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Lev Announces the Launch of Lev Match

Lev Announces the Launch of Lev Match
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Younan Properties Sells Colorado Office Park for $47M


Younan Properties Sells Colorado Office Park for $47M
Alturas Capital acquired the three-building asset south of Denver.
Feb052021
Image courtesy of CBRE
Younan Properties has sold NorthCreek Office Complex, a three-property park encompassing 325,208 rentable square feet in Colorado Springs, Colo. Alturas Capital acquired the asset for $46.6 million and Bellco Credit Union originated a 10-year, $34.2 million acquisition loan.
The trio of buildings previously traded in February 2015, when U.S. Bank sold them for $15.8 million, CommercialEdge shows. The lender had come to own the assets after it foreclosed on a $146.5 million CMBS loan originally issued for Corporate Office Properties Trust.
Located on 17 acres at 5725, 5755 and 5775 Mark Dabling Blvd., the three buildings were completed between 1984 and 1989. The property has an on-site café, a conference room, and a gym with locker rooms and showers. At the time of closing, the office comp ....

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Alturas Real Estate Fund Acquires Arizona Flex-Office Buildings


Alturas Real Estate Fund Acquires Arizona Flex-Office Buildings
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Alturas Capital Partners has added Allred Airport Center, two flex-office buildings, to the Alturas Real Estate Fund portfolio. The 94,545 square foot flex-tec/office complex is 100% occupied and is situated on 11.10 acres at 2150 E. Germann Road and 2200 E. Germann Road in Chandler, AZ.
CHANDLER, Ariz. (PRWEB)
December 23, 2020
Alturas Capital Partners has added Airport Center, two flex-office buildings, to the Alturas Real Estate Fund portfolio. The 94,545 square foot flex-tec/office complex is 100% occupied and is situated on 11.10 acres at 2150 E. Germann Road and 2200 E. Germann Road in Chandler, AZ.
Chandler is seen as the ultimate “live-work-play” environment and a central hub for the growing tech industry in metropolitan Phoenix. The asset is located near the Chandler Municipal Airport which provides l ....

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