December 13, 2017
Waterpark II and III, two Class A office properties at 2350 – 2550 S. Parker Road in Aurora, CO, traded hands. Colorado-based investor Matrix Group Inc. sold the pair of properties, totaling 210,848 square feet, to Kaiser Permanente, which owns Waterpark I, for an undisclosed price.
The assets, built in 1982 and 1984, are 97.2% occupied with 60% of the space leased by Kaiser Permanente. Matrix Group Inc. purchased the two buildings in 2010 for $14 million. The sale of these two properties gives Kaiser Permanente full ownership of the Waterpark Campus.
Transwestern’s Brad Cohen and Larry Thiel advised the seller.
For comments, questions or concerns, please contact Dennis Kaiser