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NGKF: Angelo Gordon Buys CH2M Headquarters for $122 Million

CH2M headquarters near Denver.

CH2M headquarters near Denver.

ENGLEWOOD, Colo. – NGKF Capital Markets has completed the $122 million sale of the CH2M global headquarters, a 370,485-square-foot, three-building office campus in Englewood, Colo. The property is 100 percent leased on a long-term basis to CH2M Hill Inc., one of the world’s leading engineering and construction firms.

Kevin Shannon, Ken White, and Laura Stumm of NGKF Capital Markets in Los Angeles, in cooperation with NGKF Colorado capital markets expert Dave Tilton and the NGKF leasing team of Jamie Gard and Jeff Castleton, represented the seller, Columbia Property Trust. The buyer, Angelo, Gordon & Co. represented itself. David Milestone and Brett Green of NGKF Capital Markets arranged the debt on behalf of the buyer.

“This long term leased headquarters facility provides the buyer with an exceptional and secure income stream with a globally recognized credit tenant. The attractive yield was augmented with a favorable debt component typical in today’s low interest environment for core assets. This best-in-class campus is also located in one of Denver’s best submarkets,” said NGKF’s President of West Coast Capital Markets Kevin Shannon.

Built in 2002 as a build-to-suit for CH2M, the property is situated on nearly 22 acres within Meridian International Business Center at on South Jamaica Street.

The CH2M headquarters is adjacent to the Interstate 25 and Colorado 470 Interchange and is within Denver’s Southeast suburban submarket which has been a prominent  headquarters location in the Denver metro region.

NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick.

Sept. 29, 2016 Realty News Report Copyright 2016

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