Westport Capital Partners Invests in Second Denver Asset
DENVER, November 2, 2017 – An entity owned by a fund managed by Westport Capital Partners LLC, a real estate investment firm, has acquired 10700 and 10800 East Geddes Avenue in Englewood, Colorado, from Colony Northstar, Inc. The 185,957 square foot two-property office center is located east of the Interstate 25 and Dry Creek interchange in the Inova Dry Creek Business Park. Ryan Stout, Nate Bradley and Zach Williams of Cushman & Wakefield have been hired as the exclusive leasing agents for the office property.
“We are pleased to add to our Denver portfolio and look forward to transforming this great asset,” said Russel Bernard, Westport’s Managing Principal.
With the purchase of this project Westport Capital Partners adds an additional value-add property to their Denver market portfolio. They purchased 7100 East Belleview Avenue in Greenwood Village, Colorado, in December 2015 and have since transformed the building. The upgrades include a new lobby boasting modern artwork, soft seating and shuffle board, an outdoor tenant pavilion, a conference facility with new technology, a fitness facility with showers and lockers and an on-site deli. Westport Capital Partners plans a similar total renovation for the Geddes project, along with a complete rebrand.
“There is a lot of exciting growth happening in the Southeast market in Denver and much of this growth is moving towards projects featuring modern tenant amenities, which is what we intend to bring here,” said Sean Armstrong, Principal & Portfolio Manager at Westport Capital Partners. “Along with a major renovation, we are pleased to announce the rebrand of 10700 and 10800 Geddes as ‘Inova Corporate Center’. In partnership with Inova Dry Creek, we will be offering united tenant amenities such as a light rail shuttle and rotating food trucks for tenants.”
“We are looking forward to the opportunity to partner with Westport Capital Partners to reposition and stabilize a well-located asset in a newly reactivated and highly sought-after market,” said Ryan Stout of Cushman & Wakefield.
About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic, value-add and core-plus real estate arenas. Westport provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of value-add, opportunistic and core-plus real estate assets. The firm has offices in Wilton, Connecticut; Los Angeles, California; Bozeman, Montana; and London, England. For more information regarding Westport Capital Partners LLC, visit www.westportcp.com.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.