Local firm buys two Meridian office buildings for 55% discount (opens original article in a new tab)

A Denver-based firm acquired two Meridian office buildings at a 55% discount, part of a broader strategy to buy underperforming properties.

• Knightbridge Capital purchased two Meridian office buildings for $13.96 million, 55% less than their previous sale prices
• The buildings were bought in partnership with Argosy Real Estate Partners and financed by First Interstate Bank
• The buildings are 88% leased with expected tenant retention due to strong cash flow