The building at 9151 E. Panorama Circle in Centennial sold for $106 million. It is fully leased by Arrow Electronics. (Courtesy of Drawbridge Realty)
Arrow Electronics has a new landlord for a portion of its headquarters in the Denver Tech Center.
The Centennial-based Fortune 500 company’s building at 9151 E. Panorama Circle in Centennial — one of three the company leases in the Denver Tech Center — sold earlier this week for $106 million, according to public records.
San Francisco-based Drawbridge Realty purchased the eight-story building from DCS Owner LLC, which bought it in October 2017 for $87 million, records show. That’s around the time the structure was completed.
The building is about 223,177 square feet, meaning the latest sale corresponds to about $475 a square foot.
Arrow leases another office building literally across the street at 9201 E. Dry Creek Road, which is also part of its headquarters. The company’s third local office is about a mile and a half away at 181 Inverness Drive West.
Arrow shifted its headquarters from New York to the DTC back in 2011, although the company already had a significant presence in the area prior to the change.
According to the firm’s website, Drawbridge’s holdings also include the Greenwood Corporate Plaza buildings at 5970 Greenwood Plaza Blvd. and 8051 E. Maplewood Ave. in Greenwood Village.
Correction: This story has been updated to note that the building is within Centennial city limits.
The building at 9151 E. Panorama Circle in Centennial sold for $106 million. It is fully leased by Arrow Electronics. (Courtesy of Drawbridge Realty)
Arrow Electronics has a new landlord for a portion of its headquarters in the Denver Tech Center.
The Centennial-based Fortune 500 company’s building at 9151 E. Panorama Circle in Centennial — one of three the company leases in the Denver Tech Center — sold earlier this week for $106 million, according to public records.
San Francisco-based Drawbridge Realty purchased the eight-story building from DCS Owner LLC, which bought it in October 2017 for $87 million, records show. That’s around the time the structure was completed.
The building is about 223,177 square feet, meaning the latest sale corresponds to about $475 a square foot.
Arrow leases another office building literally across the street at 9201 E. Dry Creek Road, which is also part of its headquarters. The company’s third local office is about a mile and a half away at 181 Inverness Drive West.
Arrow shifted its headquarters from New York to the DTC back in 2011, although the company already had a significant presence in the area prior to the change.
According to the firm’s website, Drawbridge’s holdings also include the Greenwood Corporate Plaza buildings at 5970 Greenwood Plaza Blvd. and 8051 E. Maplewood Ave. in Greenwood Village.
Correction: This story has been updated to note that the building is within Centennial city limits.
