KBS has sold Peakview Tower to a joint venture led by Vanderbilt Office Properties for $66 million. The 264,000-square-foot trophy office asset is located in Denver's Greenwood Village area.
KBS acquired the property in 2012 in a move to increase its exposure to Denver, a city KBS likes for its growth and value potential. Denver has a strong tech talent pool, large millennial population and consistent job and population growth. During its ownership, KBS completed several capital improvements and added a fitness center and tenant lounge to the property.
Peakview Tower features 27,600 square-foot floorplates, 9-foot-plus ceiling heights and covered parking as well as several amenities, including a two-story lobby atrium. Plus, the property is walking distance from a food hall, Starbucks, grocery store, a movie theater, more than 200 hotels rooms and public transportation.
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Kelsi Maree Borland
