
The deal is “kind of bittersweet, to be honest with you,” said seller Matt Joblon, noting the two companies that developed the project moved their offices there.
The deal is “kind of bittersweet, to be honest with you,” said seller Matt Joblon, noting the two companies that developed the project moved their offices there.
It’s the second sale in a month by BMC Investments and Oak Coast Properties, both to the same buyer.
A Utah-based company bought the complex from Denver-based BMC Investments and California-based Oak Coast Properties.
“We’re starting to see tenants move from the Tech Center and move from downtown,” said one panelist.
BMC Investments purchased the site from Western Development Group.
The two tenants join WeWork and the building’s developers in the office space above Amazon Books.
Denver-based BMC Investments and California-based Oak Coast Properties plan to rebrand the complexes just outside Denver city limits as Ivy Crossing.
The previous high mark was set in August when the downtown Ritz-Carlton sold for about $496,000 per room.
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