Cherry Creek office building sells for big gain

Cherry Creek office building sells for big gain

Five years ago, Brad Cummings bought the 1980s Citadel office building in Cherry Creek at a loss for the seller. Last week, he sold it for a profit. Zurich Alternative Asset Management, a subsidiary of Swiss firm Zurich Insurance Group purchased the 7-story, 131,000-square-foot building at 3200 E. Cherry Creek South Drive for $52 million. Cummings, through his firm Matador Equity Partners, paid $33 million for it in May 2020. Neither Zurich nor …