Highlands Ranch Office Buildings Sell For $14.5M
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Two office buildings at Highlands Ranch Business Park have sold for $14.35M.
Plaza 200 and Plaza 300, which total 74,778 SF, were 99% occupied at the time of their sale to a private partnership. Encino, California-based KWC Highlands Ranch LLC, an entity controlled by Wilson Co., acquired the buildings from Lagomarsino Group.
“Plaza 200 and 300 provides an excellent opportunity to own high-quality product within a tight submarket that caters to the extensive amount of housing in Highlands Ranch and surrounding communities,” said Cushman & Wakefield Capital Markets Group Managing Director Aaron Johnson, who, with Managing Director Jon Hendrickson, facilitated the transaction. “Additionally, Highlands Ranch Business Park is predominately a net lease office market. Investors were attracted to the quality of the product, net lease structure, surrounding amenity base, continued growth and development and high demand in this location."
Highlands Ranch Business Park has numerous retail amenities, the recent development of a 33-acre medical campus, and an extensive executive and employee housing base to attract tenants.