HFF announces sale of Cherry Creek Place I and II in Aurora, Colorado
DENVER, CO – July 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Cherry Creek Place I and II, a two-building, 400,000-square-foot office building in the Denver-area community of Aurora, Colorado.
The HFF team represented the seller, Northstar Commercial Partners, in the transaction.
Cherry Creek Place I and II is located at 3131 and 3190 South Vaughn Way at the interchange of Interstate 225 and Parker Road in the Aurora submarket. This location has exposure to more than 243,000 vehicles per day and has unparalleled access to the Denver Tech Center, the residential areas of southeast suburban Denver, Denver International Airport and the affluent Cherry Creek area. The two six-story, Energy Star-rated buildings have average floorplates of approximately 33,000 square feet and offer tenants a host of amenities such as full-service fitness facilities with locker rooms and showers, full service cafes and a conference facility with video equipment. Cherry Creek Place I and II is 94.7 percent leased overall to tenants, including Verizon Wireless, ADT, Regus and the State of Colorado.
The HFF investment advisory team representing the seller consisted of senior managing director Mark Katz, managing director Jules Sherwood and senior director Peter Merrion.
“Northstar carried out high-quality building renovations at Cherry Creek Place I and II and the property featured great tenancy, including ADT and Verizon,” said Merrion. “The quality of the property and tenancy, combined with the strong market fundamentals and the proximity to the R-Line helped generate significant investor interest in Cherry Creek Place I and II.”
About Northstar Commercial Partners
Founded in 2000, Northstar Commercial Partners is a privately-held commercial real estate investment company headquartered in Denver, Colorado. For more information, please visit: northstarcommercialpartners.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.