TerraCap Management purchases two office buildings in Colorado

TerraCap Management has acquired Cherry Creek Plaza in Glendale, Colo., for $54.1 million. 

Cherry Creek Plaza is comprised of two 13-story, class A office buildings totaling 335,000 square feet with structured parking.  The property features numerous amenities, including a newly renovated lobby, fitness center and conference room. Cherry Creek Plaza is situated on the south side of Cherry Creek, one of the strongest performing submarkets in Denver, and is adjacent to the Cherry Creek Trail, the city’s most popular cycling path. Walkable amenities include over a dozen restaurants and nearly 1 million square feet of national retailers. Cherry Creek Plaza is adjacent to Glendale 180, a proposed $175 million mixed use development, which will be a substantial addition to the property’s already robust surrounding amenity base.

Steve Hagenbuckle, founder and