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8/15/22
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A 6.31-acre site in the heart of the Denver Tech Center submarket traded hands for $23 mil. The land, which was sold by a joint venture between EverWest and Independencia Asset Management, will be used for the planned development of a new Class A, mixed-use multifamily community.
The land site is located at 7700 S. Chester St in Centennial, minutes from the I-25 / Dry Creek Rd interchange and less than 15 miles south of downtown Denver. The Denver Tech Center submarket serves as a major urban / suburban commercial hub, home to notable Fortune-level employers and at the center of a highly educated employee pool.
Martin Roth and Eric Roth of CBRE represented EverWest and Independencia in the sale transaction.
“This is a superior transit-oriented site, located adjacent to light rail and surrounded by office development, which provides built-in residential renter demand,” said EverWest Executive Vice President Krystal Arcenaux. “These fundamentals, along with Denver’s ongoing strong job growth, create a prime scenario for the new landowner and their multifamily development plans.”
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