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San Francisco-based Graham Street Realty has acquired two multi-tenant office buildings in Englewood from San Diego-based Westcore Properties.
The combined 171,976 SF portfolio includes 384 Inverness at 384 Inverness Parkway in the Inverness Business Park and Pyramid Pointe at 9777 Pyramid Court in the Meridian Business Park.
The purchase marks the company’s third and fourth commercial properties in Colorado.
“We are excited about these new acquisitions, which are well-located relative to the new locus of executive and workforce housing in the southeast corridor, and we look forward to the opportunity to lease near-term rollover in a strong market,” Graham Street Realty co-Managing Principal David Messing said.
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Built in 1985, 384 Inverness was 96.4% occupied when the deal closed Dec. 15. The building offers suites ranging from 1K to 6,800 SF. Graham Street Realty plans to improve the property’s landscaping and lobby finishes and perform needed maintenance on the building’s parking lot.
Pyramid Pointe was built in 1995 and was 98% occupied when the deal closed. The building has office space ranging from 1K to 40K SF. Graham Street Realty plans to perform incremental upgrades to the building and re-lease impending vacancies this year.
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