CH2M Hill, global headquarters sold.
LA firms pays $122 million.
Sale of CH2M HQ handled by NGKF
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.
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