Rosemont Realty Acquires Denver World Trade Center Office Complex in Dynamic Central Business District Acquisition adds 770,000-plus square feet to Rosemont Realty's growing portfolio
SANTA FE, N.M., April 18, 2013 /PRNewswire/ -- Rosemont Realty, LLC, a leading commercial real estate investment company with approximately 18 million square feet of commercial office space valued in excess of $1.8 billion, has acquired the two-building Denver World Trade Center (WTC) office towers in Denver, Colo.
Rosemont Realty purchased the Class A, 770,221 square foot office complex from I & G Denver WTC, LLC. The sales price was not disclosed.
"Denver WTC is an iconic, skyline property with a prestigious downtown address adjacent to the 16th street mall," said Daniel Burrell, CEO of Rosemont Realty. "This acquisition follows a broader strategy by Rosemont of migrating more of its portfolio into commercial business districts where tenant demand is improving and rates have the potential to grow rapidly in the coming years."
Denver WTC is currently leased at 95 percent occupancy with 55 tenants. Tenants include Noble Energy, Inc., Schlumberger Limited, KeyBank, Resolute Energy, Corp., and Baker Hughes, among others.
Rosemont Realty acquired the 165,154 square foot Cole Center in Golden, Colo., late last year. The company also owns two others commercial properties in Denver – Central Place and Diamond Hill, totaling nearly 1.4 million square feet statewide.
This year, Rosemont Realty has acquired three other office complexes totaling more than 1.3 million square feet, including the Concourse office complex in Jacksonville, Fla., Dulles View office complex in Herndon, Va., and 2000 Market Street in Philadelphia, Pa.
Rosemont Realty will provide property management services (Matt Vadovic at 303.513.3000) and Jones Lang LaSalle will handle leasing services (Andy Ross at 303.260.6504).
About Rosemont Realty, LLC
Headquartered in Santa Fe, New Mexico, Rosemont Realty, LLC, is a market leader in commercial real estate acquisition and asset management. The company has approximately 18 million square feet in more than 173 office buildings in 25 states across the United States, valued at more than $1.8 billion. Rosemont Realty has acquired approximately 4.6 million square feet of Class A and Class B office space valued at more than $750 million since August 2012.
Founded in 1991, Rosemont Realty has eight regional offices in Albuquerque, Atlanta, Dallas, Denver, Houston, New York, San Antonio and Washington, D.C. For more information, please visit RosemontRealty.com.
SOURCE Rosemont Realty, LLC