CCIG Insurance Brokerage has acquired an office building at Inverness Business Park in Englewood for its new headquarters.
CCIG has purchased 155 Inverness Drive West, a building of approximately 44,500 square feet, for $ 8.5 million and will be undertaking major renovations starting early next year. The current corporate headquarters are located in approximately 22,000 square feet in Greenwood Village.
CCIG is one of the largest independent personal and commercial insurance brokerages in Colorado. The new headquarters will adapt to the company’s continued growth and allow it to better serve its customers and the community, the company said.
CCIG plans to make a number of improvements to the property so that it provides an “efficient and exceptional environment” for its staff, with a sense of openness and hospitality with lots of glass, said CEO Brook Mahoney.
“We’re going to make it a really good place to work with renovations everywhere and on the outside to make it attractive to the public,” he said.
Upgrades to the three-story building, built in 1995, will include new conference rooms, kitchens and break rooms. The planned move-in date is fall 2019. Close to 100 employees will work in the building, which occupies 3.58 acres of land.
AllHealth Network, formerly Arapahoe Mental Health Center, has sold 155 Inverness. He will continue to occupy the building until March 2019. At this point, he will vacate the top two floors and occupy the first floor with a three-year lease.
The building is “perfectly suited” for CCIG, which will have signage on Interstate 25, and accessibility to the freeway and the Dry Creek light rail station, said Bill Woodward, director of Rise Commercial Real Estate Advisors.
“It’s wonderful real estate. It’s right on the freeway, and it’s a perfect size for them, ”said Woodward, who represented CCIG in the transaction.
“There will be a substantial renovation of the building inside and out, and it will be a great place to grow. The building should work for them for a long time.