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Downtown Denver office tower fetches $238 million

Denver County

Property Location: 1670 Broadway, Denver, “TIAA Building” formerly “Amoco”

Property Description: 36-story, 704,566-sf office tower, YOC 1978

Land Size: 1.26 acres

Sales Price: $238M, or $337.80 psf

Reception No.: 2018104753

Closing Date: 8/16

Grantor: 1670 Broadway Investors LLC by: TPF Equity REIT Operating Partnership LP, William P. Robertson, executive director, 860-616-9121

Grantee: HPI 1670 BRDW LLC, c/o JM Capital LLC 50 Main St., Suite 1000, White Plains, NY 10606, attn: David J. Mann

Financing: Cash

Comments: Listed and sold by CBRE Inc., Mike Winn, Tim Richey, Chad Flynn & Jenny Knowlton. TIAA is the anchor tenant, occupying over 355,750 sf.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.