NBS Real Estate Capital Acquires Yosemite Office Center

Colorado Investor Sells 68,100-SF Bldg. for $130 PSF








NBA Real Estate Capital acquired Yosemite Office Center in Greenwood Village from Kraft Real Estate Investments LLC for $8.95 million, or about $130 per square foot.

Built in 1982, the 68,100-square-foot, Class B office building is within the highly coveted Denver Tech Center.

This is the second acquisition in the Denver Tech Center for NBS Real Estate Capital. In September, it acquired Greenwood Place, a 73,429-square-foot, Class B office building, for $8.5 million.

Dean Corey, Troy Meyer and Suni Devitt of Sperry Van Ness represented Kraft Real Estate Investments LLC. NBS Real Estate Capital was represented in-house.

For further details on the Yosemite Office Center sale, please refer to CoStar COMP #1301002.

For further details on the Greenwood Place sale, please refer to CoStar COMP #1156643.

Alexandria Real Estate Equities "buy," target price raised

- Analyst Philip Martin of maintains his "buy" rating on Alexandria Real Estate Equities (). The target price has been raised to $128.In a research note published this morning, the analyst mentions that the company has posted its 1Q07 FFO per share in-line with the consensus, and its dividend growth and q/q FFO per share growth were amongst the highest in the REIT industry. Alexandria Real Estate Equities’ growth in the quarter was boosted by the industry-leading rental and same-store growth and investment spreads, the analyst says. The company has the ability to achieve above-average growth going forward, adds.