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exGen Properties recently acquired a 6.6‑acre office campus at 7200 S. Alton Way in Centennial. The complex, comprising three buildings, averages 2,400‑sq‑ft suites and no tenant occupies more than two floors. Matt Bernstein, NexGen’s VP of acquisitions and asset management, noted that companies now prefer smaller footprints, causing many large tenants to relinquish space and contributing to the office market’s negative perception.

    The purchase price was $10.6 million, taken from San Francisco‑based Graham Street Realty. NexGen will pour $3 million into the 134,598‑sq‑ft property over the next three years—half earmarked for general upgrades and the other half for tenant‑friendly office refurbishments as leases cycle. Aaron Johnson of Graham Street, who brokered the deal, highlighted the building’s steady high occupancy since its 1980 construction. Cushman & Wakefield’s Aaron Johnson, who worked with Jon Hendrickson on the transaction, added that the spec‑suite, apartment‑style layout requires minimal capital to sustain leasing momentum, appealing to investors.

    Graham Street originally purchased the campus in 2016 for $16.6 million, a $6 million premium over the current sale price. The firm declined to comment further. Bernstein emphasized that NexGen operates as a self‑funded local family office, acquiring assets with all‑cash transactions and without syndication.

    Founded in 2004, NexGen also runs venture‑capital and oil‑and‑gas ventures, funneling profits into real‑estate acquisitions. With a portfolio exceeding 20 properties—including hotels, offices, and warehouses statewide—NexGen remains actively seeking new opportunities. For more details, see BusinessDen.