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Former Avaya Campus Changes Hands

JV To Redevelop Westminster Industrial Complex
November 29, 2012
Avaya Communications sold 1200 W. 120th Ave. in Westminster, CO, to IBC Holdings and Long Wharf Partners LLC. The sale price was undisclosed.

The 1.19 million-square-foot industrial campus was delivered in 1970 in the North Denver Industrial submarket. The property includes 20 docks and six drive-ins.

IBC plans to reposition the campus for bulk warehouse, light industrial and office space users. It will demolish approximately 400,000 square feet and have 40 acres for future expansion.

Jason Addlesperger and David Lee of Newmark Knight Frank Frederick Ross represented both sides.

For more information, please see CoStar COMPS #2602649.

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