DENVER – July 26, 2021 – CBRE announced the $14.255 million sale of Highland Place II, a 143,175-square-foot office property in Centennial, Colo., to CBRE announced the $14.255 million sale of Highland Place II, a 143,175-square-foot office in Centennial, Colo., to CentrePointe Properties. Patrick Deveraux, James Brady and Campbell Davis with CBRE Capital Markets in Denver represented the seller, Atlas Real Estate Partners.
Located at 9110 E. Nichols Avenue, Highland Place II is located within Denver’s Southeast market, the region’s second-largest employment center. Tenants of the three-story building include the National Cattlemen’s Beef Association, BluSky Restoration Contractors, and Cardel Homes U.S.
Highland Place II is located between the County Line and Dry Creek Light Rail Stations. The property sits less than a half mile west of Interstate 25, and one mile north of the Interstate 25 and E-470 interchange, both of which provide convenient access to Denver International Airport and all of Denver Metro. It is also less than a five-minute drive from the1.6 million square feet of retail amenities and restaurants at Park Meadows Mall.
“At 55 percent occupancy, Highland Place II is tremendous value-add opportunity for CentrePointe Properties. The asset’s floor plates provide more than 40,000 square feet of contiguous space on a single floor, which is attractive in a post COVID-19 environment,” said Mr. Devereaux, senior vice president, CBRE. “Additionally, Highland Place II offers a campus environment with tremendous outdoor common areas and a recently re-developed lobby. Highland Place II is located within Panorama Park which continues to be a desired location for companies as millennials begin to flock to the suburbs.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
