As Seen In The Denver Business Journal – June 1, 2017

Denver-based Etkin Johnson Real Estate Partners has sold a 187,865-square-foot office complex for $18.1 million.

Honolulu-based Watumull Properties purchased the Clear Creek Business Center, at 6800-6880 N. Broadway in Denver, which Etkin Johnson had previously owned for more than a decade.

Etkin Johnson sold the Clear Creek Business Center for $18.1 million.

“Clear Creek Business Center has been part of the Etkin Johnson portfolio for 12 years, and we are working closely with Watumull Properties to create a smooth transition for all of our tenants there,” said Derek Conn, executive vice president and partner at Etkin Johnson. “This sale will allow us to better focus on existing properties in the area as well as new developments and potential acquisitions.”

Clear Creek Business Center, an eight-building business park, was built in the 1980s and is occupied by 47 tenants ranging in size from 526 square feet to 19,415 square feet. The facility was 95 percent occupied at the time of sale.

Etkin Johnson owns nearly 5 million square feet of real estate in Colorado and is developing new industrial space in Louisville and a hotel in Westminster.