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Invesco Likes Denver Office for $172M

DENVER—After four years of ownership, American Realty Advisors sells 1515 Wynkoop St. for $54 million more than what it purchased it for from Hines, GlobeSt.com learns in an UPDATE to a previous article.

By Natalie Dolce | Updated on March 17, 2015

DENVER—As GlobeSt.com previously reported, American Realty Advisors recently sold an eight-story, 306,791-square-foot office building in Denver’s Lower Downtown neighborhood to an institutional investor. The property, at 1515 Wynkoop St., is 100% leased.

In an update to that article, GlobeSt.com learns from public records that the buyer was Invesco Real Estate and the purchase price was $171.94 million. And according to public records, that price is $54 million higher than what American purchased the asset for back in 2011 from Hines. American Realty Advisors sources could not confirm the buyer or the numbers to GlobeSt.com at this time.

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