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M & J Wilkow successfully closed the acquisition of Triad at Orchard Station in December 2012. Our joint venture partner for this transaction is Wayzata Investment Partners, with whom we will be working closely with to implement our strategic repositioning and redevelopment plan, which will include new and improved management and leasing initiatives and extensive planned capital improvements. We are very fortunate to have hired an experienced property manager to spearhead the project and the overall property management. Deanna Suyat (dsuyat@wilkow.com) can be reached at 303.740.9061 and we welcome her to the M & J Wilkow team.
Triad at Orchard Station is located in Denver’s premier suburban market, the Southeast Suburban Submarket. Metro Denver’s Southeast Suburban area is its largest office submarket with over 35 million square feet and contains Colorado’s premier office parks including the Denver Technological Center, Greenwood Village, Inverness Business Park, Panorama Park and Meridian Business Park.
Triad at Orchard Station
The Property is located in Greenwood Village, which is a micro market within the Southeast Suburban submarket – one of the major economic and employment hubs in the Metro Denver area. With a centralized location, Greenwood Village is within 15 minutes of downtown Denver and 30 min of Denver International Airport. The Southeast Suburban Submarket has remained the dominant suburban submarket in Metro Denver due to its location at the confluence of I-25 and I-225, which provides access to a large employment base and outstanding amenities.
Developed by The Madden Company in 1972, the Property originally served as the world headquarters for Johns Mansville, a large Denver-based manufacturing corporation. The Property consists of three office buildings totaling 414,474 rentable square feet. In addition to the three 5-story office buildings, the Property includes 1,217 surface parking spaces and 50-premium covered structured parking spaces. The Triad at Orchard Station benefits from a number of location highlights including being situated: (i) adjacent to the Orchard Station Light Rail Stop, allowing immediate access to the light rail system; and (ii) just north of Orchard Road and Greenwood Plaza Boulevard, offering exceptional access to I-25, and thus the entire Denver metro area.