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US Postal Service Puts Annex Building on Market

DENVER-The US Postal Service is looking for a taker for its 406,309-sf annex that's strategically positioned in the highly coveted LoDo submarket. It's definitely the most important building to hit that submarket's for sale list, say the brokers.

By John Rebchook | Updated on February 22, 2001

DENVER-At long last, the US Postal Service has put the long coveted Denver Terminal Annex building in Lower Downtown on the market.

The 406,309-sf building sits on a 106,400-sf site at 15th and Wynkoop Streets. It’s across the street from the LoDo Tattered Covered Bookstore – which has received national attention as one of the best and largest bookstores in the country. It’s an easy walk to dozens of restaurants and lofts, some which have sold for more than $400 per sf. The annex also borders the Central Platte Valley, where billions of dollars in high-end residential is either under construction or on the drawing board and a class-A office project by Legacy Partners is about to break ground.

“Without a doubt, this is the biggest and most important site to go on the market in LoDo,” says Art Seiden, who is listing the project with fellow Fuller and Co. broker Terry Matthews. Seiden expects the property to be redeveloped into a mixed-use project that could include housing, retail, office and perhaps a hotel.

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