Two of the buildings, located in the Denver Tech Center, are owned by Maier & Siebel, a real estate investment adviser based in San Francisco. Alameda Natpark LLC, a locally owned investment company, owns the third, which is 100% occupied by the National Park Service.
Jones Lang LaSalle has won the management of the 200,000-sf building at 7887 E. Belleview Ave. through a bidding process initiated by Maier & Siebel. Maier & Siebel has owned the property since 1996. In late December, Maier & Siebel had purchased the 224,000-sf Terrace Tower II property at 5619 DTC Blvd. and has asked Jones Lang LaSalle to manage that property as well. Maier & Siebel also retains Jones Lang LaSalle for the management of its Salt Lake City holdings.
"Our recent acquisition of Terrace Tower II gives us a stronger presence in the DTC sub-market and allows us to expand our successful relationship with Jones Lang LaSalle," says Ross Berry, Maier & Siebel's senior vice president.
Steve Basssett, Jones Lang LaSalle senior vice president says "these expanded assignments give us the opportunity to build value for them in the Denver market. The firm will now be managing 28 Denver properties, totaling more than 6.3 million sf.Jones Lang LaSalle will be providing leasing and management services for the 167,000-sf National Park Service building located at 12795 W. Alameda Ave.
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