Drawbridge Drawn to SE Suburbs
Drawbridge Realty Trust assistant VP of investments Bill Doyle tells us the company's been tracking the Denver market and its economic recovery the past few years, "and were especially aware of the Southeast market’s ability to attract tenants seeking headquarters locations." Recently San Francisco-based Drawbridge made its first foray in the Southeast suburban submarket with the acquisition of 5970 Greenwood Plaza Blvd and 8051 E Maplewood Ave for $37M.
"The Southeast has seen robust growth over the last few years and these two long-term leased assets presented us the opportunity to finally enter the Denver market," Bill says, adding that the company wants to expand its footprint in Colorado. The buildings are part of a six-building, 36-acre corporate campus that a Goldman Sachs JV acquired in 2014; Goldman is retaining the other four buildings. CBRE's Tim Richey, Mike Winn and Chad Flynn repped the seller.