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Page 4 — COLORADO REAL ESTATE JOURNAL — January 21-February 3, 2015
Greater Denver
by Jill Jamieson-Nichols
CapRidge Partners, which
recently acquired its first asset
in Denver, has added two
more southeast suburban office
buildings to its portfolio.
Austin-based CapRidge paid
$24.05 million to CBRE Glob-
al Investors for The Terrace
Building at 5575 DTC Park-
way in Greenwood Village and
4949 S. Syracuse St. in Denver,
according to public records.
“We think they are very
nice properties in great loca-
tions, and they also have a
lot of upside potential with
some additional attention and
upgrades,” said Tom Stacy,
CapRidge founding partner.
The Terrace Building is a
181,763-square-foot building
that was approximately 70 per-
cent occupied, while 4949 S.
Syracuse is a 64,713-sf asset
with occupancy of 64 percent.
The building at 4949 S. Syracuse St. is just off Interstate 25 and East Belleview Ave.
The Terrace Building is located at the base of the Orchard light-rail sta-
tion’s pedestrian bridge.
Jonathan Stern, Publisher & Founder
Jennifer Hayes, Editor
Jill Jamieson-Nichols, Editor
John Rebchook, Editor
Kris Oppermann Stern, Editor
Michelle Askeland, Special Sections Editor
Ryan Gager, Special Sections Editor
Lori Golightly, Director of Client Services
Jill Harris, Circulation Manager
Production/Graphic Design:
Jennifer Steidley
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(ISSN 1060-4383) Vol. 24 No. 2