Crescent VIII

about this investment

Acquisition Date:

June, 2024

Estimated Hold:

5 Years

Purchase Price:

$14,150,000

Leverage on Acquisition:

60%

Crescent VII & VIII are Class A suburban office buildings located in the Denver Tech Center, acquired by Knightbridge Capital in joint venture with Westside Investment Partners. Totaling 218,265 square feet across four- and six-story buildings, the property offers modern amenities and has undergone significant capital improvements, including lobby renovations, roof replacements, HVAC upgrades, and elevator modernizations.

At 70% leased, Crescent VII & VIII offer value-add potential through a targeted spec suite program aimed at attracting small to mid-sized tenants—currently the most active in the market. With a prime location and a strategic approach to lease-up, Crescent VII & VIII represent a strong opportunity in a competitive office market.

Crescent VII was disposed of in 2024; KBC and Westside retained Crescent VIII.

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