Search
 

EOP Buying US Bank Plaza?

DENVER-The word on the street is that Equity Office is interested in a Downtown acquistion that would increase its local portfolio by more than 10%. Equity declined to comment.

By John Rebchook | Updated on July 15, 2003

DENVER-The latest rumor buzzing through Denver commercial real estate circles is that Chicago-based Equity Office Properties plans to buy the US Bank Plaza high-rise in downtown Denver. Brokers say the deal could go down as early as next month, and EOP would pay about $80 million for the 26-story building at 950 17th St.

The deal would represent the largest commercial real estate sale so far this year, and would increase EOP’s local portfolio of 4 million sf by more than 10%. EOP is currently the largest landlord in the metro area.

The Carlyle Group of Washington, DC, paid $84.8 million for the 467,830-sf building in 2000. EOP, Carlyle and Cushman & Wakefield, the brokerage firm working on the deal, declined comment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.