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| Hardware Block, a 54,125-square-foot, boutique office building in Denver’s Lower Downtown (LoDo) District. |
DENVER, CO – JLL Capital Markets closed the $25.8 million sale of Hardware Block, a 54,125-square-foot, boutique office building in Denver’s Lower Downtown (LoDo) District.
JLL represented the seller, Unico
Properties, and procured the buyer, Asana Partners. Additionally, Asana
Partners has engaged JLL Property Management to handle management of the
property.
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| Hilary Barnett |
Originally built in 1895, Hardware Block is a brick and timber building offering four stories of creative office space with exposed timber beams, 12-16’ ceiling heights and operable windows to maximize natural light and fresh air.
In addition, the property has an
elevator-served subterranean parking garage, which is a unique feature for
buildings of this vintage. Hardware Blocks is fully leased to two tenants.
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Mark Katz |
Hardware Block is positioned at 1515 – 1527 Wazee in LoDo, the submarket that has maintained the highest levels of leasing activity in Denver’s central business district.
LoDo is anchored by
Denver’s Union Station and provides a wide variety of restaurants, boutique
hotels and residential developments alongside marquee destinations such as
Coors Field, Dairy Block and Market Station.
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| Peter Merrion |
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Mark Katz, Managing Director Peter Merrion and Senior Director Hilary Barnett.
"Hardware Block is one of Denver's
finest examples of historic brick & timber buildings and was well received
by the market,” Merrion noted. “The purchaser is very excited to add this
property to their unique Denver portfolio".
CONTACT:-
Kristen
Murphy
Senior Manager
Public Relations, Investor Services
JLL
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
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