The owner of a large suburban office complex in Centennial has defaulted on its loan.
The $133 million loan for six buildings within Panorama Corporate Center matured last June, meaning it needed to be paid off that month, according to commercial real estate loan-tracking firm Trepp.
The loan was not paid off. According to Trepp, it was recently transferred to special servicing. Special servicers are essentially negotiators brought in when a lender is concerned about an asset.
Panorama Corporate Center is located southwest of the Interstate 25-Dry Creek Road interchange. The six office buildings totaling 780,000 square feet are owned by Denver-based Sagard Real Estate, which paid $190.6 million for them in 2016.
Tenants include United Launch Alliance and Comcast, according to Trepp.
Sagard, formerly known as EverWest Real Estate, declined to comment.
The 2016 deal also included a 6-acre development site, which records show Sagard sold to Memphis, Tennessee-based Mid-America Apartment Communities for $23 million in 2022.
Read more from our partner, .
