McCaffery Interests opens Denver office.
McCaffery taps veteran developer Glen Sibley to run its local office.
Chicago-based McCaffery has a 20 million square foot real estate portfolio.
McCaffery Interests Inc., a privately held Chicago-based commercial real estate firm that has developed more than $2 billion in properties over the past quarter of century, announced on Monday it has opened a Denver office.
Glen Sibley, a veteran Denver commercial real estate executive, will head the company’s Denver office. Sibley has had a long time relationship with the company, which also has offices in Washington, D.C. and Pittsburgh.
“Our firm has looked at Denver for several years as a place where significant opportunity exists to apply our skills in urban mixed-use development,” according to Dan McCaffery, the CEO of his namesake company.
McCaffery Interests has a portfolio of more than 20 million square feet. Its portfolio includes offices, mixed-use projects, hotel and residential properties. Its portfolio also includes large, mater-planned communities and land development plays.
“Key market segments in which we operate, including retail, multi-family, residential, office and hotel properties are all areas with significant demand in Denver and areas in which Glen has direct and relevant experience,” McCaffery added.
During the past 26 years, Sibley has developed and managed a wide-range of commercial real estate projects.
For example, he assembled a team that developed the Museum Residences and the Art Hotel at 12th Avenue and Broadway, next to the Denver Art Museum. He developed those high-profile projects with George Thorn, another veteran Denver developer.
Sibley also led the team that organized the redevelopment of the El Jebel Shrine building in North Denver.
He also represented the long-time landowner in the development of the York at City Park, a 212-unit Class A apartment building at East 17th Avenue and York Street.
Last October, Sibley completed the development and construction of the Littleton Adventist Hospital’s new Center for Radiation Oncology.
Sibley also developed the Embassy Suites Hotel at the Denver International Airport and redeveloped 255,000 square feet of offices at 188 Inverness, in the Inverness Business Park along the southeast corridor.
“I am thrilled about the opportunity to work with Dan again,” Sibley said about running the Denver office for McCaffery.
“He is a true visionary and one of the most creative people in the business,” Sibley continued.
“Dan and his entire team bring both financial effective discipline and thoughtful application of architecture and construction to each project the firm undertakes,” he said.
McCaffery Interests Denver office is in the historic Equitable Building. at 730 17th St.
In Chicago, McCaffery is redeveloping the former Children’s Memorial Hospital site in Lincoln Park. That project will include more than 100,000 square feet of retail, 540 luxury apartment units, 60 condominiums and a 156-room senior living facility.
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