Knightbridge Capital and Westside Investment Partners wasted no time snapping up 400 Inverness Parkway, quietly closing on the Englewood office property for $14 million. The 112,198-square-foot Class A building sits at the entrance to Inverness Business Park and was roughly 93% occupied at the time of sale. Fresh off a 2025 refresh, the off-market, lender-driven deal gives the local buyers a chance to squeeze more value out of the asset through targeted upgrades and aggressive leasing.
Deal details and seller
The sale was recorded with VMC Metro Denver LLC listed as the seller and went from contract execution to closing in just 26 days. The building was originally constructed in 1997 and most recently renovated in 2025, and it offers efficient floor plates along with a strong parking ratio, according to Mile High CRE.
Financing and quick close
To get the deal across the finish line, the buyers lined up a $12.26 million loan from FirstBank, now part of PNC Bank, with an interest rate of about 6.21% and a 2031 maturity. The property had fallen into lender ownership after an apparent default in 2024, and the new owners arranged to keep a roughly 10,000-square-foot tenant in place during the rapid close, as reported by BusinessDen.
Buyers' plan for value
Knightbridge and Westside say they are rolling out a value-enhancement plan centered on common-area upgrades and proactive leasing aimed at bolstering long-term tenancy and cash flow. “Our ability to mobilize and execute on this acquisition in 26 days was a team effort,” Riki Hashimoto said, while partner Matt Ritter noted that the reset in basis gives the new ownership group room to “unlock additional value,” according to Mile High CRE.
Where this fits in the market
The sale pencils out to roughly $125 per square foot and marks the fourth joint acquisition by Knightbridge and Westside in the past 24 months. BusinessDen estimates the pair now jointly own about 545,000 square feet in the Denver area and have spent roughly $42 million assembling that portfolio. The Englewood deal highlights that investors still have an appetite for well located suburban office properties that can be improved through hands-on ownership and focused leasing.
