DENVER—Lowe Enterprises Investors (LEI) has acquired Stanford Place II, a 366,184-square-foot, class A office building in Denver on behalf of an investment client.
Built in 1982, the 17-story building, located at 7979 Tufts Avenue in the North Denver Tech Center, offers sweeping views of downtown Denver and the surrounding area. Lowe plans to undertake a capital improvements program that will include upgrading building systems, refreshing common areas and enhancing gathering areas.
“Stanford Place II is a well-located asset in one of Denver's leading submarkets. With some investment in the building to modernize and refresh the property it will be positioned to continue to attract top quality tenants,” said Bleecker Seaman, co-CEO of Lowe Enterprises Investors. “The property is an excellent fit with our investment strategy that focuses on making physical and operational improvements to quality assets in solid markets.”
Continue Reading for Free
Register and gain access to:
- 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
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
