{"id":1004137902,"date":"2016-02-29T08:41:33","date_gmt":"2016-02-29T16:41:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137902"},"modified":"2020-05-18T11:05:51","modified_gmt":"2020-05-18T19:05:51","slug":"velocis-sells-metro-denver-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/velocis-sells-metro-denver-office-asset\/","title":{"rendered":"Velocis Sells Metro Denver Office Asset"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004137903\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004137903\" data-attachment-id=\"1004137903\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/velocis-sells-metro-denver-office-asset\/landmark-centre-hero\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg\" data-orig-size=\"800,450\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"landmark-centre-hero\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg?w=800\" class=\"wp-image-1004137903 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg\" alt=\"Landmark Centre, Denver\" width=\"300\" height=\"169\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/landmark-centre-hero.jpg?resize=768,432 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004137903\" class=\"wp-caption-text\">Landmark Centre, Denver<\/p><\/div>\n<p><strong>Denver<\/strong>\u2014<a href=\"https:\/\/www.velocis.com\/index.html\" rel=\"nofollow\" target=\"_blank\">Velocis<\/a> has parted ways with a 76,085-square-foot traditional office building in Denver\u2019s Greenwood Village submarket. The company sold the three-story Landmark Centre to Landmark Associates LLC, for an undisclosed price tag.<\/p>\n<p>Originally built in 1984 as a build-to-suit for Ford Motor Co., Landmark Centre was acquired by Velocis back in 2012. Since then, the Dallas-based company has renovated and upgraded the lobby, resealed the building\u2019s exterior and refinished the common areas.<\/p>\n<p>\u201cVelocis purchased this asset based on its prime location in a market with great demographics and near amenity-rich retail,\u201d Velocis Principal Mike Lewis said in a statement. \u201cThrough key property improvements, we were able to identify and unlock its value, achieving our goals for the investment while maintaining near 100 percent occupancy throughout our hold period.\u201d<\/p>\n<p>Located at 5460 S. Quebec St., Landmark Centre provides covered parking for all its tenants, a rare feature for a building of its size in Denver. The property also offers views of the Rocky Mountains, easy access to the I-25 and proximity to The Landmark high-end mixed-use development. The asset was 99.5 percent leased at the time of sale.<\/p>\n<p>Patrick Devereaux and Jason Schmidt of <a href=\"https:\/\/www.jll.com\/\" rel=\"nofollow\" target=\"_blank\">JLL<\/a> arranged the transaction on behalf of Velocis, while Basham &amp; Associates represented the buyer. Leasing and property management was handled by <a href=\"https:\/\/www.transwestern.net\/Pages\/default.aspx\" rel=\"nofollow\" target=\"_blank\">Transwestern<\/a> Property Co.<\/p>\n<p><em>Image courtesy of Velocis<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 76,085-square-foot office building has recently changed hands in metro Denver.<\/p>\n","protected":false},"author":192,"featured_media":1004137903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21742,21747,21785,15],"tags":[],"class_list":["post-1004137902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-office","category-property-management","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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