DENVER-ASB Real Estate Investments has spent $53.5 million to acquire a 113,000-square-foot class A office building, in Denver's LoDo district.
The LEED Silver certified, the five-story building at 1755 Blake St. is located near the city's expanding multi-modal, mass transit and rail hub, but also just two blocks from the popular 16th Street pedestrian mall, and from Union Station.
The purchase was made on behalf of ASB's Allegiance Fund, a $3.1 billion core real estate vehicle, which earlier this year bought 1512-1517 Wazee St., also in LoDo. The seller is a private real estate fund advised by Crow Holdings Capital Partners, L.L.C.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
