Property Type: 22 Building Class B Suburban Office Park;Comprised of 93 Acres

Address: 1546 Cole Blvd, Lakewood, CO
Size: 1,500,000 sf
Acquisition Date: 10/2014
Disposition Date: Unrealized
Projected Return Multiple: 1.9x
Occupancy – Going In: 62%
Occupancy – Current: 82%

Total Cap Ex: $10M to date; additional $15M scheduled near term

Business Plan
Due to historical undercapitalized ownership, repair existing tenant and broker relations, form strong relationships with local city officials, address deferred maintenance, improve operations efficiency and execute a comprehensive and strategic capital expenditure program.

Results
One of the biggest recent success stories in the Denver commercial real estate market; On track to double NOI within 3 years; on track to secure long term renewal with property’s largest tenant (130K sf); achieved 14% rental rate growth in 3 years; total of 400K sf renewed & 400K sf of new tenancy, 115+ lease transactions signed.

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