DTC office building sells for $85M

Millennium Plaza greenwood village

The Millennium Plaza office building at 6200 S. Quebec St. in Greenwood Village sold for $85.2 million. (Courtesy of Google Maps)

An office building in the Denver Tech Center has sold for $85.2 million.

6200 S Quebec LLC on Tuesday purchased the Millennium Plaza, at 6200 S. Quebec St. in Greenwood Village, according to county records.

The LLC lists an address that matches the Beverly Hills, California, headquarters of real estate investment firm Kennedy Wilson. A company spokeswoman confirmed the purchase.

According to the property’s website, the four-story building dates to 1982 and is 335,855 square feet, which makes the deal worth $254 a square foot. The structure sits on a 26-acre lot and includes an expansive parking lot.

The property was sold by CBRE Global Investors, advisor to the California State Teachers’ Retirement System, which purchased it in December 2006 for $44.6 million, according to records.

The building was renovated in 2015, according to its website.

Engineering firm Aecom is the only tenant in the property, leasing approximately 80 percent of the site.

The Kennedy Wilson spokeswoman said the company does not have plans to significantly renovate or alter Millennium Plaza.

Millennium Plaza greenwood village

The Millennium Plaza office building at 6200 S. Quebec St. in Greenwood Village sold for $85.2 million. (Courtesy of Google Maps)

An office building in the Denver Tech Center has sold for $85.2 million.

6200 S Quebec LLC on Tuesday purchased the Millennium Plaza, at 6200 S. Quebec St. in Greenwood Village, according to county records.

The LLC lists an address that matches the Beverly Hills, California, headquarters of real estate investment firm Kennedy Wilson. A company spokeswoman confirmed the purchase.

According to the property’s website, the four-story building dates to 1982 and is 335,855 square feet, which makes the deal worth $254 a square foot. The structure sits on a 26-acre lot and includes an expansive parking lot.

The property was sold by CBRE Global Investors, advisor to the California State Teachers’ Retirement System, which purchased it in December 2006 for $44.6 million, according to records.

The building was renovated in 2015, according to its website.

Engineering firm Aecom is the only tenant in the property, leasing approximately 80 percent of the site.

The Kennedy Wilson spokeswoman said the company does not have plans to significantly renovate or alter Millennium Plaza.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 â€” 

 â€” 

 â€” 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *