Beacon Capital paid $81.6 million for the property at 1515Arapahoe St. Park Central was built in 1973 and today is 99% leasedwith tenants including Qwest Communications, Barrett Resources, theColorado Department of Labor, RNL Design and the Palominorestaurant.
Means-Knaus will manage and lease Park Central, which was soldby Lowe Enterprises, which spent a substantial amount of moneybringing the building up to class-A stature.
"This service agreement represents the inception of a strategicgrowth initiative for our company to enter Colorado," says DouglasA. Knaus, Means-Knaus principal. "It is our intention to expand ourcommercial development, leasing, and management expertise in theColorado markets. We will begin our expansion by opening aMeans-Knaus office to provide on-site management of the ParkCentral building."
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