A Korean institutional investor paid $113.46 million for the CoBank Center in Greenwood Village in December. (Image courtesy of CBRE)
, the 11-story Greenwood Village office tower that houses the agricultural cooperative bank’s headquarters, has been sold for $113.46 million to a Korean institutional investor.
The name of the investor was not disclosed, but the transaction, completed in December, marked the single largest office building sale in suburban Denver in 2015, as well as the first Asian-based capital commercial investment into Colorado’s office market, according to CBRE, which represented the seller, Shea Properties, in the deal.
The 274,287-square-foot tower at 6340 S. Fiddlers Green Circle has been home to CoBank since it was completed in fall 2015.
CoBank Center is the second building in along Interstate 25 between Orchard and Arapahoe roads. Amenities in the LEED Silver-certified building include a full-service cafeteria, wellness center and 2,500-square-foot data center.
“CoBank Center stands out as one of the premier Class A headquarters development projects in the nation,” said Jeff Shell, executive vice president with CBRE’s Corporate Capital Markets in Grosse Pointe, Mich., in a statement. “The state-of-the-art building combines sustainable design with the latest technologies while enjoying panoramic mountain views in a location with walkable access to dining, entertainment and light-rail transit.
“The core attributes of the building combined with CoBank’s tenancy and the area’s strong fundamentals helped to capture the interest of the Korean investor. “
