CH2M HQ sold

CH2M Hill, global headquarters sold.

LA firms pays $122 million.

Sale of CH2M HQ handled by NGKF

CH2M Hill

The CH2M Hill global HQ in the Meridian International Business Center has sold for $122 million.

Angelo, Gordon & Co., a private investment advisor based in Los Angeles, has paid $122 million for the CH2M global headquarters building in the Meridian International Business Center in Douglas County.

CH2M Hill,  one of the world’s leading engineering and construction firms, has a long-term lease on 100 percent of the space near Interstate 25 and Colorado 470.

Kevin Shannon, Ken White, and Laura Stumm of NGKF Capital Markets in Los Angeles, in cooperation with NGKF Colorado capital markets expert Dave Tilton and the NGKF leasing team of Jamie Gard and Jeff Castleton, represented the seller, Columbia Property Trust.

The buyer represented itself in the sale of the  370,485-square-foot, three-building office campus. The sale price equates to $329.30 per square foot.

David Milestone and Brett Green of NGKF Capital Markets arranged the debt on behalf of the buyer.

“This long term leased headquarters facility provides the buyer with an exceptional and secure income stream with a globally recognized credit tenant,” said Shannon, president of NGKF’s West Coast Capital Markets.

“The attractive yield was augmented with a favorable debt component typical in today’s low interest environment for core assets,” Shannon continued.

“This best-in-class campus is also located in one of Denver’s best submarkets,” he said.

Built in 2002 as a build-to-suit for CH2M, the property is on almost 22 acres at 9189, 9191, and 9193 South Jamaica St. On-site amenities include a fitness facility with showers and lockers, a number of conference and training rooms, outdoor seating areas and a cafeteria.

The tenant spaces feature high ceilings, quality finishes, and abundant large windows that provide natural light.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. Denver Real Estate Watch  is sponsored by  8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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