DENVER—Lowe Enterprises Investors (LEI) hasacquired Stanford Place II, a 366,184-square-foot,class A office building in Denver on behalf of an investmentclient.
Built in 1982, the 17-storybuilding, located at 7979 Tufts Avenue in theNorth Denver Tech Center,offers sweeping views of downtown Denver and the surroundingarea. Lowe plans to undertake a capital improvements programthat will include upgrading building systems, refreshing commonareas and enhancing gathering areas.
“Stanford Place II is a well-located asset in one of Denver'sleading submarkets. With some investment in the building tomodernize and refresh the property it will be positioned tocontinue to attract top quality tenants,” said BleeckerSeaman, co-CEO of Lowe Enterprises Investors. “Theproperty is an excellent fit with our investment strategy thatfocuses on making physical and operational improvements to qualityassets in solid markets.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
