December, 2007: Triumph Acquires the Historic Masonic Building

Denver, CO

Triumph Welton I, LLC has purchased the historic Masonic Building on the 16th Street Mall in downtown Denver for $7.7 MM, or approximately $110 per square foot.  The 70,000 square foot building was 100% leased at the time of acquisition, with office rents ranging from $4.00 to $8.00 per square foot below the current achievable market for historic office space.  Originally built in 1889, the property nearly burned down in 1984.  The exterior was saved, preserving the historic character, while the interior was re-built in its entirety to the code standards of the late 20th century.  This provides the best of both worlds to the building’s occupants: history along with safety and technology.  Due to the project’s location and position in the market as the low-cost provider, the Masonic acquisition represents both a defensive move in turbulent economic times as well as a tremendous upside opportunity once the economy regains its footing.  Triumph will renovate the common areas, which were last updated in 1985, to bring the look and feel in line with current technological standards while restoring a décor appropriate to highlight the property’s history.

3rd Quarter 2007:  Triumph Represents Mercuria Energy Trading

Steve Epling of Triumph Real Estate Corporation assisted Mercuria Energy Trading, a $20 billion international conglomerate, in securing new downtown Chicago offices.  Mercuria, headquartered in Geneva, Switzerland, leased space in 311 South Wacker, the tallest building in the world that is known only by its street address (www.311southwacker.com).  311 South Wacker is located across the street from the Sears Tower.

3rd Quarter 2007:  Triumph Represents Kemper Mortgage

Steve Epling of Triumph Real Estate Corporation assisted Kemper Mortgage with several new facilities in late 2006 and 2007.    Kemper relocated its offices in Las Vegas and Chicago into Class A buildings that are the finest in their submarkets.  Epling also assisted Kemper with expanding their US headquarters in Dayton.

May, 2007: Valle Vista Shopping Center Opens

Westminster, CO

Valle Vista Shopping Center opened for business as construction was completed this month.  The $9.5 MM center was completed on budget, with only minimal delays resulting from Denver’s record snowfall this winter.  Most of the projects tenants are now open for business, while tenants signing leases more recently are still completing build-out.  The project opened at 80% leased with one pad available for sale.

April, 2007:Triumph sells 1450 Infinite Drive for $25 MM

Louisville, CO

Triumph has completed the $25.0 Million sale of 1450 Infinite Drive to Grosvernor Investment Management just 18 months after acquiring the property for $15.0 Million.  The sale provided a 243% cash-on-cash return to Triumph’s investors.  Triumph was able to add value to the asset by re-structuring leases with the building’s tenants, as well as leasing the remaining vacant space.  The property was 100% leased upon sale.

March, 2007: Triumph acquires 117,000 square foot office/warehouse project

Littleton, Colorado

Triumph Mineral, LLC has acquired a two-building office/warehouse property in the tight southwest industrial market, located across from Littleton Hospital.  Triumph paid $12.0 million for the project, which was purchased from TA Realty Associates.  Formerly known as the NCI Building and 300 E. Mineral, the project represents a turnaround opportunity for Triumph, having suffered declining or flat rental growth and high vacancy due to a lack of property improvements since its original development in 1982.  Triumph will add value to the project- which has been named Lincoln Business Center and Mineral Business Center- by upgrading landscaping, parking areas, building signage, roofing, and other upgrades.  In addition, “speculative” improvement of vacant units will aid in achieving a faster-than-market absorption rate.

October, 2006: Triumph completes $17.5 MM sale of Market Center building

Denver, CO

Just two years after acquisition, Triumph Market Center, LLC closed escrow this month on the sale of the Market Center office and Retail project in downtown Denver, Colorado.  The sale price was $17.5 Million, representing a premium of 25% over the developer’s cost basis (acquisition plus renovation costs) of $14.0 Million.  After leverage, the cash-on-cash return on investment to Triumph’s investors was over 46%.  The project benefited from its exceptional LODO location, which when coupled with high-quality property renovations enabled it to attract top of the market rents prior to sale.

March, 2006: Triumph breaks ground on Valle Vista Shopping Center

Westminster, CO

Triumph commenced construction of the Valle Vista Shopping center this month.  The project consists of 25,000 square feet of in-line shop space and three for-sale pads on an 8.5 acre site in the city of Westminster, Colorado.  The $9.5 Million project was 65% pre-leased and two out of the three pad sites had sold at the time of ground-breaking.  Chase Bank acquired an approximately one acre site for $1,175,000 and LoDo’s Bar and Grille has acquired a two acre site for $1,425,000.  Together these sales reduce the developer’s remaining cost basis in the 8.4 acre site to only $150,000.  The shop space has attracted national tenants such as Bright Now Dental, and Rumbi Island Grille, with regional retailers like At the Beach tanning salon and Forza Coffee Company, along with local tenants Little Anitas and Prestige Nails.  There is just over 5,000 square feet of in-line space still available along with one pad site.

October, 2005: Triumph Real Estate Announces Purchase of 188,000 square foot Office Building along U.S. 36 Corridor

Triumph, in a joint venture with Madison Realty Investors, paid $15 million for the building, located at 1450 Infinite in Louisville. The building cost $46 million to build in 1996, and today is considered one of the prime high tech office properties in the region. GlobeImmune, a biopharmaceutical company, recently signed a five year lease for 40,500 square feet of space, bringing the facility to 93% occupancy. Other tenants at the building include Replidyne which recently expanded to 42,000 square feet of space and Storage Technology Corporation, which signed a six year lease renewal for 59,000 square feet of space.

April, 2005: Triumph Real Estate Aquires I-76 Distribution Center

I-76 Distribution Center is a state-of the art, 87,341 square foot, rail-served, twin-t concrete industrial/manufacturing facility, situated on abundant acreage at the northeast corner of the intersection of US highway 85 and East 104th Avenue in Commerce City (Henderson mailing), Colorado. The Property includes approximately 12,000 square feet of nearly new executive and administrative office space, 76,000 square feet of warehouse floor area, a rail spur served by Union Pacific, and features dock-levelers, oversized drive-in doors, abundant power, and a 2000-gallon above-ground diesel fueling station installed in 2001.

November 15, 2004: The Reserve gets a Facelift!

Renovations were completed this week at the Reserve at Water Tower Village (formerly known as Allison Terrace Apartments) in Arvada, Colorado. This extreme makeover yielded stunning results, and is being well received in the community. Acquired by Triumph in 2003 in partnership with Madison Realty Investors (www.MadisonRealtyInvestors.com), The Reserve has been part of an urban renewal project south of Olde Town Arvada that is now taking shape, creating a beautiful new residential neighborhood. Triumph Real Estate handled the construction project on behalf of the ownership.

September 7, 2004: Triumph Acquires the Market Center building.

Ron managed to wake up in time to hit Starbucks (twice) on the way to the closing of this $13MM acquisition! The 120,000 square foot office and retail building, located at the corner of 17th and Market (a.k.a. “Main and Main”) in downtown Denver, Colorado was 95% leased at the time of sale. Triumph will add value by renovating and upgrading the property, while converting it to office condominiums for re-sale to individual users. With the style, charm and character that is definitive “LoDo,” Market Center offers purchasers a showpiece asset.

3rd Quarter 2004: Triumph Represents Dish Network With Several New Facilities

Steve Epling of Triumph Real Estate Corporation assisted Dish Network, the world’s second largest satellite television service provider in securing several new facilities. Facilities included a 7,112 sq. ft. expansion of their Santa Clara office, 10,400 sq. ft. in Rocklin, CA, and 8,132 sq. ft. in Corona, CA. Mr. Epling has had an on-going relationship with Dish Network since 2000 and has assisted them with their real estate requirements in cities such as Dallas, Fort Worth, Houston, Baltimore, San Diego, Colorado Springs, Salt Lake City, Nashville, Raleigh, Albuquerque, Atlanta, Charlotte, Grand Junction, New Orleans, Silverthorne, Newark, Yorba Linda, El Paso, Concord, Burlingame, and others.

The facility leased by Web.com was an ideal location as it was previously a data center and Web.com inherited well over $500,000 worth of existing data center infrastructure (a 75 KVA Caterpillar diesel powered back-up generator, uninterruptible power supply system, state of the art computer room with an Ansul 2000 fire suppression system, raised floor, fiber optic service, and alarm system). Mr. Epling has represented Web.com for their facilities needs since their first lease in 1999.

1st Quarter 2004: Triumph Represents Web.com in Securing New National Headquarters.

Steve Epling of Triumph Real Estate Corporation assisted Web.com in securing a 10,874 square foot office location for its new national headquarters just outside Danbury, Connecticut. As of 1st Quarter 2004, Web.com was the Number 1 Rated Web Hosting Company on earth, according to Tophosts.com, the most respected third-party reviewer of web hosting companies. Web.com is a Top 20 Domain Name Registrar, registering over 500 Domain Names per day. In perspective, there are over 50,000 web hosting companies, and over 300,000 domain name companies. Web.com has over 50,000 customers and 40 employees.

4th Quarter 2003 and 1st Quarter 2004: Triumph Represents Dynamics Research Corporation in Securing Several New Facilities.

Steve Epling of Triumph Real Estate Corporation represented publicly traded Dynamics Research Corporation (“DRC”) in securing a 17,000 square foot office facility in Columbus, Ohio as well as a 4,586 square foot office facility in San Diego, California. Mr. Epling has had an on-going relationship with DRC since 1998 and has assisted them with requirements in Denver, Baltimore, and Norfolk, Virginia in addition to the two described in above.

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