Denver office space
Denver Office Building in LoDo sold to Zeller Realty Group, the Chicago-based commercial real estate company bought the 13 story Guaranty Bank building at 1331 17th St. in LoDo. The 220,287 square foot building was built in 1983 by the Westfield Development Co. and has a 683 space 9 level parking garage. The building sold…
Office Space demand increases resulting in rent growth throughout the U.S. The Denver office vacancy rate has decreased for the third consecutive year in a row and now stands at approximately 12%, down from 12.4% at the end of September 2012. Nearly every city across the country has seen significant gains for office space in…
Third quarter showed mixed results for the Denver’s commercial real estate market however the overall market continued to show signs of recovery. The vacancy rate for retail and industrial submarket remained in the single digit but did drop slightly quarter over quarter and year over year. The office market vacancy rate increased as expected partly…
Beacon Capital Partners Inc. has completed its purchase of the Wells Fargo Center at 1700 Lincoln St. in Denver from MPG Office Trust Inc. and Charter Hall Office REIT. The purchase price was $387.5 million which equates to about $322 per square foot. The 1.2 million square foot 52 story Class A office building was…
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