ARVC Closes on New South Denver, Colo., Office
The National Association of RV Parks and Campgrounds (ARVC) closed escrow today (March 9) on a new South Denver office that it will use as the association’s headquarters beginning April 8.
ARVC purchased the Panorama Falls office suite for an undisclosed price. The transaction was unanimously approved on Monday by 22 of ARVC’s 24 board members, with two board members being absent for the meeting, according to a news release.
“It has been a long and arduous process, but I am confident after viewing this office that this is the right property for our new ARVC headquarters,” said ARVC Chairman David L. Berg. “ARVC President and CEO Paul Bambei is to be commended for his efforts in this process. The entire board was pleased with the final purchase price, which was less than half of other properties ARVC considered purchasing in recent years.”
Bambei, a Denver native, said ARVC’s new office is located in an attractive commercial area of South Denver with a full array of hotels and restaurants nearby, and is walking distance from the Dry Creek station of the light rail. The office is also 25 miles closer to Denver International Airport than the office building ARVC currently occupies.
“As an investment, I think we got a really good deal,” Bambei said. “We took advantage of the downturn in the commercial real estate market, which is just now starting to show signs of improvement.”