{"id":1094,"date":"2025-09-18T12:00:44","date_gmt":"2025-09-18T12:00:44","guid":{"rendered":"http:\/\/www.agencywebdesigners.com\/?p=1094"},"modified":"2025-09-18T14:25:50","modified_gmt":"2025-09-18T14:25:50","slug":"greenwood-village-based-real-estate-firm-acquires-corporate-25-office-campus-in-centennial","status":"publish","type":"post","link":"http:\/\/www.agencywebdesigners.com\/index.php\/2025\/09\/18\/greenwood-village-based-real-estate-firm-acquires-corporate-25-office-campus-in-centennial\/","title":{"rendered":"Greenwood Village-based real estate firm acquires Corporate 25 office campus in Centennial"},"content":{"rendered":"

Centennial\u2019s Corporate 25<\/a>, a three-building, multi-tenant office campus, has been acquired by Greenwood Village-based NexGen Properties<\/a>, a private real estate acquisition, development and investment firm, according to a Wednesday news release from global commercial real estate firm Cushman & Wakefield.<\/p>\n

At 7200 S. Alton Way, the 134,598-square-foot property was acquired in an all-cash transaction for an undisclosed price, well below the replacement cost.<\/p>\n

Cushman & Wakefield\u2019s Aaron Johnson and Jon Hendrickson represented the seller, San Francisco-based Graham Street Realty<\/a>, in the transaction.<\/p>\n

Greenwood Village-based NexGen Properties, a private real estate acquisition, development and investment firm, has acquired the Corporate 25 office campus in Centennial. (Photo provided by Cushman & Wakefield)\u201cCorporate 25 is a small-tenant office building that is exceptionally well located with direct visibility to I-25,\u201d said Johnson, executive director at Cushman & Wakefield.<\/p>\n

\u201cThe buyer pool was attracted to the quality of spec suites, common area improvements, strong historical occupancy levels and limited capital required for continued leasing success. These factors were supported by ongoing leasing momentum during the marketing process, solidifying the asset\u2019s position in the submarket.\u201d<\/p>\n

Originally constructed in 1980, the property is 90% leased to more than 40 tenants across a diverse range of industry sectors, including prominent organizations such as Westrian Group (JR Engineering), Hillary A Reed Interiors LTD, Fast Enterprises, Behavior Frontiers and FedEx.<\/p>\n

\u201cCorporate 25 presented NexGen Properties with an opportunity to acquire a well-located, amenity-rich office asset at a compelling basis,\u201d said Matt Bernstein, vice president of acquisitions and asset management at NexGen Properties.<\/p>\n

The property features adaptable floorplates designed for smaller tenants, with average suite sizes around 2,400 square feet. On-site amenities include a fitness facility equipped with showers and lockers, multiple shared conference rooms, building storage and outdoor private decks and rooftop patios.<\/p>\n

Recent capital improvements to Corporate 25 exceed $3.5 million, including elevator modernization, boiler replacement, parking lot upgrades and extensive tenant improvements.<\/p>\n

During Corporate 25\u2019s marketing period through closing, the building\u2019s occupancy increased from 83% to 90%, the news release said.<\/p>\n

Nearly 80% of all suites have been improved for immediate occupancy, minimizing tenant improvement costs during lease rollover.<\/p>\n

\u201cConsidering the challenging capital market conditions for office buildings, NexGen\u2019s ability to acquire Corporate 25 with all cash set us apart from the other bidders,\u201d said Travis McNeil, President of NexGen Properties.<\/p>\n