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Page 4 — COLORADO REAL ESTATE JOURNAL — March 18-March 31, 2015
Greater Denver
by Jill Jamieson-Nichols
A pair of buildings leased to
defense contractor Raytheon Co.
sold to a Boston-based company
for $25.3 million.
Tritower Financial Group’s
acquisition comprised 174,924
square feet of Class A office and
flex space at 16430 and 16470 E.
Hughes Drive in Aurora. UBS
Realty Investors LLC was the
seller.
The buildings were built for
Raytheon in 2001 and constitute
Tritower Financial’s first acquisi-
tion in the Denver area.
“We will be expanding our
footprint in metro Denver. We’re
looking at some other assets in
Denver,” said Tritower Financial
Group partner and Director of
Acquisitions Tod Brainard.
“We really like the knowledge
economy that
resides in
metro Denver,
and also in
Fort Collins,”
said Brainard,
who added
the region
is a national
leader in tech-
nology, “and
we think it’s
going to continue to do well
compared to other cities.”
In the case of the Raytheon
buildings, “We believe in invest-
ing in mission-critical facili-
ties associated with national
defense,” Brainard said. Raythe-
on has about 2,400 employees
in five buildings in Aurora who
support space command opera-
tions, including satellite surveil-
lance and communications, at
Buckley Air Force Base.
The three-story building at
16470E.HughesDrive comprises
105,221 sf of Class A office space.
The 16430 E. Hughes property
is a single-story, 70,703-sf flex
building that includes a data
center, cafeteria and other facili-
ties. The properties are located in
CentreTech Business Park.
Mary Sullivan and John Jugl of
HFF represented the seller in the
transaction.
Tritower Financial Group is a
real estate investment and man-
agement company formed in
2012 by longtime executives of
Franklin Street Properties Corp.
Tritower invests in real estate on
behalf of high-net-worth individ-
A single-story building at 16430 E. Hughes Drive in Aurora was purchased as part of Tritower Financial Group’s
first acquisition in the Denver metro area.
Tod Brainard
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. 6