Sale Transaction

Class A Park Centre Professional Office Building Trades for $6,750,000

By July 28, 2014 No Comments

Westminster, CO – NavPoint Real Estate Group is pleased to announce the sale of the 55,019 SF Park Centre Place office building at 12110 N. Pecos Street in Westminster for $6,750,000. This asset has tremendous access to Interstate 25 and E-470. The class A professional office building is well located nearby superb amenities including restaurants, hotels and retail services on N. Pecos Street & 121st Avenue. The building was constructed in 1984 and extensively renovated in 2005. This asset included and additional 2.52 acres for future development or parking. The seller was NBS-121 Pecos Opco, LLC. The Purchaser was Mililani Investments Pecos, LLC. Matt Call and John Witt of NavPoint Real Estate Group represented the buyer. Patrick Devereaux and Jason Schmidt of Jones Lang LaSalle represented the seller. This transaction successfully closed June 25, 2014.

With this most recent sale, NavPoint Real Estate Group has closed over $50,000,000 in sale and lease transactions thus far in 2014. NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services and Investment Firm with office locations in Denver, Castle Rock and Colorado Springs, Colorado. The company provides a wide array of services including Exclusive Brokerage Representation, Property/Asset Management, Consulting, and Investment throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an acute local market understanding combined with national reach and access to credit tenants and buyers to every client assignment. The firm is currently involved in the exclusive brokerage, ownership, or management or over 1,000,000 SF of commercial real estate covering all property types.