Office

Warba Bank Acquires Englewood Office Asset

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DENVERWarba Bank K.S.C.P. has acquired a 223,000-square-foot Class A office building in Englewood, with close proximity to the Dry Creek Light Rail Station. The recently completed seven-story building is expected to achieve LEED Silver certification.

This investment in the Denver metropolitan area boasts views of the Rocky Mountains and is situated within a 1.5 mile radius from outstanding retail and restaurant amenities. The modern design of the building, completed in 2017, features open-concept floor plans with column-free rectangular floor-plates, floor to ceiling windows and continuous glass lines. Other in-building amenities include a fully equipped fitness center, a large full-service café, and a large parking garage with above standard capacity.

“This acquisition is clearly in line with our favorable outlook on the Denver market and is strengthened by the growing demand from tenants moving to this submarket,” said Kevin Rivest, senior vice president of transactions for Bentall Kennedy. “The newly constructed building is an exceptional investment for the partnership and provides a combination of dependable cash returns and the opportunity for market rental growth in a rapidly growing US market.”

 

Image courtesy of Business Wire.

 

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