September 27, 2016
NGKF completed the $122-million sale of CH2M’s global HQ in Englewood, CO. The buyer was New York-based Angelo, Gordon & Co., while the seller was Brooklyn, NY-based Columbia Property Trust.
The transaction involves a 370,485-square-foot, three-building office campus that’s 100% leased to the engineering and construction firm until 2032. The asset was built in 2002 for CH2M on nearly 22 acres within Meridian International Business Center, where Columbia still owns a fourth vacant building that’s also on the market.
NGKF’s Capital Markets team in Los Angeles, Kevin Shannon, Ken White, Laura Stumm, along with Colorado counterpart, Dave Tilton, and a NGKF leasing team of Jamie Gard and Jeff Castleton, collaborated to represent the seller. The buyer was self-represented.
NGKF’s David Milestone and Brett Green arranged the debt on behalf of the buyer.
For comments, questions or concerns, please contact Dennis Kaiser