Cushman & Wakefield Arranges Colorado Office Sale
- Jul 22, 2019
Cushman & Wakefield has secured the sale of Plaza 200 & 300 at Highlands Ranch, a 74,778-square-foot multi-tenant office building in Highlands Ranch, Colo. Managing Directors Aaron Johnson and Jon Hendrickson of the company’s Denver office arranged the $14.4 million sale.
Located at 200 & 300 Plaza Drive at Highlands Ranch Business Park, the property provides convenient access to various retail and dining venues, as well as the recent development of the 33-acre medical campus.
The two, two- and three-story buildings were 99 percent occupied at the time of the sale. Built in two phases, in 1996 and 1999, and renovated in 2008, the Class B property features floor plates ranging from 14,842 to 15,063 square feet and offers 314 parking space. According to Yardi Matrix data, Plaza 200 & 300 last traded in 2006, when The Lagomarsino Group acquired it for $11.2 million, or $149,09 per square foot.
In another recent deal, Cushman & Wakefield represented Showpad in the acquisition of 50,000 square feet of office space in Chicago’s One North State.
If you’d like to be featured in Brokers’ Corner, send your deal to email@example.com.