DALLAS, Nov. 18, 2014 /PRNewswire/ -- Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on a 2-story, 136,954 square foot office building in Centennial, Colorado, a suburb of Denver. The building, located at 6901 South Havana Street, was purchased as part of a joint venture with Middleton Partners and sold by Dividend Capital.
"Our office portfolio has grown substantially this year," said Mark Cypert, President of Encore Office. "With the purchase and scheduled renovation of 6901 South Havana, we will be ending the fourth quarter in a strong position."
The building will undergo extensive renovations to both the interior and exterior of the property. Updates will begin first quarter 2015, and include parking surface improvements, a new building entry, interior modernization, increased signage and enhanced landscaping.
"6901 South Havana offers one of the largest contiguous blocks of office space in Denver's strong Southeast Suburban submarket," said Bharat Sangani, Chairman of Encore Enterprises. "The property currently features abundant parking, large floor plates, multi-functional meeting rooms, a full-service cafeteria, and a variety of recreational amenities. The property's premier location coupled with its fantastic amenities really make it stand out, and we are certain this will translate into new leases."
The 18-acre site is large enough to also accommodate potential additional developments in the future, and has the ability to park up to a 7.5/1000 parking ratio.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz, or call (214) 259-7000.
About Encore Office, LLC.
Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class "A" commercial office buildings across the United States. For more information about Encore Office, LLC visit www.encore.bz/office, or call (214) 259-7000.
SOURCE Encore Office, LLC