print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Digital Realty Trust Sells Stanford Place II

TIAA-CREF Buys Class A Denver Tech Center Site for $60M
August 21, 2006
TIAA-CREF acquired the 366,184-square-foot Stanford Place II building at 7979 East Tufts Ave. in Denver for $60.42 million, or $165 per square foot.

Located in the heart of the prestigious Denver Technological Center, the 17-story, Class A office building is on 5.61 acres.

Tim Richey and Mike Winn of Cushman & Wakefield represented the seller, Digital Realty Trust, which netted about $18 million profit from the sale. The buyer was represented in-house.

The Stanford Place II sale was part of a series of transactions by Digital Realty Trust, which recently acquired a 347,000-square-foot Internet data facility in Phoenix for $175 million, a 263,000-square-foot data center in Fort Worth, TX for $50.6 million, and a two-building, 33,000-square-foot complex overseas in Amsterdam, The Netherlands for $11.3 million. The Fort Worth facility is fully leased to Savvis Corp. for the next 15 years.
GET IN TOUCH        Contact CoStar News Team:   News@CoStar.com

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News