DENVER, CO – The joint-venture partnership of Corum Real Estate Group and Koch Real Estate Investments has purchased a 140,832-square-foot, mixed-use property in Denver for $67.7 million.
Located within the city's Cherry Creek North district, the office and retail development, 210 University, is more than 89%-leased to tenants such as Baird, US Bank, Cherry Creek Imaging, Western Veterinary Partners, Little Ollie's and Paradise Cleaners. The property also features one of the largest parking garages in the district.
JLL capital markets marketed the property on behalf of the owner, closed the sale and arranged the acquisition financing. The firm worked on behalf of the new owner the secure a five-year, interest-only, fixed-rate loan with a national balance sheet lender.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
