Warner Telecom, 48% owned by Time Warner Inc., which in turn has been purchased by American Online in a $106-billion deal, has just added 690 employees with the recent completion of a $690-million purchase for most of the assets of bankrupt GST Telecommunications. Time Warner Telecom employs 2,400 people.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
