Greenwood Village-based KORE Investments, LLC has acquired 169 Inverness, a Class AA, multi-tenant office property located at 169 Inverness Dr. W, Englewood, for a purchase price of $28.5 million. 169 Inverness is one of the newest office buildings in Southeast Denver.
“Our goal is to take our company culture of serving others and make that the culture of the building for every new acquisition, and this is another great asset for KORE to implement that aspirational goal,“ said Jack Kim, founding principal of KORE Investments.
At closing, 169 Inverness is 96% leased to a roster of credit tenants, including UnitedHealthcare, Leidos, CSG Systems, and Goosehead, among others.
According to property records, the Seller, Boston-based Beacon Capital Partners, purchased the building for $27 million in 2019.
Located in Southeast Denver, the property benefits from high visibility and connectivity, including direct access off I-25 and proximity to the Dry Creek light rail station, as well as nearby dining, retail, and hospitality amenities.
The asset also offers sustainability and technology attributes, including ENERGY STAR, Fitwel, and WiredScore Silver credentials, along with solar generation via roof and carport arrays.
Looking ahead, KORE plans to execute a hands-on ownership and operations approach that includes a transition to KORE’s in-house property management and building on the previous owner’s building optimization, alongside proactive leasing and retention initiatives. In addition to the in-place office offering, the site carries entitled mixed-use zoning that provides long-term optionality for additional density on excess land.
KORE is an opportunistic office and mixed-use real estate investment firm with an experienced team and a strategic focus across growth markets including Denver, Chicago, Arizona, Texas, and the Carolinas.
