{"id":1004283419,"date":"2018-12-04T07:03:12","date_gmt":"2018-12-04T15:03:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283419"},"modified":"2022-12-08T23:52:51","modified_gmt":"2022-12-09T07:52:51","slug":"denver-office-building-changes-hands-for-13m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands-for-13m\/","title":{"rendered":"Denver Office Building Changes Hands for $13M"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004283422\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004283422\" data-attachment-id=\"1004283422\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands-for-13m\/church-ranch-office-building-ii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg\" data-orig-size=\"800,640\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Church Ranch Office Building II\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg?w=800\" class=\"wp-image-1004283422 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg\" alt=\"Church Ranch Office Building II\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004283422\" class=\"wp-caption-text\">Church Ranch Office Building II<\/p><\/div>\n<p>HFF has secured the sale of Church Ranch Office Building II, a roughly 63,000-square-foot office building in Westminster, Colo. Basham &amp; Associates Inc. worked on behalf of the buyer, a local private capital group. The property is fully leased to Staples Inc. According to public records, 101249 10249 Church Ranch Way LLC sold the asset for $12.5 million.<\/p>\n<p>Located at 10249 Church Ranch Way\u2014near Church Ranch Office Park Building IV\u2014the property is situated in the northwest office market, stretching from the outskirts of Denver up to Boulder, Colo. The office building offers convenient access to the area\u2019s transit systems, Highway 36 and various employment hubs including Broomfield, Westminster, Arvada, Boulder and Denver. &nbsp;<\/p>\n<p>The two-story building was built in 2000 and renovated in 2017. In April, Staples signed a new 130-month lease with two five-year options for 100 percent of the property. The company has invested more than $3.8 million of their own capital for the space.<\/p>\n<p>Director Jules Sherwood and Director Nate Perry were part of HFF\u2019s investment advisory team that represented the seller. In another recent deal, the company arranged a <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-construction-loan-for-denver-office-asset\/\">four-year construction loa<\/a>n for Block 162, a office tower in Denver.<\/p>\n<p><em>Image courtesy of Yardi Matrix <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Church Ranch Office Building II was built in 2000 and renovated in 2017. The office property is fully leased to Staples Inc. <\/p>\n","protected":false},"author":436,"featured_media":1004283422,"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":[32792,35635],"class_list":["post-1004283419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-office","category-west","tag-hff","tag-staples"],"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>Denver Office Building Changes Hands for $13M - 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\/denver-office-building-changes-hands-for-13m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Denver Office Building Changes Hands for $13M\" \/>\n<meta property=\"og:description\" content=\"The Church Ranch Office Building II was built in 2000 and renovated in 2017. The office property is fully leased to Staples Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/denver-office-building-changes-hands-for-13m\/\" \/>\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=\"2018-12-04T15:03:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:52:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Church-Ranch-Office-Building-II.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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\\\/denver-office-building-changes-hands-for-13m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands-for-13m\\\/\"},\"author\":{\"name\":\"Adina Rogoz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e376ba4add70694b922380ddbe946d8\"},\"headline\":\"Denver Office Building Changes Hands for $13M\",\"datePublished\":\"2018-12-04T15:03:12+00:00\",\"dateModified\":\"2022-12-09T07:52:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands-for-13m\\\/\"},\"wordCount\":215,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands-for-13m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/12\\\/Church-Ranch-Office-Building-II.jpg\",\"keywords\":[\"HFF\",\"Staples\"],\"articleSection\":[\"Deals\",\"Denver\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands-for-13m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/denver-office-building-changes-hands-for-13m\\\/\",\"name\":\"Denver Office Building Changes Hands for $13M - 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