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| Trinity Place Office Tower, 1801 Broadway, Central Business District, Denver, CO |
DENVER, CO –– HFF
announces that it has closed the sale of Trinity Place, a boutique
office property totaling 195,753 square feet in Denver’s central business
district (CBD).
HFF represented the seller,
Velocis, and procured the buyer, Novel Coworking.
Trinity Place is located at 1801
Broadway in the thriving Uptown submarket of Denver’s CBD.
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| Mark Katz |
The property has aWalk Score® of 98 and a Transit Score® of 93 being
situated two blocks from light rail connectivity and the Free MetroRide or Free
MallRide at Civic Center Station.
Additionally, the
boutique office property is close to the sought-after neighborhoods of Five
Points, Capital Hill and Cheeseman Park, which have the greatest density of
Millennial households in Denver and offer an unrivaled amenity base of hip
cafes, chef-driven farm-to-table restaurants and famous concert venues,
including the Fillmore and Ogden theatres.
The 17-story
building offers average floorplates of 12,200 square feet and is currently 65%
leased.
The HFF investment advisory team
representing the seller included senior managing director Mark Katz and
senior director Peter Merrion.
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| Peter Merrion |
“Trinity Place was a very active
marketing process with tremendous interest from real estate investors,” said
Merrion.
“The property’s boutique, value-add profile and dynamic Uptown
location had a wide appeal. We are excited to see the new owner continue
to drive value and create a new experience in the Denver market.”
“Denver is an incredibly
attractive market right now in the investor community,” said Mike Lewis,
partner, Velocis. “Following a successful repositioning of Trinity Place, we
felt the timing was right to exit.”
About
Velocis
Velocis is a private
equity real estate investment firm, active in the acquisition,
operation/management and disposition of commercial real estate in the United
States. Additional information about Velocis can be found at velocis.com.
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| Mike Lewis |
Novel Coworking
offers fully furnished, amenity-rich workspaces with direct fiber internet and
WiFi in 30 locations in 22 cities throughout the United States. For more
information, please visit: www.novelcoworking.com.
CONTACTS:
MARK KATZ
CO Lic. #100074002
HFF Senior Managing Director
(303) 515-8000
PETER MERRION
HFF Senior Director
(303) 515-8000
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