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Denver, CO– Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of 1500 Champa Street, a three-story, 138,000 square foot building in Denver, CO. The property functions as one of the most highly interconnected data centers in the Western United States. The transaction was handled by Associate Fred Mobley, Associate Charles Borges, and Market Leader Andrew Gross.
Matthews™ represented the buyer, IPI Partners (IPI), a global investment platform focused on acquiring technology and connectivity real estate assets. IPI purchased the data center with plans to further develop the center’s connectivity ecosystems and colocation capacity. Currently, the property can support approximately 10 megawatts of power and offers a robust “Meet-Me-Room”, a space telecommunications companies can physically connect to one another and exchange data.
“Data centers are growing exponentially in size, capability, and power making for a secure and profitable investment,” Gross said. “The transaction was executed efficiently and both parties were satisfied with the outcome.”
The seller, Morgan Reed Group, is an independent real estate holding group. The company had owned the property since 2006. Serving as one of two primary carrier-neutral telecommunications data centers in downtown Denver, 1500 Champa is a data hub for the Rocky Mountain region.
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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