Schnitzer West Acquires 2 Denver-Area Assets
- Mar 08, 2019
Seattle-based Schnitzer West has acquired Peakview Place and 115 Inverness, two mixed-use properties located within Denver’s southwest suburban submarket. The company owns and operates more than 1.5 million square feet of office space.
Scheduled to begin construction in January 2020, Peakview Place will feature roughly 475,000 square feet of Class A office, multifamily, hospitality and retail space. Located in Centennial, Colo., the property will offer convenient access to various shopping, dining and entertainment venues including Fiddler’s Green Amphitheater, as well as some transportation options such as Village Center Station.
Located in Englewood, Colo., in close proximity to the Dry Creek Light Rail station, 115 Inverness consists of a three-story building totaling more than 55,000 square feet of rentable office space. The office property provides convenient access to The Vallagio, Park Meadows and Centennial Promenade. Common-area amenities include two outdoor patio areas and free Wi-Fi throughout the building. The company plans to renovate the property by adding new on-site conference facility and locker rooms.
“The acquisition of these two properties in Denver’s Greenwood Village and Centennial submarkets demonstrates Schnitzer West’s continued commitment to the Denver market by making strategic investments in transit-oriented micro-markets,” Doug Zabel, investment partner, Schnitzer West, said in a prepared statement. “We remain positive on the growth in the region given its convenient public transportation hubs, highly educated workforce and ample supply of residential housing.”
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