United Properties, in a joint venture with Principal Real Estate Investors, announced that it had recently acquired 58 acres of land near Denver to develop Dry Creek Corporate Center, a mixed-use office, industrial, hotel and residential campus located just east of Interstate 25 and East Dry Creek Road in Centennial. United Properties plans to develop approximately 650,000 square feet of single and multi-tenant office and industrial buildings, with the residential and hospitality portions of the campus to be sold to outside developers.
"This is one of the largest fully-entitled parcels of land in the heart of the southeast suburban market," said Kevin Kelley, vice president, United Properties. "With improving market conditions and low supply, we’re excited to bring this new Class A product to the market."
United Properties purchased the land for Dry Creek Corporate Center in a joint venture with Principal Real Estate Investors. David Lee, Jason Addlesperger and Mike Wafer of Newmark Grubb Knight Frank will lease the property on behalf of the ownership. Powers Brown Architecture is the lead architect for the vertical development.
For more news and information visit Blumberg Capital Partners.
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