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Page 4 — COLORADO REAL ESTATE JOURNAL — March 4-March 17, 2015
Greater Denver
by Jill Jamieson-Nichols
An 83,058-square-foot office/
flex building in the heart of
Inverness Business Park traded
to anArizona company for $8.03
million.
Tucson-based Diamond Ven-
tures purchased 373 Inverness
from ScanlanKemberBard Cos.,
which substantially renovated
the property and signed leases
last year with two of the largest
tenants, Ampio Pharmaceuticals
and Rockwell Automation.
Overall occupancy was 81.5
percent at the time of the sale.
“This is our company’s first
acquisition in the Denver area.
We’re very excited about it,”
said Bill Kelley, Diamond Ven-
tures chief financial officer.
“We love
the location.
We love the
quality of the
building. We
think it’s a
very unique
design,” he
said. Kel-
ley said 373
I n v e r n e s s
offers an
attractive combination of office
and flex space as well as income
going forward, and Diamond
Ventures is optimistic about the
opportunity to lease up the last
15,000 sf of space.
“We think it’s a really well-
located property, and the inte-
rior improvements are nice,” he
said. In addition, 373 Inverness
is just off Interstate 25 and
County Line Road, within walk-
ing distance of a light-rail station
and the Inverness Golf Course.
“It just feels like a very good
place for an employer to locate,”
he said.
Geoff Baukol, senior vice
president in CBRE’s Investment
The building at 373 Inverness offers the buyer long-term tenancy as well as upside.
Bill Kelley
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. 5