Crown West Realty Completes Orchard Plaza Acquisition

Tyler Pacific Sells 157,540 – SF Flex for $130 PSF

By Steven Ferreira
CoStar Group

Crown West Realty LLC recently acquired Orchard Plaza I, II, III and IV in Greenwood Village from Tyler Pacific Inc. for $20.5 million, or about $130 per square foot.

The four single-story flex-office buildings at 8745-8775 E. Orchard Road in Greenwood Village total 157,540 square feet on 12 acres just east of I-25 in the Denver Technological Center. Crown West plans to renovate and upgrade the properties to better meet the needs of its existing tenant base.

Tim Richey and Chad Flynn of Cushman & Wakefield of Colorado represented both parties.

On the heels of its acquisition of Orchard Plaza, Crown West will open a Denver office on March 1 headed by asset manager Kevin F. Richey, a 25-year veteran of the Colorado market with previous positions at Columbine West LLC and Frederick Ross Co.

Please refer to COMP # 1242236 for further details.