Recent Acquisitions

Lowe Enterprises invests in office, retail, mixed-use, industrial and residential properties in strategic markets throughout the U.S. with a special focus on value-added and opportunistic investment opportunities. By focusing on assets in growing market segments, and operating these assets using the firm’s local teams, Lowe seeks to consistently deliver above market risk-adjusted returns for our clients.

San Diego, CA
Town and Country Resort
Lowe Enterprises (“Lowe”) and AECOM Capital, the investment fund of AECOM Technology Corporation (NYSE:ACM), formed a joint venture with long-time property owner Atlas Hotels, Inc. to own, operate and reposition the Town and Country Resort & Convention Center in the Mission Valley area of San Diego. Lowe’s hospitality management subsidiary, Destination Hotels & Resorts, has assumed management of the 954-room resort.
Denver, CO
Stanford Place II
This 366,184-square-foot, Class A office building in Denver was acquired on behalf of an investment client. Built in 1982, the 17-story building, located in the North Denver Tech Center, offers sweeping views of downtown Denver and the surrounding area. Lowe plans to undertake a capital improvements program that will include upgrading building systems, refreshing common areas and enhancing gathering areas.
Phoenix, AZ
Phoenix Office Portfolio
A partnership between Lowe Enterprises and institutional investors advised by J.P. Morgan Asset Management, acquired a two-building, 327,263-square-foot portfolio of suburban office properties in Phoenix and Scottsdale, Arizona. 5090 40th Street is located in the Paradise Valley area of Phoenix, and Scottsdale Financial Center III is located at 7272 E. Indian School Road in Scottsdale.
Denver, CO
Alamo Plaza
An investment venture of Lowe Enterprises Investors (LEI), a subsidiary of Allstate Insurance Company and The Guardian Life Insurance Company of America acquired this 16-story, 191,151-square-foot office building in the desirable LoDo neighborhood of the Denver Central Business District. It is the acquisition is the first investment by the new venture which targets office properties in supply-constrained western U.S. markets that can be increased in value through asset improvements or new management strategies and positioned to benefit from the economic recovery. Lowe Enterprises will assume management of the 85 percent leased property and oversee a $2 million capital improvement program focusing on common areas and public spaces as well as the building exterior. Lowe plans to implement an aggressive leasing program to improve occupancy at the property.
Denver, CO
Parkridge 4
In a venture with Buchanan Street, Lowe acquired Parkridge 4, a 192,800-square-foot, 6-story Class-A office building in Lone Tree, Colo., an emerging Denver submarket. The property was built in 2001 and is 93% leased by high credit companies. The property has excellent access and freeway visibility near Lincoln Avenue and Interstate 25. It is also in close proximity to the RTD Light Rail Lincoln Station, executive housing, and outstanding amenities at Park Meadows Mall. New developments within the Parkridge subdivision and to the south in RidgeGate should solidify and centralize the property’s location over time.
Denver, CO
The Denver Club
Lowe acquired this 231,454-square-foot Denver Club office building on behalf of a pension fund client. Built in 1954, the 24-story Denver Club is a historic building, one of only two Early Modern buildings in Denver’s Central Business District. A $10 million renovation program was recently undertaken at the property to upgrade the lobby area, elevators and mechanical systems. Lowe Enterprises Real Estate Group, is overseeing $1.5 million in additional improvements including common area upgrades and complete demolition and remodeling of two floors and has taken over property management and leasing.
Denver, CO
A joint venture between Lowe Enterprises and Edgewood Companies acquired the Solarium office building in Greenwood Village, Colo. The property was purchased for $13.96 million. The 171,189-square-foot, two-tower property was built in 1982 and is configured to accommodate smaller tenants. The property is currently 82 percent leased.
Richmond, VA
Honeytree Apartments
In a joint venture with Intrepid Residential, Lowe acquired The Honey Tree Apartments, a 388-unit apartment community in the premier west side market of Richmond, VA. The joint venture will invest an additional $4.8 million in modernizing and improving the apartment community, set on more than 28 acres.

Evanston, IL
Orrington Plaza
Lowe has acquired the Orrington Plaza complex comprised of a 308,695 square foot, 20-story office tower and a 31,357 square foot, two-story retail building. The acquisition of this premier downtown Evanston property from Commonfund Realty and Golub & Company continues Lowe’s expansion in suburban Chicago markets.

Austin, TX
Tuscany Center at Walnut Creek
Lowe acquired this existing, fully leased 81,933-square-foot industrial building along with 19.4 acres entitled for the development of up to three additional buildings in the Tuscany Center at Walnut Creek from McShane Corporation. McShane Corporation is partnering with Lowe in the transaction to maintain an ownership interest and will serve as development manager.
San Mateo, CA
San Mateo Office Campus
Lowe Enterprises, in partnership with O’Connor Capital Partners, has acquired the San Mateo Executive Park, a six-building, 270,000-square-foot office campus. Set on the hilltops overlooking the San Francisco Bay, the park is currently vacant allowing the partnership to quickly undertake a comprehensive renovation and have the project ready for occupancy by spring 2008. The plan will require an additional investment of approximately $16 million to modernize the facilities to Class A standards and finishes.