Clayton Lane

February 23, 2016 Comments Off on Clayton Lane Sells to JV for $170M Views: 288 California News, Colorado, National News, West

Clayton Lane Sells to JV for $170M

San Diego developer OliverMcMillan has joined forces with Invesco Real Estate to acquire Clayton Lane, a 182,000-square-foot six-building retail property in Denver.

The joint venture paid $169.6 million to seller AmCap Inc., which had paid $96 million for the property in 2006.  Clayton Lane is located at University Boulevard and First Avenue in Cherry Creek, one of Denver’s high-end neighborhoods.

The new owners plan to redevelop the 5.4-acre site into a mixed-use property, complete with a pedestrian-friendly walkway.

Read More at Colorado Real Estate Journal

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