Majestic Building Acquisition, Denver

DENVER REAL ESTATE

PRESS RELEASE: DIB Development Group (DDG) announces the acquisition of "The Majestic Building" located at 7200 E Hampden Avenue in Denver Colorado.

August 10, 2021

DENVER, CO - DIB Development Group (DDG), a leading New York Development Company announces the acquisition of 7200 E Hampden Avenue property for $4.1 million.  The four story commercial building will be added to DDG's portfolio of properties to become its second commercial property investment in Denver. This property consists of office spaces for a wide range of commercial tenants.

This well known office building, previously owned by football talent agent Charles Lamont Smith, offers exceptional access to I-25, the Denver Tech Center, Monaco and Havana Street, with an abundant number of retail stores and restaurants within walking distance.

DDG is a 30-year-old Real Estate property development, owner, and operator. Founded in New York in 1987, DIB Development Group owns and operates buildings in multiple states including NY, FL, and CO. The company's portfolio includes commercial, industrial, and residential real estate.

"7200 E Hampden adds 28,000 square feet to our holding in Denver, and closely complements our business strategy and vision of owning and holding properties with smaller sized professional spaces and various types of tenants"… "We believe this strategy provides a hedge against business cycles across all industries as well as economic factors" said Roland Dib, Founder and CEO of Dib Management. "At nearly 3 million residents, Metro Denver is amongst the busiest growing commercial real estate markets in the nation, a market and growth that we want to be part of."

For more information about  DIB Management and Dib Development Group, email Roland Dib at RolandDib@Dibdg.com