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DENVER-Preferred Properties Ltd., a California-based investment company, has paid $5.1 million for the 87,995-sf Southeast Business Center. The sales price amounts to about $58 per sf.

Southeast Business Center is at 14100 and 14190 E. Jewell Ave. The 21-year-old complex features multiple loading options and private entries.

Preferred Properties bought the complex directly from Chicago-based First Industrial Realty Inc. David Fried and Matthew DeBartolomeis of First Industrial brokered the deal.

First Industrial is the nation’s largest provider and manager of diversified industrial real estate. It currently owns, operates and manages 84 million sf. Of that, 4.5 million sf is in Colorado.

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