Holliday Fenoglio Fowler LP recently announced it has closed the sale of the 821,242-square-foot Panorama Corporate Center in Englewood, Colo.
The Class A office campus was marketed exclusively by HFF on behalf of the seller, a joint venture between Equity Office and institutional investors advised by J.P. Morgan Asset Management. The asset was purchased by Denver-based Miller Global Properties LLC free and clear of existing debt.
Located at the southwest corner of the Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail station, Panorama Corporate Center is currently 92.3 percent leased and is anchored by United Launch Alliance. The property features seven institutionally maintained buildings which were completed between 1996 and 2008. Situated on 53.3 acres of land, the property also features two additional land parcels totaling 11.3 acres, zoned for any combination of office, retail, industrial or residential uses.
With the purchase, Miller Global Properties LLC has extended its portfolio in Englewood where the company already owns The Point at Inverness. The 186,945-square-foot Class A office building is located at the southeast corner of the intersection of County Line Road and Interstate 25 in the Inverness Business Park.
For more Denver market data, click here.
Photo Courtesy of: www.hyderinc.com