Invesco Real Estate, one of the world’s largest real estate managers, has sold its property 105 Edgeview, a 186,231-square-foot, Class A office asset in the Interlocken Advanced Technology Environment in Broomfield, for $59.1 million.
Newmark Vice Chairman John Jugl and Director John Gustafson represented Invesco Real Estate in the transaction to an undisclosed buyer.
105 Edgeview is 100 percent leased to eight tenants and is anchored by Gogo Inc., a leading global aero-communications service providing which will establish aviation’s first and only 5G air to ground (ATG) network in 2022.
“The US 36 Corridor continues to see strong demand from investors; this dynamic translated to a competitive process with offers from REITs, institutional capital, private equity and domestic and international family offices,” said Jugl.
Completed in 2012, the building is one of the newer buildings in Northwest Denver and is certified as LEED Platinum with unique sustainable design elements. Strategically located in the heart of the Denver-Boulder corridor and with high visibility from US-36, 105 Edgeview provides immediate access to major arterials as well as one of the most educated workforces in the country.
“The strength of the US 36 Corridor is driven by the evolving demographics and growing population which has led to the addition of new schools, recreation centers, restaurants and other amenities. Combined with proximity to Boulder and Denver, US 36 Corridor companies have convenient access to the area’s workforce, which is becoming more important to businesses and their employees seeking shorter commuting times,” concluded Gustafson.
Photo courtesy of Invesco
