CBRE Completes Sale of Signature Centre in Golden
Denver, CO – CBRE Group, Inc. recently sold the Signature Centre, an 185,920-square-foot Class AA office property located at 14143 Denver West Parkway in Golden, Colorado. Tim Richey, Mike Winn, Chad Flynn and Jenny Knowlton of CBRE Capital Markets Institutional Properties represented the seller, HQ Capital Real Estate L.P. of New York on behalf of TRIUVA. Integrated Properties of Denver purchased the building in a sale that closed Jan. 23, 2017.
“With state-of-the-art systems and infrastructure, timeless architecture, high-quality finishes and an incredibly strong, stable line-up of tenants from some of the nation’s leading industries, Signature Centre stands as the most sought-after asset in the West Denver market,” said Tim Richey, executive vice chairman, CBRE Capital Markets, Institutional Properties, Denver. “One of only five LEED Platinum Core & Shell Certified properties in Colorado, it is also one of the most—if not the most—sustainable and efficient office buildings in the entire region.”
Completed in 2007, Signature Centre offers five stories of office space plus three levels of underground parking. On-site amenities include a 2,400-square-foot fitness center, a Denver West Deli and on-site storage. High-quality interior finishes include Italian marble, Brazilian cherry wood, stainless steel and glass. The exterior features a primarily glass curtain wall with Indian Sandstone accents and numerous balconies. The property was 96-percent leased to eight tenants at the time of sale. The biggest tenant, CoorsTek, is one of the largest Colorado-based companies, worth an estimated $2.5 billion.
HQ Capital is a leading independent alternative investment manager with more than $11 billion in assets under management in private equity and real estate. The company invests in existing properties and real estate development projects throughout the United States, including multifamily, residential, office, industrial, retail, hotel and mixed-use properties. HQ Capital’s investments currently comprise more than 16 million square feet of commercial space and 67,000 residential units.
TRIUVA Kapitalverwaltungsgesellschaft mbH is a leading provider and manager of structured real estate products for institutional investors in Germany with assets under management of around 9.8 billion Euro. TRIUVA initially purchased Signature Centre in 2008.
The buyer, Integrated Properties, is a premier Denver-based commercial real estate development company whose combined portfolio of commercial and multifamily properties encompasses more than 8.5 million square feet, plus 3,100 apartment units, across six states. With a vision for how people live, work and play in their environments, Integrated Properties acquires, reformats and newly-builds a range of property types with a special focus on mixed-use projects. In 2015, the company completed and sold 16M, a landmark office, retail and luxury apartment development located along the 16th Street Mall in downtown Denver. A family-owned business, Bruce Deifik founded the company and serves as its President and CEO. His son, Jordan Deifik, is Vice President of Business Development.
“Integrated Properties has always targeted our acquisitions with a focus on quality over quantity. When we became aware of Signature Centre being available, it made perfect sense for us given the excellent level of construction detail and finishes throughout the property, the LEED Platinum designation, as well as the exceptionally strong tenant base it has. All of these things collectively make this trophy asset the perfect addition to our portfolio,” said Bruce Deifik.
Signature Centre is located at the interchange of Interstate 70 and Denver West Parkway, approximately 15 minutes from downtown Denver. Shopping, dining and entertainment are located nearby at Denver West Village and Colorado Mills, and the property is also located near the Marriott Denver West and the National Renewable Energy Laboratory campus.
Image courtesy of CBRE