Mixed-use development in Denver trades for $67.7m
A joint venture led by Corum Real Estate Group and Koch Real Estate Investments (KREI) has purchased 210 University, a mixed-use development with office and retail space totaling 140,832 square feet in the Cherry Creek North district of Denver.
The sales price was $67.7 million.
JLL Capital Markets marketed the property on behalf of the undisclosed seller.
“210 University is the gateway to Cherry Creek North. The partnership is thrilled to succeed to ownership of this high-performing asset in this high-performing submarket, especially in Corum’s backyard,” said Jane Fletcher, executive vice president of Corum, who spearheaded the acquisition.
210 University is 89.4-percent leased to a variety of tenants, including Baird, US Bank, Cherry Creek Imaging and Western Veterinary Partners. The building includes two ground-floor retail spaces occupied by Little Ollie’s and Paradise Cleaners. The property also includes one of the largest parking garages