Page 8 —
COLORADO REAL ESTATE JOURNAL
— September 21-October 4, 2016
Office
by Jill Jamieson-Nichols
A Denver company bought,
updated and sold an office
building at the Iliff light-rail
station in a deal that took 10
months from start to finish.
An affiliate of NexGen
Properties LLC sold the
74,040-square-foot building at
13900 E. Harvard Ave. in Auro-
ra to 2-10 Home Buyers Resale
Warranty Corp. for $5.33 mil-
lion, or $71.92 per sf. The buyer
will move its headquarters into
the entire building.
NexGen bought the three-
story building for $4 million,
or $54.02 per sf, and spent
$600,000 on capital improve-
ments.
“Owning this asset fulfilled
our business objectives as we
were able to reposition an asset
that had a bright future con-
sidering the location and over-
all quality of the building. It
just needed capital upgrades
and new ownership to reposi-
tion the property,” said Tra-
vis McNeil, vice president and
founder of NexGen Properties,
an entrepreneurial company
focused on creating value in
underperforming assets.
Immediately upon buying the
property, NexGen rebranded
the building as 13900 at Iliff Sta-
tion, upgraded common areas,
updated HVAC controls to
digital, replaced the roof, built
out a shared conference room
for tenants, upgraded light-
ing, implemented a speculative
suite program and rezoned the
property for transit-oriented
development.
by Jill Jamieson-Nichols
Eide Bailly will occupy the
seventh floor of One Belleview
Station, becoming the Class AA
building’s first tenant.
The accounting firm leased
29,704 square feet in the transit-
oriented development, which
is being developed by Prime
West and is slated for delivery
Dec. 1.
“We are pleased to welcome
Eide Bailly to the building,”
said Jim Neenan, Prime West
president and chief operating
officer. “Eide Bailly is an indus-
try leader in accounting and is
an excellent tenant to kick off
the project.”
Eide Bailly will consolidate
its Denver Tech Center and
Golden offices inOne Belleview
Station, which has immediate
access to the
B e l l e v i e w
light-rail sta-
tion.
Ryan Stout
and
Nate
B r a d l e y ,
m a n a g i n g
directors at
Cushman &
Wa k e f i e l d ,
represented
Prime West in the transaction.
Brendan Fisher and Charlie
Lutz of Cresa represented the
tenant.
“Denver has a vibrant, sophis-
ticated and growing business
community that we are proud
to serve,” said Brian Callahan,
partner in charge of Eide Bail-
ly’s Colorado offices. “One Bel-
leview Station will provide a
convenient and beautiful loca-
tion for our staff to work and
our clients to meet.”
One Belleview Station is a
318,000-sf building at 7001 E.
Belleview Ave. in Denver. It
includes a fitness facility with
showers and lockers, a train-
ing and conference facility,
ample covered parking and a
lobby coffee kiosk. An on-site,
upscale restaurant is expected
to be announced soon.
“Prime West has done an
incredible job bringing the
state-of-the-art TOD to life, and
we are seeing immense ten-
ant interest for this project,”
said Stout. “One Belleview Sta-
tion’s proximity to light rail
and numerous new amenities
within Belleview Station make
it very attractive for companies
Two-10 Home Buyers Resale Warranty Corp. will occupy the building at
13900 E. Harvard Ave. in Aurora.
One Belleview Station will be delivered Dec. 1.
Ryan Stout
