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Denver Public Schools exercises right, buys building for $11.1M

11200 E. 45th Ave.
The building at 11200 E. 45th Ave. in Denver is the former Samsonite Corp. headquarters.

Denver Public Schools acquired an educational facility at 11200 E. 45th Ave. for $11.1 million, or $97.62 per square foot.

High Tech Early College, along with DSST, a science and technology charter school, occupy the 113,705-sf building. Ed Options LLC was the seller.

John Emmerling, senior adviser at Pinnacle Real Estate Advisors, said the school district previously leased the property and exercised a first right of refusal after another party sought to acquire it.

“The charter school was previously the headquarters for the Samsonite Corp. It was converted to an educational campus in 2005 and has adequate land for future expansion on the 13.02-acre site,” Emmerling said.

Featured in CREJ’s Nov. 15-Dec. 5, 2017, issue

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…