As Seen In The Denver Business Journal Aug 5, 2013

Capping a busy July, Denver’s Etkin Johnson Group closed two fairly large deals for south metro Denver office buildings.

On Thursday, the real estate company announced it bought an 85,935-square-foot office building called Executive Center One, 11551 E. Arapahoe Road, Centennial, for $7.5 million.

Executive Center One, 11551 E. Arapahoe Road, Centennial.

Executive Center One, 11551 E. Arapahoe Road, Centennial.

The building is 100 percent occupied by Sierra Nevada Corp., an electronics, engineering and manufacturing company.

Sierra Nevada leases spaces in other, nearby Etkin-owned or managed buildings.

This acquisition was an attractive opportunity for our team given our existing relationship with Sierra Nevada combined with the quality of the real estate, said Aaron Johnson, vice president of the development, investment, ownership and management company.

Cassidy Turley Colorado’s R.C. Myles and Jim Brady represented seller GECMC 2001-3 Arapahoe Office LLC.

“Etkin Johnson performed quickly, and without any hiccups, Myles said. The seller was excited to have the transaction closed and is pleased with the outcome. Long-term, we think Etkin Johnson will do quite well with this asset, having purchased it at well below replacement cost and at 100 percent occupancy with a strong and growing tenant.”

Earlier in July, Etkin Johnson bought the Southpark Business Center, 8000 Southpark Way, Littleton, for $4.55 million from LMC Inc., a subsidiary of Lockheed Martin Corp. The company plans to invest some $2 million in capital improvements into the two-builing, 145,517-square-foot, office complex.