NGKF Capital Markets has completed the $122 million sale of the CH2M Global Headquarters, a 370,485-square-foot, three-building office campus in Englewood, CO. The property is 100 percent leased on a long-term basis to CH2M Hill, Inc., one of the world’s leading engineering and construction firms.
Kevin Shannon, Ken White and Laura Stumm of NGKF Capital Markets in Los Angeles, in cooperation with NGKF Colorado capital markets expert Dave Tilton and the NGKF leasing team of Jamie Gard and Jeff Castleton, represented the seller, Columbia Property Trust. The buyer, Angelo, Gordon & Co. represented itself. David Milestone and Brett Green of NGKF Capital Markets arranged the debt on behalf of the buyer.
“This long term leased headquarters facility provides the buyer with an exceptional and secure income stream with a globally recognized credit tenant. The attractive yield was augmented with a favorable debt component typical in today’s low interest environment for core assets. This best-in-class campus is also located in one of Denver’s best submarkets,” said NGKF’s President of West Coast Capital Markets Kevin Shannon.
Built in 2002 as a build-to-suit for CH2M, the property is situated on nearly 22 acres within Meridian International Business Center at 9189, 9191, and 9193 South Jamaica Street. On-site amenities include a fitness facility with showers and lockers, a number of conference and training rooms, outdoor seating areas and a cafeteria. The tenant spaces feature high ceilings, quality finishes, and abundant large windows that provide natural light.
The CH2M headquarters is adjacent to the Interstate 25 and Colorado 470 Interchange and is within Denver’s Southeast suburban submarket which has been the preferred headquarters address within the Denver metro region.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.