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Griffin Capital Essential Asset REIT sells Denver office property

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Griffin Capital Essential Asset REIT sells Denver office property

Griffin Capital Essential Asset REIT Inc. sold the seven-story office building at 7601 Technology Way in Denver to an unnamed real estate investment trust for $48.8 million.

SNL ImageAn office building at 7601 Technology Way in Denver.
Source: Griffin Capital Essential Asset REIT Inc.

The class A office property inside the Denver Tech Center is 95% occupied, thanks to a long-term renewal lease with Jackson National Life Insurance Co. and Zoom Video Communications Inc.'s commitment for an expansion space of about 58,000 square feet.

CBRE Capital Markets represented Griffin on the transaction.