CBRE Brokers Sale of 54,230-sq.-ft. Rangeview One Office Campus in Loveland
31 1 2020
CBRE announced the sale of Rangeview One, a 54,230-sq-ft office property located at 2725 Rocky Mountain Avenue in Loveland, Colo. James Brady, Campbell Davis and Patrick Devereaux of CBRE’s Denver office, along with Peter Kast and Peter Kelly of CBRE’s Fort Collins office, represented the seller, Terraview, LLC of Fort Collins, Colo. Pinnacle Properties Holding Company of Eugene, Ore., purchased the property in a sale that closed Jan. 30.
“The Rangeview campus representssome of the highest quality assets in the market, generating consistent and significant office user demand in a limited availability market,” stated Mr. Brady. “The property offers Class-A attractive architecture, custom tenant finishes, generous parking and adjacent community amenities. This attention to detail earned Rangeview One the prestigious 2002 NAIOP Office Development of the Year.”
Built in 2001, the LEED-certified property sits on 2.83 acres within the Centerra master planned community.
“The ability to quickly access I-25 gives Rangeview One exceptional regional access toNorthern Colorado’s workforce, while offering an office space with a lakefront location, a trail system and excellent mountain views,” added Mr. Kast.
Rangeview One is 97 percent occupied by 10 tenants. The property is located at the northwest corner of the I-25 and Highway 34 intersection in close proximity to the Medical Center of the Rockies, Boyd Lake State Park, downtown Loveland, The Outlets at Loveland and the Promenade Shops at Centerra.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.