News

Evergreen Office Complex Sells For $3.2M

CBRE has sold Center at Evergreen, a two-building, multi-tenant office property at 2922 and 2942 Evergreen Parkway in Evergreen, for $3.2M.

Center at Evergreen sells for $3.2M.
Photo credit: CBRE
Center At Evergreen Sells For $3.2M.

CBRE’s Campbell Davis, James Brady and Patrick Devereaux represented the Texas-based seller. Good Signature Management, also of Texas, purchased the property in a sale that closed Nov. 7.

Built in 1980, Center at Evergreen totals 43K rentable SF across two low-rise buildings on a 3.2-acre lot. The property includes an eight-vehicle drive-thru facility used by patrons of U.S. Bank, the center’s largest and oldest tenant with nearly 30 years of occupancy.

More than 20 other businesses lease space in the buildings, representing banking/finance, law, insurance and wellness industries, among others. The property was 84% leased at the time of sale.

Center at Evergreen is located at the southeast intersection of Colorado State Highway 74 (Evergreen Parkway) and Lewis Ridge Road, about 25 miles west of downtown Denver.

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

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

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets