In a press release issued late yesterday, the Denver-based AmeriVest says it will apply an estimated $29 million of cash proceeds to its secured credit facility, which will be retired when escrow balances are released by the lender. The Jones Lang LaSalle team of managing director Evan Stone, senior vice president Linda Simpson and associate Kelly Branum were marketing the class A office building at 2515 McKinney Ave., one of five AmeriVest office properties that were up for sale. According to the seller, AmeriVest Plaza in Denver will be sold before the calendar flips.
"We had very strong interest from a wide variety of buyers," Stone tells GlobeSt.com. "Investors saw the terrific dynamics in Uptown and the continued growth of rental rates and a continued improvement for a 24-hour environment."
Dean Foods Inc.'s headquarters is the largest tenant in the building. "It's a core building with a core rent roll in a core location," Stone says.
The 20-year-old Chateau Plaza sits on an acre in the heart of Uptown, within blocks of the Crescent. Dallas County has the holding assessed at $19 million.
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