An aerial view of the undeveloped 59-acre site. (General Services Administration)
The federal government has sold an undeveloped 59-acre chunk of the Denver Federal Center in Lakewood a decade after first indicating it was open to the idea.
Lakewood Land Partners LP purchased the property at the southeast corner of the 6th Avenue/Union Boulevard interchange last week, according to the General Services Administration, which manages the federal government’s real estate.
The GSA held an auction for the property in September. Lakewood Land Partners’ winning bid was $30.01 million.
The winning entity lists an office address in state records affiliated with Dallas-based real estate firm Lincoln Property Group. Attempts to reach the company for comment Tuesday were unsuccessful.
The property that sold is just north of Centura St. Anthony Hospital and RTD’s Federal Center Station, which is served by rail and bus. Both the station and the hospital are located on land that was also formerly part of the adjacent Denver Federal Center complex to the east, which houses office and industrial space for a host of government agencies.
Lakewood Mayor Adam Paul told BusinessDen he has yet to talk to the new owners.
“But I look forward to the discussions that we’ll be having about their future plans for this important site,” Paul said in an email.
New ownership of the parcel has been floated for years. GSA initially said in 2011 it was looking to sell 40 acres of the site, according to the Denver Post. In 2014, the newspaper reported, Lakewood itself hoped to acquire the land by trading construction services. The GSA then tried to sell the property at auction in 2017, only to be stalled by a lawsuit filed by the Colorado Coalition for the Homeless.
“The federal government went on to win that lawsuit and put the property up for auction again,” GSA spokesman Rich Stebbins told BusinessDen. “That auction closed in June 2021 without a bidder meeting the minimum expected price so the final bid was rejected.”
The GSA then held the latest auction, which resulted in the winning bid of $30.01 million.
A map showing the outline of the 59-acre site. (General Services Administration)
An aerial view of the undeveloped 59-acre site. (General Services Administration)
The federal government has sold an undeveloped 59-acre chunk of the Denver Federal Center in Lakewood a decade after first indicating it was open to the idea.
Lakewood Land Partners LP purchased the property at the southeast corner of the 6th Avenue/Union Boulevard interchange last week, according to the General Services Administration, which manages the federal government’s real estate.
The GSA held an auction for the property in September. Lakewood Land Partners’ winning bid was $30.01 million.
The winning entity lists an office address in state records affiliated with Dallas-based real estate firm Lincoln Property Group. Attempts to reach the company for comment Tuesday were unsuccessful.
The property that sold is just north of Centura St. Anthony Hospital and RTD’s Federal Center Station, which is served by rail and bus. Both the station and the hospital are located on land that was also formerly part of the adjacent Denver Federal Center complex to the east, which houses office and industrial space for a host of government agencies.
Lakewood Mayor Adam Paul told BusinessDen he has yet to talk to the new owners.
“But I look forward to the discussions that we’ll be having about their future plans for this important site,” Paul said in an email.
New ownership of the parcel has been floated for years. GSA initially said in 2011 it was looking to sell 40 acres of the site, according to the Denver Post. In 2014, the newspaper reported, Lakewood itself hoped to acquire the land by trading construction services. The GSA then tried to sell the property at auction in 2017, only to be stalled by a lawsuit filed by the Colorado Coalition for the Homeless.
“The federal government went on to win that lawsuit and put the property up for auction again,” GSA spokesman Rich Stebbins told BusinessDen. “That auction closed in June 2021 without a bidder meeting the minimum expected price so the final bid was rejected.”
The GSA then held the latest auction, which resulted in the winning bid of $30.01 million.
A map showing the outline of the 59-acre site. (General Services Administration)
