Trophy Denver Office Changes Hands

DENVER-Hines sold 1515 Wynkoop, a LEED Gold-certified, class AA, premier mixed-use project located in Denver’s Lower Downtown District at the gateway to Union Station to Glendale, CA-based American Realty Advisors for an undisclosed price. Industry sources tell GlobeSt.com that the deal is one of the largest office sales in the Western US this year, and say an estimated sales price is between $115 million and $120 million. Those involved in the deal would not confirm by deadline.

CB Richard Ellis’ institutional group-west, including Tim Swan, Kevin Shannon, Geoff Baukol and Eric Tupler represented the seller in the transaction. “1515 Wynkoop has all of the elements necessary to be considered a ‘super core’ asset, which are highly-coveted by investors today. In addition to being well-leased, this is a brand new, LEED certified, state of the art property located in the up and coming Union Station neighborhood,” Swan says. “Therefore, we able to generate national and international interest for this prime offering.”