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Middle Eastern Investors Buy Office-Lab Building

DENVER-Working through Grosvenor Investment Management, a group of investors pays approximately $25 million for a 154,000-sf class A office and lab building in Louisville, CO.

By Brian K. Miller | Updated on May 08, 2007

DENVER-Grosvenor Investment Management US Inc. has acquired a 154,000-sf class A office and lab building in Louisville, CO on behalf of a commingled fund established for Middle Eastern investors. The 99%-leased building changed hands for approximately $25 million, local industry sources tell GlobeSt.com. The seller was Triumph Real Estate Corp.

Built in 1996 as part of the Centennial Valley Business Park, the building contains 72,000 sf of class A office space. The remainder of the building houses clean-room and laboratory space. The tenants are Sun Microsystems Inc., Replidyne Inc. and GlobeImmune Inc. The building address is 1450 Infinite Dr.

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