DENVER-Unico Properties LLC, a Seattle-based real estate investment and operating company, has purchased 17th & Larimer, an 118,263-square-foot office building. The class-A building is located at 1675 Larimer St. in the heart of Denver’s CBD.
Unico purchased 17th & Larimer from Capmark Bank in a competitive bid process. According to a prepared statement, “With a swift, yet comprehensive due diligence effort, Unico executed a 15-day close of the transaction.”
Unico plans to invest $3.5 million to upgrade tenant spaces which will include new ceiling systems, new HVAC systems, and high-end finishes. Riki Hashimoto and Dan Grooters of the Grubb & Ellis Co. represented Capmark Bank. According to Hashimoto, “Unico purchased the 17th & Larimer building for $17.5 million.
Located at the corner of 17th and Larimer streets in Lower Downtown, the building is currently 58% leased. A complete exterior and interior building renovation, totaling more than $6 million, was completed in early 2009. The repositioning of the building included a complete fa
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
