Northstar Wagers on Mile-High City Office
- Jul 28, 2015
By Ioana Neamt, Associate Editor
Denver’s booming economy is drawing both local and out-of-state investors like a magnet, and Northstar Commercial Partners is no exception. The company recently paid more than $16 million for a 204,945-square-foot office building in the city’s thriving Tech Center, one of the largest office hubs in Colorado.
The office building located at 5500 S. Quebec in Greenwood Village is currently the home of CoBank, who will leave the building in March 2016 to move into its new DTC headquarters. Northstar intends to secure a new tenant at the property and create over 800 replacement jobs for the local community. The company is already in talks with several prospective tenants. The other large tenant in the building is Waste Management.
“This will be one of the largest blocks of stand-alone contiguous office space in the market, at a lease rate that will be significantly below newly constructed buildings,” said Brian Watson, Northstar founder & CEO in a prepared statement. In addition, this building has unimpeded Western Views, and is within walking distance of the Landmark retail project.”
Image courtesy of Northstar Commercial Partners