IMA sells its HQ at Union Station (1705 17th St.) while setting a new record for investment sales in the Denver office market at $600 per square foot. The buyer was GLL Properties which is a U.S. subsidiary of GLL Real Estate Partners Gmbh of Munich, Germany. The newly finished five-story North Wing building sold for $65.5 million and was 87.8% occupied at the time of sale. IMA partnered with Ed Haselden of Haselden Construction and spent $32 million to construct the building. Haselden Construction was the general contractor. GLL also is currently under contract to buy the South Wing building (One Union Station at 16th and Wynkoop) and is scheduled to close within the next few weeks. Institutional investors are recognizing Union Station micro-market as one of the most desirable in the whole western United States.