Lowe Enterprises Investors has acquired a 160,000-square-foot office building in the Inverness Business Park in southeast Denver, Colo.
The value of the transaction was not disclosed.
Qwest Communications sold the eight-story, class A office tower, which was 100 percent leased to Dex Media, a R.H. Donnelley company, at the time of sale. Located at 198 Inverness Drive West, it is adjacent to the Inverness Hotel and Conference Center, which Lowe Enterprises Investors acquired in 1995.
Building features include a fitness center, conference facilities and a lobby coffee spot.
Built in 1990, the office was developed as a build-to-suit facility for U S WEST’s Yellow Pages operations. In 2000, Qwest acquired the building when it merged with U S WEST, keeping the Yellow Pages operations headquartered at the site. While Qwest spun off its Yellow Pages division a few years later, the new company — now called Dex Media — remained in the location. In January 2006, R.H. Donnelley acquired Dex Media and continues to base its western Yellow Pages operations at the site.
Los Angeles-based Lowe Enterprises is a national real estate investment, development and management firm.