North Beacon Capital Acquires 1687 Cole Boulevard In Lakewood For $32.7 Million

North Beacon Capital has acquired an office building known as Cole Center, located at 1687 Cole Blvd, Golden, CO. The asset was sold for $32,700,000. The property encompasses 155,610 square feet of renovated multi-tenant office space and was renovated in 2021. The facility includes several amenities such as an outdoor plaza with covered seating, subterranean parking for 201 vehicles, a new fitness center equipped with showers and lockers, and on-site bike storage. At the time of the sale, the property was 88 percent leased, with 75 percent of the tenants classified as investment grade.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $32,700,000.00
• Address: 1687 Cole BLVD, Golden, CO, 80401
• Market: Lakewood
• Square Footage: 155,610
• Seller's Representative: Larry Thiel & Jason Schmidt - JLL
• Buyer: North Beacon Capital

Bancroft Capital and Viking Partners were the sellers involved in this transaction, handling the sale of the recently renovated Cole Center. Larry Thiel and Jason Schmidt of JLL Capital Markets effectively represented the sellers throughout the negotiation process, underscoring their role in facilitating the sale to North Beacon Capital.