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JER Acquires 900,000-SF Office Portfolio for $100M

DENVER-The nine-building portfolio here is 98% leased. The seller was CarrAmerica Realty Corp.,which was recently acquired in a $5.6-billion transaction.

By Brian K. Miller | Updated on July 26, 2006

DENVER-JER Partners and Circle Capital Partners have acquired a 908,000-sf office portfolio here from CarrAmerica for $100.2 million. The nine-building portfolio is 98% leased and concentrated in the Southeast submarket. Trammell Crow will provide building and operating management for the properties.

JER is the private equity investment arm of J.E. Robert Cos. Circle Capital Partners is a lcoally based private investment firm. The seller was CarrAmerica Realty Corp.

The names of the buildings in the transaction are: the Harlequin Plaza North and South; Dry Creek Corporate Center II and III; Quebec Centre West, Center and East; and Quebec Court I and II.

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