{"id":1004207094,"date":"2018-02-15T05:44:18","date_gmt":"2018-02-15T13:44:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207094"},"modified":"2022-12-09T02:31:43","modified_gmt":"2022-12-09T10:31:43","slug":"cress-capital-snags-co-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/","title":{"rendered":"Cress Capital Snags CO Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004207097\" style=\"width: 336px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004207097\" data-attachment-id=\"1004207097\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/cress-capital-orchard-pointe\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Cress Capital&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Commercial Real Estate Investment Firm Cress Capital, in partnership with Revesco Properties, today announced the purchase of Orchard Pointe, a 121,000 square-foot, multi-tenant office building in Greenwood Village, Colo. in the Denver Technology Center (DTC), from TA Realty. (PRNewsfoto\/Cress Capital)&quot;,&quot;created_timestamp&quot;:&quot;1518480000&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&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;Cress Capital Orchard-Pointe&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Cress Capital Orchard-Pointe\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Orchard Pointe, Greenwood Village, Colo.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg?w=800\" class=\"wp-image-1004207097\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\" alt=\"Orchard Pointe, Greenwood Village, Colo.\" width=\"326\" height=\"253\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 326px) 100vw, 326px\" \/><\/a><p id=\"caption-attachment-1004207097\" class=\"wp-caption-text\">Orchard Pointe, Greenwood Village, Colo.<\/p><\/div>\n<p>Cress Capital, in a partnership with Revesco Properties, has acquired Orchard Pointe, a multi-tenant office property in Greenwood Village, Colo. The partnership purchased the building from TA Realty for $16.6 million, according to Yardi Matrix, and the\u00a0sale was subject to a $13.2 million loan held by Zions Bank. In December, Cress\u00a0also purchased\u00a0Union Tower, a 210,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cress-capital-buys-25m-denver-office\/\">office building in Lakewood<\/a>, Colo., from TA Realty.\u00a0 \u00a0<\/p>\n<p>Cress sourced and led the transaction and will oversee asset management, while Revesco will provide property management services through its subsidiary, Revesco Property Services.<\/p>\n<h2>Booming Office Submarket\u00a0<\/h2>\n<p>Located in the Denver Technology Center at 8480 East Orchard Road, the six-story building was originally constructed in 1984. Comprising 120,873 square feet, the property offers 295 parking spaces, common area Wi-Fi and three passenger elevators. Current tenants include Pinnacle Plus Financial, Regus,\u00a0Jewell Insurance, Doida Law, PRO Group and more.\u00a0<\/p>\n<p>The property was purchased by TA Realty in 2011 from Guggenheim Real Estate for $13.6 million, according to Yardi Matrix. The company invested more than $1.3 million in capital improvements and the new owners plan on continuing that plan by making cosmetic enhancements to the lobby, corridors, elevators and improving asset amenities.\u00a0<\/p>\n<p><em>&#8220;Differentiators are key in any market, but especially in the largest office submarket in the\u00a0<span class=\"xn-location\">Denver<\/span>\u00a0Metro,&#8221; <\/em>said\u00a0<span class=\"xn-person\">Tom Parnell<\/span>, partner at Cress, in prepared remarks. <em>&#8220;The location and ease of access of Orchard Pointe really set it apart from its competition. Flexible and efficient floor plates combined with incredible views, covered parking and walkable amenities were also big factors in our investment decision.&#8221;<\/em><\/p>\n<p>Orchard Pointe offers close access to the Interstate 25\/Orchard Road interchange, two light rail stations and nearby retail such as Starbucks and Del Friscos steakhouse.\u00a0<\/p>\n<p><em>Image courtesy of Cress Capital\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a partnership with Revesco Properties, the firm invested $16.6 million in acquiring Orchard Pointe, an office building in the Denver Technology Center, located in Greenwood Village. <\/p>\n","protected":false},"author":746,"featured_media":1004207097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21742,21747,15],"tags":[35947,38839,32822],"class_list":["post-1004207094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-office","category-west","tag-cress-capital","tag-revesco-properties","tag-ta-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cress Capital Snags CO Office Asset - 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\/cress-capital-snags-co-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cress Capital Snags CO Office Asset\" \/>\n<meta property=\"og:description\" content=\"In a partnership with Revesco Properties, the firm invested $16.6 million in acquiring Orchard Pointe, an office building in the Denver Technology Center, located in Greenwood Village.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/\" \/>\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=\"2018-02-15T13:44:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:31:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/\",\"name\":\"Cress Capital Snags CO Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\",\"datePublished\":\"2018-02-15T13:44:18+00:00\",\"dateModified\":\"2022-12-09T10:31:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg\",\"width\":800,\"height\":620,\"caption\":\"Orchard Pointe, Greenwood Village, Colo.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cress Capital Snags CO Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cress Capital Snags CO Office Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"Cress Capital Snags CO Office Asset","og_description":"In a partnership with Revesco Properties, the firm invested $16.6 million in acquiring Orchard Pointe, an office building in the Denver Technology Center, located in Greenwood Village.","og_url":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-02-15T13:44:18+00:00","article_modified_time":"2022-12-09T10:31:43+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/","name":"Cress Capital Snags CO Office Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg","datePublished":"2018-02-15T13:44:18+00:00","dateModified":"2022-12-09T10:31:43+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg","width":800,"height":620,"caption":"Orchard Pointe, Greenwood Village, Colo."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cress-capital-snags-co-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cress Capital Snags CO Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Orchard-Pointe-Greenwood-Village-Colo..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004207094"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207094\/revisions"}],"predecessor-version":[{"id":1004207253,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004207094\/revisions\/1004207253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004207097"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004207094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004207094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004207094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}