{"id":1004367641,"date":"2019-11-13T01:38:03","date_gmt":"2019-11-13T09:38:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004367641"},"modified":"2022-03-06T03:28:29","modified_gmt":"2022-03-06T11:28:29","slug":"lowe-buys-class-a-office-tower-in-denver","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lowe-buys-class-a-office-tower-in-denver\/","title":{"rendered":"Lowe Buys Class A Office Tower in Denver"},"content":{"rendered":"<div id=\"attachment_1004367653\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004367653\" data-attachment-id=\"1004367653\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lowe-buys-class-a-office-tower-in-denver\/stanford-place-ii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg\" data-orig-size=\"410,512\" 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;0&quot;}\" data-image-title=\"Stanford Place II\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg?w=410\" class=\"wp-image-1004367653 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg\" alt=\"Stanford Place II\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg 410w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Stanford-Place-II.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004367653\" class=\"wp-caption-text\">Stanford Place II<\/p><\/div>\n<p>Lowe has acquired Stanford Place II, a Class A office tower in Denver totaling more than 366,000 square feet. The property, also known as 7979 E. Tufts, had previously changed hands for $56.1 million in 2014, when Broadshore Capital Partners purchased it from Nuveen Real Estate, per Yardi Matrix data. Lowe\u2019s Hospitality at Work has operated the property on behalf of the prior owner since 2014.<\/p>\n<p>Stanford Place II features 21,000-square-foot floorplates, nine-foot-high ceilings and ground-floor retail space. Lowe\u2019s Hospitality at Work has overseen a renovation plan to upgrade the building\u2019s systems, improve the common areas and enhance gathering spaces, as well as adding an outdoor place and a tenant Connect Room. Additionally, the company created and implemented a program of community-building events with the purpose of offering education, entertainment and team-building opportunities for the tenants.<\/p>\n<p>Located at 7979 E. Tufts Ave., on approximately 5.6 acres, in the Denver Tech Center, the property offers access to interstates 25 and 225 and to the Belleview Light Rail Station. The 18-story building provides convenient access to the Denver International Airport, situated approximately 30 miles away, and is surrounded by more than <a href=\"https:\/\/www.commercialsearch.com\/news\/denver-office-report-spring-2019\/\">10 million square feet of office space in the DTC<\/a>.<\/p>\n<p>Marty Caverly, Alan Chamorro, Mara Fabian and Andy Segal led Lowe\u2019s acquisition team, while CBRE\u2019s Mike Winn and Tim Richey represented the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 366,000-square-foot asset, which last changed hands in 2014, is situated in the Denver Tech Center.<\/p>\n","protected":false},"author":2518,"featured_media":1004367659,"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":[47789,32789,36098,43901],"class_list":["post-1004367641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-office","category-west","tag-broadshore-capital-partners","tag-cbre","tag-lowe-enterprises","tag-nuveen-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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