Colorado Real Estate Journal - March 18, 2015

Invesco buys 1515 Wynkoop for $560.44 per square foot

by Jill Jamieson-Nichols


An entity affiliated with Invesco Real Estate has acquired 1515 Wynkoop for $171.94 million, or $560.44 per square foot, according to public records.

Invesco bought the 306,791-sf Class A office building from American Realty Advisors, which paid $118 million, or $385 per sf, for the asset in 2011.

Hines developed the building. It was completed in 2009.

The LEED Gold building is located a block from Denver Union Station.

Office tenants include Black Hills Energy Corp., Van Gilder Insurance Group, Polsinelli Shughart and Policy Studies. Brazilian steakhouse Fogo de Chao, Smiling Moose Deli and a high-end barbershop operate on the street level of the eight-story building.

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