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Wells REIT II Buys CH2M Hill HQ for $139M

ENGLEWOOD, CO-The 478,000-sf (net rentable) complex here, constructed over the past five years, is leased to CH2M Hill Cos. for the next 10 years.

By Brian K. Miller | Updated on September 26, 2007

ENGLEWOOD, CO-CH2M Hill Cos. has sold its 30-acre headquarters here to Wells REIT II for $138.5 million plus closing costs. The five-building, 478,000-sf complex is net leased to CH2M Hill for the next 10 years.

CH2M Hill’s current annual base rent is approximately $10 million. The firm has the right to extend the term of its lease for two successive periods of five or 10 years each. Built over the past five years, the campus occupies the 9100 block of South Jamaica Street. The complex sits within the Meridian Business Center.

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