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M & J Wilkow, DRA Advisors Purchase Cherry Creek Corporate Center

DENVER — A joint venture between M & J Wilkow and a fund managed by DRA Advisors LLC has acquired Cherry Creek Corporate Center, a 238,302-square-foot office tower in Glendale, for an undisclosed amount. The 12-story tower is located at 4500 Cherry Creek Drive South.

Cherry Creek Corporate Center was built in 1978 southeast of Denver. It recently underwent a $15 million renovation. Amenities include a newly renovated lobby and updated common areas, as well as a fitness center.

The property is 85 percent occupied. M & J Wilkow Properties will manage the asset and carry out additional building improvements and amenity enhancements.

In 2014, the Denver Business Journal reported that Alliance Commercial Partners ran into issues when they purchased the property for $33.5 million.

Image courtesy of Western Real Estate Business.
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