NexGen Properties just bought up an office campus in Centennial. No tenant inside occupies more than two floors and the average suite is just 2,400 square feet.

“Companies need office space, they just need less. A lot of these big block tenants that have leased full floors downtown or in the tech center have just been giving up space ,” said Matt Bernstein, vice president of acquisitions and asset management for NexGen.

“Thats why the overall office market has been getting a bad rap.”

The Greenwood Village-based real estate firm purchased 7200 S. Alton Way, a three-building, 6.6-acre campus, for $10.6 million earlier this month from San Francisco’s Graham Street Realty.

NexGen plans to invest $3 million into the 134,598-square-foot property over the next three years. Half of that will

See Full Page