Jeff Schindler, Equastone's chief investment officer, tellsGlobeSt.com the Interlocken portfolio represents a "value-added,opportunistic investment." He says the area is "one of the fastestrecovering office submarkets in Colorado." Other driving forces forthe investment include proximity to shopping, restaurants,executive housing and the 10-minute drive time to DowntownDenver.

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Another attraction was the synergy created by some of theexisting high-profile tenants in the greater park. The InterlockenBusiness Park includes corporate campuses of Sun Microsystems andLevel 3 Communications.

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As for Equastone's purchase, the four new properties include onethree-story and three, single-story buildings. They wereconstructed form 1984 to 1986. Tim Richey and Chad Flynn fromCushman & Wakefield represented the seller, Olympia PropertiesLLC.

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Last year in Colorado, Equastone added the Views, a class Aoffice project located at 11800-11802 Ridge Parkway in Broomfieldfor $35 million. The property includes two, five-story buildingsthat total 336,760 sf. The seller was Alliance CommercialPartners.

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At the time of the deal, Equastone EVP Todd Parker said the"leasing activity in the Interlocken/Outerlocken area has reboundeddramatically and the corridor is once again becoming the darlingthat it was in the late 90's."

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In all, Equastone plans to acquire $1 billion of office and flexproperties over the next two years throughout the US. Currently thecompany has offices in San Diego, Denver, and Houston, and ownsproperties in California, Arizona, Colorado, Nevada, Louisiana,Texas and Oregon. According to company reports, Equastone's minimuminvestment is $20 million and preferred investment size is from $50million to $100 million.

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