DENVER-Legacy Partners scooped up the class A Stanford II office tower in the Denver Tech Center for a bargain $35 million. Its partner in the deal for the 343,000-sf, 17-story building at 7979 E. Tufts Ave. is GI Partners, from the San Francisco area.

The replacement cost on the building would be in the neighborhood of $240 per sf, says Peter Llorente, regional VP of Legacy. The building, constructed by Bill Walters in 1982, is about 70% occupied, says Joe Serieno, who is leasing it for Legacy with fellow Trammell Crow broker Richard Bryant. The deal was handled by Cushman & Wakefield brokers Tim Richey and Mike Winn.

Walters was so big in the 1980s he was known as the Donald Trump of Denver until he became embroiled in the failed Silverado Banking Savings and Loan scandal. He ultimately filed for bankruptcy in California, after losing his local real estate empire.

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