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**Vantor Headquarters in Westminster Sold for $32 Million**
The Westminster, Colorado headquarters of Vantor has been sold for $32 million in a significant price drop from its previous sale. The 482,000-square-foot office property was last purchased in 2014 by Peakstone Realty Trust (NYSE: PKST) for $92 million.
Peakstone Realty Trust has been divesting office properties across the country as it shifts its investment focus toward industrial and outdoor storage assets. The Westminster property was originally developed as a corporate campus for telecommunications firm Avaya Inc., which sold it over a decade ago.
Located at 1300 W. 120th Avenue, the facility sits on nearly 32 acres within an enterprise zone. The buyer, AXS Opportunity Fund, is a private equity real estate firm that originated as a family business in 1974.
Vantor, the building’s occupant, is a global leader in satellite imaging and spatial intelligence solutions.
This transaction underscores the continued transformation of the commercial real estate landscape, particularly as it relates to office properties transitioning in value and purpose amid evolving market demands.
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