RiverRock-eting Into Denver

On the back of AEW Capital Management, RiverRock Real Estate Group has entered Denver with big plans to expand its presence here. RiverRock a property management firm out of California has taken over management of a 630k SF AEW office/industrial portfolio here, including The Centerra Building at 1873 S Bellaire St and Sheridan Center North at 1777 S Bellaire St. "We're definitely using this as a platform, as a springboard, into Denver," says RiverRock's Steve Core. (For any sci-fi nerds out there, think of it like a Stargate.) The firm's already hired a local staff as well.

Why Denver: Other than AEW wanted the firm to handle its stuff here (including Sheridan here). That's because a lot of institutional level investors are taking a real interest in Denver real estate now. After the recession passed and Denver rebounded in spades, many of RiverRock's institutional buyers are looking for property here. "You can still find some nice products at attractive rates," he says. "Our clients have just identified that there's value to be had out there." (It's also fun to watch Peyton Manning.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Oil Company Expands Again At Cash Register Building

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines