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Colorado National Bank Building's Fate Unknown

DENVER-The six-story, 103,840-sf building has been 100% occupied since it was built. For the first time since 1915, the building's tenant has chosen to not renew its lease, which expires at the end of the year.

By John Rebchook | Updated on February 27, 2006

(To read more on the net lease market, click here.)

DENVER-The historic Colorado National Bank building, best-known for its white pillars at the entrance and its dramatic white marble foyer, is on the market for the first time since it was built in 1915. The six-story, 103,840-sf building has always been 100% occupied since it was built.

But Michael Komppa, president of Corum Real Estate Group, which bought the building in 1997, says that US Bank chose to not renew its lease, which expires at the end of the year. Komppa went as far to travel to Milwaukee, where Minneapolis-based US Bank has its facilities headquarters, to argue why the bank should keep the tradition and remain in the historic building, Komppa tells GlobeSt.com.

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