DENVER—90 North Real Estate Partners hasacquired an interest in 8000 East 36th Avenue,Denver, a four story, 175,155-square-foot class Aoffice building. The building is fully occupied bythe FBI for its Colorado and Wyoming fieldoperations. 90 North advised an international institutionalinvestor on the investment with Alex S. Palmer& Company, the developer, based in Nashville,TN.

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The building was developed in 2010 as abuild-to-suit to meet the exacting specifications of theGovernment Services Administration (GSA) on behalfof the FBI and to meet qualifications for LEED certification, whichit received in 2010.

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“This is a great acquisition for 90 North and representative ofthe type of properties we're evaluating to expand our NorthAmerican operations,” said Daniel Cooper, apartner and the Head of 90 North's North American operations. “Thisis a high-quality, LEED Certified building backedby the strength and security of a long term lease by the federalgovernment.”

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This acquisition officially launches what 90 North founder andmanaging partner Philip Churchill said is astrategic plan to invest $750 million insocially-responsible real estate investments in North America overthe next 18-24 months. 90 North's strategy is to target coreproperties in major cities and prime markets across the U.S. Thefirm will focus on assets ranging from $40 million to $100million.

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The FBI Building includes approximately 144,000 square feet ofoffice space. An annex totals an additional approximately 31,000square feet. The 9.9-acre site provides additionalland for 44,000 square feet future expansion opportunity. Theproperty also includes 365 parking spaces.

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The building is located in the Stapletondistrict of the Denver market. The property isapproximately one-quarter mile from a full interchange at I-70 andI-270. This location suits the government's security requirementsas well as its need for excellent highway access both to thecentral business district and Denver International Airport.

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Further enhancing this location is the planned construction twoblocks away of a station on the proposed East RailLine, which is expected to be completed in 2016. This isall part of the transformation of this area of northeast Denverfrom a primarily industrial marketplace to a vibrant, mixed-usearea.

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90 North will provide asset management services for theproperty. Day-to-day management of the property will be handled byNewmark Grubb Knight Frank.

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90 North was established by founding partners Churchill andNick Judd and has specialized in socially-responsible investment, including Shariahcompliant investment, for institutional and privateinvestors.

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Since its inception, 90 North has closed on more than$750 million of real estate transactions. Notableinvestments in the UK include:

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· A 1million-square-foot core logistics distribution center in Germanyto a Volkswagen affiliate;

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· A 797-bedstudent housing portfolio in Canterbury, purchased for $70.9million;

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· A $66.5million sale-leaseback containing 10 senior living care homes inEast Midlands;

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· A136,000-square-foot office and industrial complex in Teal Park,Lincoln that houses Siemens gas turbine headquarters.

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Increasingly, investors around the world are broadening thescope of their investments to include those that produce superiorfinancial returns while also not negatively impacting on society.This is commonly referred to as socially responsible investing andmay include Shariah-compliant investments.

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90 North helps clients invest in a socially responsible manner,with the criteria for these investments being guided by clientobjectives. This may include buildings that are or potentially canbe LEED certified and aide the environment; healthcare and relatedresearch facilities such as hospitals, senior housing anduniversity facilities; and buildings with tenants that are notassociated with gambling, alcohol, or other uses that cancontribute negatively to society.

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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.