A partnership that views Denver as an international destination paid $56.5 million for a high-profile, 41-acre transit-oriented development site in Denver.
The Fox North property at 4400 Fox St. houses the 320,000-square-foot former Denver Post printing facility. Vita Fox North LP, a partnership of Pure Development of Indianapolis and Mexico City-based Interland, bought the property from longtime owners Woodspear Properties and Ascendant Development Corp.
“For us, Denver is at the forefront of international development,” said Pure Development Principal Tyler Morris. “We’re really excited to be part of what Denver has already done, be additive to that and do something exciting there on the site at Fox North.”
“Located one block from the Fox Street RTD station and one stop away from Union Station, the site is one of the largest and most exciting urban TOD sites in the metro area,” said Eric Roth, CBRE senior vice president. “We are confident that the new ownership will be strategic in their vision to create placemaking and ultimately a special project,” said Roth, who represented the sellers with CBRE’s Martin Roth.