Colorado Real Estate Journal -
Aurora Corporate Plaza, a 336,053-square-foot office campus at the southeast corner of South Peoria Street and East Iliff Avenue, sold for $10 million, according to public records. The five-building office park houses back-office operations for large credit tenants including Janus and Oppenheimer Funds, and also is home to Merrick & Co., Acosta Sales & Marketing and other tenants. It was renovated prior to being taken over by the seller, Capmark Bank. A local group called ADRE Investments LLC purchased the asset. A member of the limited liability company couldn’t be reached for comment on the transaction. CB Richard Ellis brokers Riki Hashimoto and Dan Grooters represented Capmark Bank. Aurora Corporate Plaza is located on 29.99 acres at 2400- 2450 S. Peoria St. and 12100- 12250 E. Iliff. Built in 1983 and 1986, its two- and four-story buildings range from 32,747 to 106,638 sf. The park includes common conference and fitness facilities and an on-site deli, and is close to public transportation, shopping and restaurants. Engineering firm Merrick & Co. is the largest user, occupying approximately 77,000 sf at 2450 S. Peoria. The office park’s occupancy at the time of the sale was approximately 72 percent, about the same as it was when investor Marcel Arsenault’s company sold it to Crow Holdings in early 2008. The price at that time was $27.5 million.