DENVER—Chicago-based pension fund advisor Heitman Financial Ltd. set a record high price mark in buying the 337-apartment complex Commons Park West—a remarkable $346 per square foot, or $291,000 per unit.
JPMorgan Chase sold the Class A building, at 1550 Platte St., near Commons Park for $98.1 million, according to the Denver Business Journal.
“Commons Park West is a great story for Denver,” said David Martin, managing partner of Mountain States Moran & Co. who represented the seller with partner Pam Koster.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
