Denver County
Property Location: 1600 Broadway, Denver
Property Description: 444,595-sf, 26-story office building, YOC 1971, LEED Gold certified, Energy Star building with 350 parking spaces in a three-level underground parking garage
Land Size: 40,075 sf
Sales Price: $110.9M, or $249.44 psf
Reception No.: 2019003682
Closing Date: 1-10-19
Grantor: LBA Realty Realty Fund II WBP IV LLC (Steven R. Layton, mgr.)
Grantee: TREA 1600 Broadway LLC, c/o TH Real Estate, by: Nuveen Real Estate, Andrew Pyke, director, 4675 MacArthur Court, Ste. 1100, Newport Beach, CA 92660
Comments:This property was listed for sale by CBRE team of Tim Richey, Chad Flynn, Mike Winn, Jenny Knowlton and Charley Will. Main tenants include Colorado State Bank & Trust, Parsons Brinkerhoff, Mercy Housing, XPO Logistics, Fleishman & Shapiro PC, Centers for Medicare and Medicaid Services & E&P Beacon Co. A portion of the interior of this building was renovated in 2013. Lease rates are quoted at $34-36 per square foot, full service. The largest space available is 8,300 sf while the smallest is 1,137 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.
