Tributary Real Estate recently acquired a three-story mixed-use office building at 400 W. 48th Avenue in Denver’s Globeville area. The purchase was made in partnership with the managing director of JLL Denver. Ken Gooden for $ 11.2 million.
The 4.75-acre property includes 5,000 square feet of retail space and 93,000 square feet of office space fully occupied by several local Denver businesses such as Sunflower Bank, Farrington Construction Management and Colorado Uplift.
“This acquisition is the latest example of Tributary’s proven investment strategy to identify hidden assets in new areas and leverage our expertise to add value and generate high returns,” said Ryan Arnold, Founding Partner of Tributary.
The recently refurbished hotel includes many amenities, including a redesigned lobby, fitness center with showers and a meeting room for shared tenants.
The Globeville area has seen increased investment in recent years, most notably in the $ 1 billion renovation of the National West Complex into a year-round educational and event space, and in a proposed renovation of the now famous Denver Post printing house. like Fox Park.