September 22, 2021 1:30 PM
Newmark announces the $59.1 million sale of 105 Edgeview, a 186,231-square-foot, Class A office asset in the Interlocken Advanced Technology Environment in Broomfield, Colorado. Newmark Vice Chairman John Jugl and Director John Gustafson represented the seller Invesco Real Estate, a global real estate investment manager, in the transaction to an undisclosed buyer.
105 Edgeview is 100% leased to eight tenants and is anchored by Gogo Inc., a leading global aero-communications service providing which will establish aviation's first and only 5G air to ground (ATG) network in 2022.
"The US 36 Corridor continues to see strong demand from investors; this dynamic translated to a competitive process with offers from REITs, institutional capital, private equity and domestic and international family offices," said Jugl.
Completed in 2012, the building is one of the newer buildings in Northwest Denver and is certified as LEED Platinum with unique sustainable design elements. Strategically located in the heart of the Denver-Boulder corridor and with high visibility from US-36, 105 Edgeview provides immediate access to major arterials as well as one of the most educated workforces in the country.
"The strength of the US 36 Corridor is driven by the evolving demographics and growing population which has led to the addition of new schools, recreation centers, restaurants and other amenities. Combined with proximity to Boulder and Denver, US 36 Corridor companies have convenient access to the area's workforce, which is becoming more important to businesses and their employees seeking shorter commuting times," concluded Gustafson.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $85.2 billion in real estate assets under management, 592 employees and 21 regional offices across the U.S., Europe and Asia (as of June 30, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. In 2020, Newmark generated revenues in excess of $1.9 billion. Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. To learn more, visit nmrk.com or follow @newmark.
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