(To read more on the industrial market, click here.)
CENTENNIAL, CO-SVN Equities LLC, based in Irvine, CA, recently paid $29 million for the 310,000-sf office/flex space at the Arapahoe Peoria Business Center in this city along the southeast corridor. That equates to $93.55 per sf for the class A center, which consists of buildings.
Dave Lee and Jason Addlesperger of the Denver-based Frederick Ross Co. negotiated the sale. SVN retained the pair to market and lease the property. Lee and Addlesperger thus far have negotiated 51,000 sf in deals, and now only two spaces remain.
SVN was formed in 1998 by Burton Young, Rand Sperry, Mark Van Ness and Jack Carroll. As a private real estate firm, it is focusing on office, industrial, retail and apartment sectors throughout the US.
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.
