Atlanta-based Wells acquired the Northrop Grumman building, formerly known as TRW Denver, in 2002, and expanded it last year. Northrop Grumman's lease on the three-story facility runs into 2015.
The building, at 750 S. Richfield St. in Aurora, was originally constructed in 1997. The property was marketed by Holliday Fenoglio Fowler of Chicago.
Wells REIT is a public, nontraded REIT specializing in office properties, which closed to new investors in 2003 and now has 84 buildings totaling more than 20 million sf in 24 states. NorthStar Realty Finance Corp. is a real estate finance and investment company that makes investments in real estate debt, real estate securities and net lease properties.
The Northrop division that occupies the building is in involved with national intelligence, surveillance and reconnaissance, according to a GlobeSt.com report regarding the expansion of the building last year. The building originally totaled about 108,000 sf before the addition of the build-to-suit space for Northrop Grumman.
At the time of the expansion and the renewal of the Northrop Grumman lease for the space, the deal was reported as one of the largest office leases in the Denver area that year.
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