Phoenix & Southwest + Southwest + Office | December 17, 2018

Harbor, Stockbridge Snag Historic Denver Asset

Harbor Associates, LLC acquired the Symes building in Denver in a joint venture with Stockbridge Capital Group. The $24.5-million all-cash deal involves an eight story, 98,976-square-foot office building located at Champa Street and the downtown 16th Street Pedestrian Mall.

The property was built in 1906, was one of the first steel-framed buildings in Denver, and was home to the Downtown Woolworth store on the ground floor until 1994. Harbor plans to re-position and lease-up the vintage asset through a comprehensive renovation and rebranding program that complements the building’s historic character.

Renovations will include an upgraded building entry and lobby experience, new basement level amenity package, exterior improvements and new ground-floor retail signage. Full-floor vacancies will be upgraded to rent in ready condition, and Harbor will create smaller 1,500 to 4,500-square-foot spec suites on the multi-tenant floors.

NAI Shames Makovsky’s Dorit Fischer, Hayden Hirschfeld, Trent Rice and Connor Donahue represented the unnamed seller.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With NAI Shames Makovsky’s Fischer

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Order Reprints