Cherry Creek office building, retail space change hands for $83M

8.16D Cherry Creek 2 scaled

Tenants at the 200 Columbine St. office building include Compass and Cambiar Investors. (Lily O’Neill photos)

A Cherry Creek office building has sold, along with the retail space on the ground floor of the condominium building next door.

GPIF Columbine LLC, an entity affiliated with Texas-based Crescent Real Estate, paid $82.75 million last week for the eight-story building at 200 Columbine St. and the retail space in the 250 Columbine complex, according to public records.

The real estate was sold by Denver-based Western Development Group, which developed the buildings spanning the entire east side of the block at the same time. Property records indicate they were completed in 2015.

Western and Crescent did not respond to separate requests for comment.

8.16D Cherry Creek scaled

The sale included the retail space on the ground floor of the 250 Columbine condominium building.

The office building includes about 90,000 square feet of office space and 10,000 square feet of ground-floor retail space, according to Western’s website. The retail space in the condo building adds another approximately 20,000 square feet.

Office tenants include Compass and Cambiar Investors. Retail tenants include Peter Millar, Gnat Jewelers, Sol Mexican Cantina and Evereve.

The sale is the first for Western in Cherry Creek since something of a selling spree in 2019. That year, the company sold the four-story office building at 101 University Blvd. for $26 million, a half-acre parking lot at 235 Fillmore St. for $12 million and a 0.75-acre site at the southeast corner of Madison Street and 2nd Avenue for $10.5 million.

Western still owns the four-story office building at 200 Fillmore St. as well as the retail space within The Shops at NorthCreek.

Crescent, meanwhile, recently completed the Platte Fifteen office building at 2373 15th St., home to tenants that include Robinhood, EF Education First and Fjallraven. The company has said it plans to add a sizable expansion to its nearby Riverpoint building at 2300 15th St., but it has yet to break ground.

8.16D Cherry Creek 2 scaled

Tenants at the 200 Columbine St. office building include Compass and Cambiar Investors. (Lily O’Neill photos)

A Cherry Creek office building has sold, along with the retail space on the ground floor of the condominium building next door.

GPIF Columbine LLC, an entity affiliated with Texas-based Crescent Real Estate, paid $82.75 million last week for the eight-story building at 200 Columbine St. and the retail space in the 250 Columbine complex, according to public records.

The real estate was sold by Denver-based Western Development Group, which developed the buildings spanning the entire east side of the block at the same time. Property records indicate they were completed in 2015.

Western and Crescent did not respond to separate requests for comment.

8.16D Cherry Creek scaled

The sale included the retail space on the ground floor of the 250 Columbine condominium building.

The office building includes about 90,000 square feet of office space and 10,000 square feet of ground-floor retail space, according to Western’s website. The retail space in the condo building adds another approximately 20,000 square feet.

Office tenants include Compass and Cambiar Investors. Retail tenants include Peter Millar, Gnat Jewelers, Sol Mexican Cantina and Evereve.

The sale is the first for Western in Cherry Creek since something of a selling spree in 2019. That year, the company sold the four-story office building at 101 University Blvd. for $26 million, a half-acre parking lot at 235 Fillmore St. for $12 million and a 0.75-acre site at the southeast corner of Madison Street and 2nd Avenue for $10.5 million.

Western still owns the four-story office building at 200 Fillmore St. as well as the retail space within The Shops at NorthCreek.

Crescent, meanwhile, recently completed the Platte Fifteen office building at 2373 15th St., home to tenants that include Robinhood, EF Education First and Fjallraven. The company has said it plans to add a sizable expansion to its nearby Riverpoint building at 2300 15th St., but it has yet to break ground.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate, Retail

Editor's Picks

Comments are closed.