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Hines' U.S. Office Value Added Fund sells Mountain View Corporate Center

The Denver office of Hines, the international real estate firm, announced the sale of Mountain View Corporate Center to Westfield Company. The 461,438-square-foot Class A office development in Broomfield, CO, is comprised of three three-story buildings and one four-story building. HFF, along with Newmark Knight Frank Capital Group, marketed the properties on behalf of the seller, the Hines U.S. Office Value Added Fund. Terms of the sale were not disclosed.

Acquired by Hines in 2006, the buildings have been maintained at a high standard with two of the four buildings achieving LEED Silver certification. The property is 92 percent leased to tenants such as Time Warner Cable, TransFirst and White Wave Foods. Situated on approximately 27 acres of land, the property is located on Airport Way, adjacent to the Rocky Mountain Metropolitan Airport, northwest of downtown Denver.

Westfield Company, Inc., Denver-based and locally owned, has evolved into a boutique investment management company and one of the nation's foremost developers of office and transit-oriented developments, using advanced systems and technologies to enable greater business productivity, higher tenant satisfaction, and lower building operating costs. Westfield principals collectively have been involved in developing five million square feet of prestige office buildings, office parks, retail centers and corporate headquarters.



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