Colorado Real Estate Journal - December 20, 2017
A 153,985-square-foot office building that was repositioned by its owner sold for $20 million. F6F, a private investment group consisting of Vincent Rieger, a Denver native and Montana attorney, purchased Belcaro Place at 3810 E. Florida Ave. in Denver from a California private capital investment company. Barry Higgins, senior vice president investments in Marcus & Millichap’s Denver office, represented the seller. “At the time of the sale, the property was 97 percent occupied after being completely rehabbed and repositioned within the marketplace,” Higgins said. Most of the investors in F6F also are part of the group that owns the Colorado Club office building at 4155 E. Jewell Ave., a mile away from Belcaro Place. “Belcaro Place is a centrally located office asset that provides new ownership with stability and operational synergies with the Colorado Club,” said Brian C. Smith, also a Marcus & Millichap vice president investments, who procured the buyer. Belcaro Place is three blocks from the Colorado Boulevard Interstate 25 interchange and within 2 miles of the Cherry Creek shopping and entertainment district. Other News CliftonLarsonAllen LLP leased 26,100 square feet of office space at 8390 E. Crescent Parkway in Greenwood village. Andrew Blaustein, Matthew Davidson and Josh Pons of Newmark Knight Frank represented the tenant. Stream Reality Partners represented the landlord, American National Insurance Co. PayTech Inc. signed a lease with landlord ML East Tufts LLC for 15,605 sf of office space at 7979 E. Tufts Ave. in Denver. Newmark Knight Frank’s Jamie Gard represented the landlord. Colliers International represented the tenant.