Los Angeles-based Farmers paid $168.60 per sf for the buildingsin the Park Meadows Corporate Center. The fully leased buildingsare occupied by the University of Phoenix and Nextel Corp., CBRichard Ellis broker Ron Urgitus told GlobeSt.com. Urgitus andfellow broker Tim Swan have negotiated the sale.
"In my opinion, this sale sets a new benchmark,'' says Urgitus.Spiral Development is the seller of the buildings - a combined135,144 sf - at 10002 and 10004 Park Meadows Drive, situated at theintersection of C-470 and Interstate 25.
The only regional deal that has exceeded this one is a $171 persf transaction that Peter Savoie, a Cushman Realty broker in theDenver office, says he quietly sold, with the lead tenant beingTime Warner Co.
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