The Denver-area office properties involved in the transactionare the 140,290-sf Sheridan Center (80% occupied) in Denver and the111,741-sf Kellogg Building (100% occupied) in Littleton. ThePhoenix-area property is the 96,203-sf Arrowhead Fountains officebuilding (96% occupied) in Peoria. The individual per-sfacquisition prices were $76, $150 and $192, respectively. Kollmanaging principal Alan Airth says the management and leasing ofall three properties will be outsourced.

This is the seventh closing under AmeriVest's July 2006 purchase andsale agreement with Koll/PER, which calls for Koll/PER toacquire 1.74 million sf in 17 buildings in 12 properties inArizona, Colorado and Texas for $273 million. Three of the 12properties have yet to change hands. AmeriVest says a final closingwill be scheduled as loan assumption approval is received from itsmortgage lender.

Steve Suechting of Trammell Crow Co. in Denver heads up the teamof brokers that is handling the portfolio sale for AmeriVest. Whenthe transaction is completed, the Koll/PER venture will haveinvested equity capital of more than $200 million and hold totalassets of approximately $500 million. The assets expand the KollCo.'s overall real estate ownership portfolio to more than 4.3million sf of existing multi-tenant, light industrial and suburbanoffice buildings in Southern California, Las Vegas, Salt Lake Cityand the new markets it is entering with the AmeriVestacquisition.