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Gates Sells 2.2 Mil SF, 50-Acre Site In Campus

DENVER-In one of the largest land deals in years, Gates Corp. deals off two-thirds of its Denver campus to Cherokee Investments Partners II, L.P. The acreage includes 2.2 million sf spread over 12 buildings.

By John Rebchook | Updated on November 30, 2001

DENVER-The Gates Corp. has reached a definitive agreement to sell 50 acres of its 75-acre Denver campus to locally-based Cherokee Investments Partners II, L.P. Cherokee, based in the Denver Technological Center, specializes in cleaning up and developing environmentally contaminated sites.

The 50-acre site it is purchasing from Gates includes about 12 buildings with just under 2.2 million sf. The price was not disclosed, but it is the largest land deal in Denver in years and represents the largest contiguous property sale outside of the former Stapleton International Airport or the former Lowry Air Force Base.

The sale is scheduled to close on Dec. 18.

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