DENVER—Logan Tower, a 69,968-square-foot, class B office building in the Uptown District has been acquired by City Office REIT Inc. for an undisclosed amount. Transwestern's Denver office represented the seller, DPC Cos. in the transaction that was announced Monday.
Logan Tower, located was 95% leased to 21 tenants at the time of sale. Managing directors Brad Cohen and Larry Thiel of Transwestern's Denver investment sales group brokered the transaction on behalf of DPC.
“The Uptown District is home to some of Denver's most prominent landmarks, and is considered one of the hippest neighborhoods in Denver, with a vibrant mix of urban culture and the impressive stretch of 17th Avenue's 'Restaurant Row,'” said Thiel. “Logan Tower's recent performance is a testament to the area's popularity.”
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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.
