{"id":1004576956,"date":"2022-04-20T03:41:18","date_gmt":"2022-04-20T11:41:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004576956"},"modified":"2022-12-08T19:33:51","modified_gmt":"2022-12-09T03:33:51","slug":"drawbridge-realty-buys-106m-denver-area-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-buys-106m-denver-area-office-building\/","title":{"rendered":"Drawbridge Realty Buys $106M Denver-Area Office Building"},"content":{"rendered":"
\"\"<\/a>

9151 E. Panorama Circle. Image courtesy of Drawbridge Realy<\/p><\/div>\n

Drawbridge Realty<\/strong> has purchased one of the Arrow Buildings at Dry Creek Station in Englewood, Colo., for $106 million. The 223,177-square-foot Class A development serves as Arrow Electronics<\/strong>\u2019 long-term headquarters. The seller was Warba Bank<\/strong>, according to CommercialEdge.<\/p>\n

The seller purchased the eight-story property in 2017, subsequently to the development\u2019s completion earlier that year, for $87 million. The building features an on-site cafe and fitness center, and a parking ratio of 6 spaces per 1,000 square feet, CommercialEdge data shows. The asset was also constructed to meet LEED Silver standards.<\/p>\n

Located at 9151 E. Panorama Circle, the office building is some 16 miles southeast of downtown Denver via Interstate 25. Dry Creek light rail station is less than half a mile east of the office building, while Centennial Airport is some 3 miles in the same direction. Neighboring office buildings currently have tenants such as Comcast, Centura Health, ULA and Travelport. <\/span><\/p>\n

In January, Drawbridge Realty completed a $149 million refinancing<\/a> secured by four fully leased office properties in Southern California and Austin, Texas. The refinancing gave the company additional capital for acquisitions such as 9151 E. Panorama Circle.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arrow Electronics\u2019 headquarters last traded in 2017, when Warba Bank acquired the property for $87 million.<\/p>\n","protected":false},"author":3142,"featured_media":1004576957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21808,22251,21783,21742,21747,15],"tags":[37444,35974],"class_list":["post-1004576956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-featured","category-in-focus","category-investment","category-latest","category-office","category-west","tag-drawbridge-realty","tag-warba-bank"],"acf":[],"yoast_head":"\nDrawbridge Realty Buys $106M Denver-Area Office Building - CPE<\/title>\n<meta name=\"description\" content=\"Drawbridge Realty bought the office building at 9151 E. 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