CapRidge Partners Buys Westmoor Place For $71.1M
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CapRidge Partners LLC has acquired Westmoor Place in Westminster in a deal valued at $71.1M.
The campus at 11400, 11300 and 11000 Westmore Circle in Denver’s northwest corridor totals 428,029 SF and is on more than 26 acres along U.S. 36 in an area that has more than 240 shops and restaurants at Flatirons Mall, The Shops at Walnut Creek and Westminster Promenade.
The northwest submarket has strong demographics with an average household income exceeding $111K — nearly 20% higher than the Colorado average — within 1 mile of the property.
The three- and four-story buildings are 79% leased to tenants including CACI International, Kahuna Ventures, Coalfire Systems and General Dynamics. Amenities on the campus include a full-service cafeteria, showers on every office floor, a fitness center, access to 3.5 miles of trails and open space, and an on-call shuttle.
“Westmoor Place provided the investor with a diverse rent roll leased to several large tenants with businesses focused in cybersecurity, healthcare and engineering,” said Holliday Fenoglio Fowler L.P. Senior Director Peter Merrion, who, with Senior Managing Director Mark Katz, represented the seller. “The quality of the buildings and tenancy offered a unique investment profile in Denver. The northwest market continues to see incredible activity and Westmoor Place will be well-suited to capture the continued demand of users in the market.”