Drawbridge Realty Buys $106M Denver-Area Office Building

9151 E. Panorama Circle. Image courtesy of Drawbridge Realy

Drawbridge Realty has purchased one of the Arrow Buildings at Dry Creek Station in Englewood, Colo., for $106 million. The 223,177-square-foot Class A development serves as Arrow Electronics’ long-term headquarters. The seller was Warba Bank, according to CommercialEdge.

The seller purchased the eight-story property in 2017, subsequently to the development’s completion earlier that year, for $87 million. The building features an on-site cafe and fitness center, and a parking ratio of 6 spaces per 1,000 square feet, CommercialEdge data shows. The asset was also constructed to meet LEED Silver standards.

Located at 9151 E. Panorama Circle, the office building is some 16 miles southeast of downtown Denver via Interstate 25. Dry Creek light rail station is less than half a mile east of the office building, while Centennial Airport is some 3 miles in the same direction. Neighboring office buildings currently have tenants such as Comcast, Centura Health, ULA and Travelport. 

In January, Drawbridge Realty completed a $149 million refinancing secured by four fully leased office properties in Southern California and Austin, Texas. The refinancing gave the company additional capital for acquisitions such as 9151 E. Panorama Circle.