Griffin Capital Disposes of 191,368 SF Office Building in Denver Tech Center for $48.8M
DENVER — Griffin Capital Essential Asset REIT has completed the sale of a Class A office building located at 7601 Technology Way in Denver. An undisclosed real estate investment trust acquired the property for $48.8 million.
The seven-story, 191,368-square-foot property was 95 percent occupied at the time of sale. Jackson National Life Insurance Co. renewed a long-term lease and Zoom Video Communications executed a long-term lease for approximately 58,000 square feet of space at the asset.
Mike Winn and Tim Richey of CBRE Capital Markets represented the seller in the deal.