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OFFICE DEAL SETS LOCAL RECORD AUSTRALIAN FIRM BUYS INVESCO TOWERS FOR $219 PER SQUARE FOOT.(Business)
- Article from:
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Rocky Mountain News (Denver, CO)
- Article date:
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February 25, 2003
- Author:
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Copyright informationCOPYRIGHT 2003 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Rebchook
ROCKY MOUNTAIN NEWS
A giant Australian insurance company paid $57.75 million for the two Invesco towers in DTC West, in the largest office sale in the Denver metro area this year.
It's the most ever paid for a major office building in the Denver area on a per-square-foot basis, brokers said.
Sydney-based Challenger International paid $219 per square foot for the 263,770 square feet in the two buildings at 4340 and 4346 S. Monaco St., breaking a per-square-foot record set a dozen years ago.
In 1991, the 1801 California building in downtown Denver sold for $218 per square foot. When its parking garage was included, the price dropped to ...
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