GREENWOOD VILLAGE, CO—Granite Properties has acquired an 119,834-square-foot, five-story office property in Southeast suburban Denver. The property, known as High Pointe Tower, is located in Greenwood Village on South Fiddler's Green Circle directly across from Granite's iconic Plaza Tower One property.

Built in 1998, High Pointe Tower offers mountain views from every floor and large, highly efficient floor plates at 24,000 square feet. The high-quality design of the building includes a two-story atrium lobby, with oversized stone tiles and wood walls. The property is currently 81% occupied with a strong tenant base including Hartford Insurance, TransUnion, and the U.S. General Services Administration. Within walking distance of many shops, restaurants, and the Arapahoe Light Rail Station, High Pointe is located in the center of a highly desirable business location. The property is also in close proximity to the proposed 203-room Westin Greenwood Village with 10,000 square feet of meeting space, anticipated to open in 2016.

“We're excited to expand our presence in Greenwood Village and particularly in this vibrant area,” says Stephanie Lawrence, Granite managing director. “High Pointe will be a complimentary property to Plaza Tower One, enabling us to better serve our growing customer base.”

The High Pointe Tower acquisition is the third in the Denver area for Granite since 2012. Granite purchased Plaza Tower One, a 22-story, 468,885-square-foot, class-AA property in March 2012, and Prentice Plaza, a 161,725-square-foot, 12-floor, class-A property in the Denver Technical Center submarket in November of 2013.

High Pointe's seller was represented in the transaction by Geoff Baukol of CBRE, and Granite was represented by Stephanie Lawrence, Will Hendrickson, and Geoff Wescott, all of Granite Properties.

Granite Properties is a privately held commercial real estate investment and management company with offices in Atlanta, Dallas, Denver, Houston and Los Angeles. It was founded in 1991.