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Sunday, 30 June 2002

West Regional Digest (7/1/02): Merrill Lynch Campus in Denver Finds Buyer

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July 1, 2002

Merrill Lynch campus finds buyer in Israel
The Denver Business Journal

DENVER – An Israeli real estate company, Red Sea Group, is under contract to buy the Merrill Lynch campus in the Meridian office park. The campus, built by Merrill Lynch in 1997 for more than $200/sf, was put on the auction block early this year after Merrill Lynch announced that it was moving the bulk of its local operations out of Denver. The campus will be completely vacated today. The two-building campus comprises about 420,000 square feet. The larger of the two buildings is 263,000 sf and the smaller is 156,000 sf. The buildings, at 9601 and 9603 S. Meridian Blvd. in the Meridian International Business Center, sit on 66 acres, 38 of which have been developed. The contract price has not been disclosed.


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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Property Acquisitions (ACQ), West Regional Digest (WDIG)
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