Rampart Center, a two-building office/flex property totaling 100,455 square feet in Englewood, has sold to River Rise Capital for $18 million.
JLL represented the seller, Libitzky Property Companies, in the sale of the property.
Rampart Center comprises two buildings at 7173 and 7245 South Havana St. in Denver’s Southeast suburban submarket. This area is home to the largest concentration of Fortune 500 companies in the state and attracts a highly educated, affluent resident population. The property is easily accessed via Interstate 25 and has a robust amenity base of high-end dining, shopping and entertainment, nearby.
The single-story buildings were originally built in 1999 and have gone through recent improvements, including adding a fitness center. Rampart Center is 94% leased to five tenants in a variety of industries, including GSA, healthcare, engineering and coworking.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Larry Thiel and Senior Director Sean Whitney.
“Rampart Center has had incredible leasing momentum and occupancy that outperforms the Denver metro,” Thiel said. “We had a great amount of investor interest in the property given the quality of the asset and the surrounding submarket.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory, or recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
