Denver-based EverWest Real Estate Partners along with Miami’s Independencia Asset Management has completed the purchase of the Panorama Corporate Center, a 780,649-square-foot, six-building, Class A office campus in Centennial, Colorado. Holliday Fenoglio Fowler L.P. brokers John Jugl and Mary Sullivan represented the seller, Miller Global Properties, LLC, in the sale, and also helped EverWest and Miller secure a 70%-LTV, 10-year, full term interest only, fixed-rate acquisition loan at 4.78 percent through an unnamed national investment bank, according to a press release. The property last sold in 2013 for $145 million to Miller Global Properties, according to Arapahoe County property records.
Developed between 1996 and 2008, the Panorama Corporate Center spans 42 acres at the southwest corner of Interstate 25 and Dry Creek Road, adjacent to the Dry Creek light rail station in Centennial, a southeast suburb of Denver. Its six office buildings total 780,000 square feet, putting the sale in the neighborhood of $242 per foot, according to a BusinessDen article. The property was 94% leased at the time of sale with major tenants including United Launch Alliance and Comcast.
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