REBusinessOnline

TerraCap Management Buys 381,466 SF Denver Corporate Center for $71.7M

DENVER — Estero, Fla.-based TerraCap Management, a privately held investment firm, has purchased Denver Corporate Center II & III, two eleven-story office buildings located within the Denver Tech Center in Denver. A joint venture between Bridge Investment Group Partners and DPC Cos. sold the assets for $71.7 million.

Situated along Interstates 25 and 225 and Belleview Light Rail Station, the property offers a total of 381,466 rentable square feet. TerraCap plans to continue the capital upgrade program that is currently underway at the asset.

Tim Richey and Charley Will of CBRE represented the seller. Citizens Bank provided debt financing for the buyer.

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