The ParkRidge One building at 10475 Park Meadows Drive in Lone Tree. (Google Maps)
A vacant Lone Tree office building last used by Lockheed Martin last year has sold to another defense contractor.
ICR Inc., which is based in Aurora, paid $8.4 million on Dec. 17 for the 167,000-square-foot Park Ridge One building at 10475 Park Meadows Drive, according to public records.
That works out to $50 a square foot for the six-story building. And it represents an 80 percent discount compared to the last time the building sold in 2014, when it fetched $43 million.
The building has been vacant since July, according to marketing materials prepared by CBRE. Prior to that, Lockheed Martin subleased the space from Lumen.
The building was sold by an affiliate of California-based Peakstone Realty Trust.
ICR, which didn’t respond to requests for comment Tuesday, says on its website that the company aims to “identify and solve the Intelligence and Defense Communities’ toughest engineering and operational problems.”
ICR currently operates in office space within Southlands, the Aurora shopping center. The company’s LinkedIn page says it has between 500 and 1,000 employees. More than 100 job postings, including 35 roles in Colorado, were being advertised on ICR’s website as of Tuesday.
Assuming ICR intends to operate in Park Ridge One, the company would be the second owner-user to buy office space on the cheap recently. The founder and CEO of Tuff Shed bought the Denver office complex where the shed manufacturer is headquartered last month.
The ParkRidge One building at 10475 Park Meadows Drive in Lone Tree. (Google Maps)
A vacant Lone Tree office building last used by Lockheed Martin last year has sold to another defense contractor.
ICR Inc., which is based in Aurora, paid $8.4 million on Dec. 17 for the 167,000-square-foot Park Ridge One building at 10475 Park Meadows Drive, according to public records.
That works out to $50 a square foot for the six-story building. And it represents an 80 percent discount compared to the last time the building sold in 2014, when it fetched $43 million.
The building has been vacant since July, according to marketing materials prepared by CBRE. Prior to that, Lockheed Martin subleased the space from Lumen.
The building was sold by an affiliate of California-based Peakstone Realty Trust.
ICR, which didn’t respond to requests for comment Tuesday, says on its website that the company aims to “identify and solve the Intelligence and Defense Communities’ toughest engineering and operational problems.”
ICR currently operates in office space within Southlands, the Aurora shopping center. The company’s LinkedIn page says it has between 500 and 1,000 employees. More than 100 job postings, including 35 roles in Colorado, were being advertised on ICR’s website as of Tuesday.
Assuming ICR intends to operate in Park Ridge One, the company would be the second owner-user to buy office space on the cheap recently. The founder and CEO of Tuff Shed bought the Denver office complex where the shed manufacturer is headquartered last month.
