The building at 2323 Delgany St. in Denver, as seen on Jan. 19, 2021. (BusinessDen file)
The building in RiNo where television station Denver7 will move has sold for more than twice what it fetched in 2016.
Ivy Denver7 Property LLC paid $26.35 million on Friday for the 2323 Delgany St. property, according to public records. It financed the deal with a $14.63 million loan at 5.82 percent interest.
The buyer is linked to Ivy Realty, which has offices in Greenwich, Connecticut, and Montvale, New Jersey. The firm doesn’t have any other holdings in Denver, according to its website, but does own buildings in the Boulder and Longmont areas.
The two-story RiNo building is about 85,000 square feet, according to property records. It was sold by WL Denver Delgany Owner LLC, which previously has been described as a partnership between Denver-based EverWest Real Estate Investors and Chicago-based WHI Real Estate Partners. That group paid $10.5 million for it in January 2016, records show.
The building was previously leased by WeWork, which confirmed the lease in March 2019, when the company was still in rapid expansion mode.
WeWork, which then stumbled in an initial attempt to go public, never opened there. In early 2021, the company sued its landlord, alleging the building had deficiencies; the litigation was settled in March 2022.
Denver7, meanwhile, leased the building later that year. The ABC affiliate with the call sign KMGH, which brands itself “The Denver Channel,” is leaving 123 Speer Blvd., where it has operated since 1969. The station’s parent company E.W. Scripps sold that real estate for $35 million in 2021.
Former Denver7 General Manager Dean Littleton, who recently took on a new role with Scripps, told BusinessDen in an email the station expects to start operating out of the RiNo building by next spring.
The building at 2323 Delgany St. in Denver, as seen on Jan. 19, 2021. (BusinessDen file)
The building in RiNo where television station Denver7 will move has sold for more than twice what it fetched in 2016.
Ivy Denver7 Property LLC paid $26.35 million on Friday for the 2323 Delgany St. property, according to public records. It financed the deal with a $14.63 million loan at 5.82 percent interest.
The buyer is linked to Ivy Realty, which has offices in Greenwich, Connecticut, and Montvale, New Jersey. The firm doesn’t have any other holdings in Denver, according to its website, but does own buildings in the Boulder and Longmont areas.
The two-story RiNo building is about 85,000 square feet, according to property records. It was sold by WL Denver Delgany Owner LLC, which previously has been described as a partnership between Denver-based EverWest Real Estate Investors and Chicago-based WHI Real Estate Partners. That group paid $10.5 million for it in January 2016, records show.
The building was previously leased by WeWork, which confirmed the lease in March 2019, when the company was still in rapid expansion mode.
WeWork, which then stumbled in an initial attempt to go public, never opened there. In early 2021, the company sued its landlord, alleging the building had deficiencies; the litigation was settled in March 2022.
Denver7, meanwhile, leased the building later that year. The ABC affiliate with the call sign KMGH, which brands itself “The Denver Channel,” is leaving 123 Speer Blvd., where it has operated since 1969. The station’s parent company E.W. Scripps sold that real estate for $35 million in 2021.
Former Denver7 General Manager Dean Littleton, who recently took on a new role with Scripps, told BusinessDen in an email the station expects to start operating out of the RiNo building by next spring.
