Joint venture Miller Global Properties, LLC and Principal Real Estate Investors has purchased 4600 S. Syracuse, a 304,059-square-foot Class A office tower, just minutes from the Belleview light rail station. The property sold for $74.3 million, according to public records.
Completed in 1999 and renovated in 2013, 4600 S. Syracuse offers desirable features such as floor-to-ceiling windows offering panoramic mountain and downtown views, efficient 25,000-square-foot floorplates and recently updated conferencing and fitness facilities. The 13-story building also features a 727-space parking garage, as well as additional development upside through excess land that could potentially host an office tower or multi-family development.
JLL represented the seller, MetLife Investment Management, and procured the buyer. Additionally, JLL worked on behalf of the buyer to secure the acquisition loan through Mesa West Capital, LLC.
“We saw exceptional interest in this trophy property from investors who all valued the high-quality construction and premier location of 4600 S. Syracuse,” Senior Director Peter Merrion, JLL, added. “The new owners are going to improve upon this signature building with some exciting enhancements and we look forward to watching their success.”
Photo courtesy of JLL
