DENVER, CO - January 6, 2014 - HFF announced today that it has closed the sale of Panorama Corporate Center, an 821,242-square-foot, Class A office campus in Englewood, Colorado.
HFF marketed the property exclusively on behalf of the seller, a joint venture between Equity Office and institutional investors advised by J.P. Morgan Asset Management. Miller Global Properties, LLC purchased the asset free and clear of existing debt.
Panorama Corporate Center is 92.3 percent leased and includes seven institutionally maintained buildings completed between 1996 and 2008. Situated on 53.3 acres, the property includes two additional land parcels totaling 11.3 acres, which are zoned for any combination of office, retail, industrial or residential uses. The property is located at the southwest corner of the Interstate 25/Dry Creek Road interchange adjacent to the Dry Creek light rail station. The asset is anchored by United Launch Alliance (ULA).
The HFF team representing the seller was led by senior managing directors John Jugl and Mary Sullivan.
Equity Office is one of the largest and most well-respected commercial real estate firms in the nation, with a portfolio encompassing 60 million square feet of Class A office space under management in superior locations throughout the country. For more information, visit www.equityoffice.com.
J.P. Morgan Asset Management - Global Real Assets has more than $70 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia, as of September 30, 2013. With a 40-plus-year history of successful investing, J.P. Morgan Asset Management - Global Real Assets` broad capabilities provide many of the world`s most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies.
Located in Denver, Colorado, Miller Global Properties, LLC and its affiliates sponsor value-add/opportunistic real estate investment vehicles. The principals of Miller Global have been involved in transactions totaling more than 50 million square feet of buildings. They have experience in all property types and have executed more than $7 billion of real estate transactions throughout their careers. www.millerglobal.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
HFF Senior Managing Director
HFF Senior Managing Director
HFF Associate Director, Marketing
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Source: HFF, Inc. via GlobeNewswire
- Real Estate