REIT buys Sprint Nextel building in Inverness

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vivian e. vigil said:

I wish I was the one to purchase the both of them because if I did I'd make it into a low income housing project and let all my friends move in :)
CREJ said:

The project is anticipated to be completed in spring 2014.
Anonymous said:

When is this project expected to be finished?
JD Crouse said:

HI Kris, Loan Investing has been a wonderful strategy for my company over the last 5 years. I've been able to buy multiple loans in my own back yard from banks and sellers who had carried back a note. The returns have ranged from the low to high double digits with a high level of security (20 - 60 % LTV). I don't see loan sales slowing for a long time for no other reason that we have 20 years worth of FDIC 'loss-share' assets waiting to be disposed. Thanks for the article! JD Crouse http://LoanInvestingBlueprint.com

02 July 2012 | Posted in Office, Denver Market

Newton, Mass.-based Select Income REIT bought the Sprint Nextel building in Inverness Business Park for $18.9 million, according to public records.

Square Six Partnership LLP sold the approximately 140,200-square-foot building at 333 Inverness Drive S. in Englewood. Jones Lang LaSalle investment brokers Mary Sullivan and John Jugl handled the transaction.

Sprint Nextel has operated a call center in the building for several years.

See the July 4-17 issue of CREJ for more details.

View all posts by Jill Jamieson-Nichols

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, medical office and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor.

Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo.

When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found skiing, exploring the outdoors with her dogs, playing the piano, reading, or learning computer graphics.

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