The Landmark Corporate Center at 5500 S. Quebec St. in Greenwood Village. (Google Maps)
Add Greenwood Village’s Landmark Corporate Center to the list of local distressed office properties.
The $25.5 million loan secured by the 211,000-square-foot building at 5500 S. Quebec St. was transferred to special servicing in December “due to imminent default,” according to Trepp, a company that tracks commercial real estate loans.
Special servicers are essentially negotiators brought in when a lender gets concerned about an asset. The loan was made in 2020 and is set to mature in 2030.
Default was expected because of the loss of a major tenant, according to Trepp. Technology firm Pax8 leased more than a third of the Denver Tech Center building, 74,000 square feet, but moved mid-2025 to another building in Greenwood Village.
The Landmark Corporate Center — not to be confused with the nearby Landmark at Greenwood Village, which includes a movie theater and other retail space — was built in 1982.
The building last sold in July 2015 for $16.2 million, according to public records.
It is owned by 5500 South Quebec Properties LLC, an entity whose registered agent is Eric Davis, the president of Integrity Wealth Advisors in Colorado Springs. He did not respond to a request for comment.
Tenants that remain in the building include helicopter ambulance firm Air Methods and convenience store operator Circle K, which has a regional office there.
Read more: Troubled towers: Breaking down Denver’s distressed office properties
The Landmark Corporate Center at 5500 S. Quebec St. in Greenwood Village. (Google Maps)
Add Greenwood Village’s Landmark Corporate Center to the list of local distressed office properties.
The $25.5 million loan secured by the 211,000-square-foot building at 5500 S. Quebec St. was transferred to special servicing in December “due to imminent default,” according to Trepp, a company that tracks commercial real estate loans.
Special servicers are essentially negotiators brought in when a lender gets concerned about an asset. The loan was made in 2020 and is set to mature in 2030.
Default was expected because of the loss of a major tenant, according to Trepp. Technology firm Pax8 leased more than a third of the Denver Tech Center building, 74,000 square feet, but moved mid-2025 to another building in Greenwood Village.
The Landmark Corporate Center — not to be confused with the nearby Landmark at Greenwood Village, which includes a movie theater and other retail space — was built in 1982.
The building last sold in July 2015 for $16.2 million, according to public records.
It is owned by 5500 South Quebec Properties LLC, an entity whose registered agent is Eric Davis, the president of Integrity Wealth Advisors in Colorado Springs. He did not respond to a request for comment.
Tenants that remain in the building include helicopter ambulance firm Air Methods and convenience store operator Circle K, which has a regional office there.
Read more: Troubled towers: Breaking down Denver’s distressed office properties
