DENVER—Rosemont Realty LLC, has purchased the two-building Denver World Trade Center (WTC) office towers in downtown Denver.
The seller of the Class A, 770,221 square foot office complex was I & G Denver WTC LLC. The sales price was not disclosed.
“Denver WTC is an iconic, skyline property with a prestigious downtown address adjacent to the 16th street mall,” said Daniel Burrell, CEO of Rosemont Realty.” This acquisition follows a broader strategy by Rosemont of migrating more of its portfolio into commercial business districts where tenant demand is improving and rates have the potential to grow rapidly in the coming years.”
Denver WTC is currently leased at 95% occupancy with 55 tenants. Tenants include Noble Energy Inc., Schlumberger Limited, KeyBank, Resolute Energy, Corp., and Baker Hughes, among others.
Rosemont Realty acquired the 165,154 square foot Cole Center in Golden, CO, late last year. The company also owns two others commercial properties in Denver – Central Place and Diamond Hill, totaling nearly 1.4 million square feet statewide.
This year, Rosemont Realty has acquired three other office complexes totaling more than 1.3 million square feet, including the Concourse office complex in Jacksonville, FL, Dulles View office complex in Herndon, VA, and 2000 Market Street in Philadelphia.
Headquartered in Santa Fe, NM, Rosemont Realty will provide property management services and Jones Lang LaSalle will handle leasing services.
Rosemont is a leading commercial real estate investment company with approximately 18 million square feet of commercial office space valued in excess of $1.8 billion.
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