{"id":1004088918,"date":"2013-12-20T14:04:58","date_gmt":"2013-12-20T22:04:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=228126"},"modified":"2020-04-15T10:01:03","modified_gmt":"2020-04-15T18:01:03","slug":"gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels\/","title":{"rendered":"Gladstone Commercial Corporation Purchases Parkside Office Plaza; AWH Partners LLC to Acquire Eight Embassy Suites Hotels"},"content":{"rendered":"<p><em>By Gabriel Circiog, Associate Editor <\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Gladstone-Commercial-Corporation-Logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-228130\" title=\"GLADSTONE COMMERCIAL LOGO\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Gladstone-Commercial-Corporation-Logo.jpg\" alt=\"\" width=\"300\" height=\"19\" \/><\/a>Gladstone Commercial Corporation recently announced that it purchased Parkside Office Plaza, a 97,797-square-foot office building located in Englewood, Colorado.<\/p>\n<p>The Class A, three-story, single-tenant office building is leased to ViaSat Inc. through September 2021 and is the home of ViaSat\u2019s Exede Internet and other consumer broadband services. The LEED Gold property is located in the Inverness Business Park, a master-planned park in the southeast submarket of Denver.<\/p>\n<p>\u201cThis acquisition is consistent with our strategic decision to expand our acquisition efforts in both primary and secondary markets in the Western U.S.,\u201d says Andrew White, managing director of the company. \u201cThe Class A construction, strong tenancy and premiere location in Denver&#8217;s Southeast submarket will provide stable and attractive returns for our investors.\u201d<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Embassy-Suites-Colorado-Springs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-228131\" title=\"Welcome to the Colorado Sunshine and the Embassy Suites Hotel\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Embassy-Suites-Colorado-Springs.jpg\" alt=\"\" width=\"300\" height=\"144\" \/><\/a>In other real estate news, New York-based AWH Partners LLC recently announced it has placed eight Embassy Suites Hotels under contract for an undisclosed price and will close in January 2014. AWH Partners worked through a complicated bankruptcy process involving a quick, all-cash, no-contingency closing. The ownership group will invest more than $50 million in physical upgrades in order to complete a substantial repositioning to the portfolio over the next two years. The hotel management arm of AWH Partners, Spire Hospitality will manage the eight hotels. AWH Development, AWH Partners\u2019 in-house development arm will oversee renovations.<\/p>\n<p>The eight-hotel portfolio includes the Embassy Suites Colorado Springs and Embassy Suites Denver. Talking about the acquisition, Russ Flicker, principal AWH Partners, said: \u201cThe acquisition of this portfolio marks a banner year for AWH and brings our investment in hotels to more than $400 million and 3,700 keys since 2011. We are very excited about the opportunities for growth in 2014 in hospitality and beyond.\u201d<\/p>\n<p>For more Denver market data, <strong><a href=\"https:\/\/www.multihousingnews.com\/\" target=\"_blank\" rel=\"nofollow\" news\/market-snapshot-transit-oriented-development-takes-off-in-denver-boosting-supply\/1004075636.html\" >click here<\/a><\/strong>.<\/p>\n<p>Logo Courtesy of: <em>Gladstone Commercial Corporation<\/em>.<\/p>\n<p>Photo Courtesy of: <em>https:\/\/embassysuites3.hilton.com<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gladstone Commercial Corporation recently announced that it purchased Parkside Office Plaza, a 97,797-square-foot office building located in Englewood, Colorado.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[1815],"class_list":["post-1004088918","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gladstone Commercial Corporation Purchases Parkside Office Plaza; AWH Partners LLC to Acquire Eight Embassy Suites Hotels - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gladstone Commercial Corporation Purchases Parkside Office Plaza; AWH Partners LLC to Acquire Eight Embassy Suites Hotels\" \/>\n<meta property=\"og:description\" content=\"Gladstone Commercial Corporation recently announced that it purchased Parkside Office Plaza, a 97,797-square-foot office building located in Englewood, Colorado.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-20T22:04:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-15T18:01:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Gladstone-Commercial-Corporation-Logo.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/gladstone-commercial-corporation-purchases-parkside-office-plaza-awh-partners-llc-to-acquire-eight-embassy-suites-hotels\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Gladstone Commercial Corporation Purchases Parkside Office Plaza; 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