Marcus & Millichap Brokers $3.1M Sale of The Center at Evergreen Office Property in Colorado
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in October 2026: $2.5B across 12 reported transactions. All Office coverage →
- 145 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
EVERGREEN, COLO. — Marcus & Millichap has arranged the sale of The Center at Evergreen, an office property in Evergreen. Good Signature sold the asset to Divine Homes for $3.1 million. Chadd Nelson and Brandon Kramer…
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