Colorado Real Estate Journal - August 3, 2016
A global investment manager that announced earlier this year it would build a North American headquarters in Denver acquired 25.12 acres in Interlocken Advanced Technology Environment, according to public records. The buyer, Partners Group Colorado Propco LLC, lists the same address as the Denver office of Partners Group, a Switzerland-based company with locations around the world. It paid $7.11 million for the land at 1200 Eldorado Blvd., according to Broomfield County records. A Partners Group spokeswoman said the company wasn’t commenting on the acquisition. The seller was CC Interlocken Inc., an affiliate of Miami-based Courtelis Co., which didn’t return a phone call. Newmark Grubb Knight Frank Executive Managing Director David Hart, who handled the transaction, declined comment. Partners Group has more than $50 billion in investment programs under management in private equity, real estate, infrastructure and debt. In 2015, almost half of its investments on behalf of international clients were made in North America. In March, it said it would build a headquarters in the Denver area to support continued growth of its Americas operations. The “purpose-built” campus, Partners Group said, will be capable of accommodating several hundred employees over time, with the first phase to be completed in 2018. “Our intention is to build a hub for our Americas activities in the same way that our headquarters in Zug, Switzerland, and our Singapore office serve as hubs for Partners Group in Europe and Asia,” Dr. Charles Dallara, partner and chairman of the Americas, said in a March 15 press release. “We will invest a significant amount of time and resources into building our Colorado campus, which is a reflection of our commitment to the Americas. We believe Colorado is a great fit for Partners Group and are excited to be able to offer our employees the option of working there.” At the time of the announcement, Partners Group employed approximately 150 people in the Americas and said, given the pace of growth of its North American business, it expected to broaden its U.S. team, with the Colorado campus serving as its main base for that expansion. Partners Group will maintain significant offices in New York, Houston and Sao Paulo, but said once the Colorado campus is complete, it will gradually relocate its San Francisco operations here. “With clients and investments located across the U.S., we chose Colorado because of its central location, as well as the high quality of life the state offers to our employees,” David Layton, partner and co-head of private equity, who will relocate from New York to lead the Americas headquarters, said back in March. “Denver is one of the fastest-growing cities in the U.S., with a highly educated workforce, and it is becoming a magnet for talented professionals who are seeking dynamic careers outside of the typical financial centers. In Colorado, we will create a unique campus culture at the heart of our Americas business.”