Granite Properties shook hands with Barings LLC for ownership rights of Regency Plaza in the Denver Tech Center. The Plano, TX-headquartered seller paid $71.3 million, with plans to reposition and improve the 319,000-square-foot office building on 4643 S. Ulster St.

Tim Richey, Mike Winn, Jenny Knowlton, Charley Will and Chad Flynn of CBRE represented the seller. Granite Properties’ Stephanie Lawrence, Paul Bennett and Patrick Miller represented the buyer in-house. Bob Whittelsey and Abby Patillo of Colliers International will handle leasing.

Granite selected DLR Group’s Jessie Johnson to head the design team for the planned renovations, which will include upgrades to the main lobby, elevator cabs, fitness center, conference room, outdoor plaza and common area corridors.

“Regency Plaza is a trophy asset with an incredible presence in the Denver Tech Center,” Granite’s Lawrence said. “We look forward to repositioning Regency Plaza through a significant improvement plan designed to meet the needs of today’s workforce.”

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