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Lincoln Property Snags Uptown Denver Towers for $95M
Lincoln Property Co. acquired a pair of Denver office towers on behalf of a public pension fund from US Premier Office Equities LP for $95.2 million. Denver Financial Center I and II encompasses 34-story and 13-story buildings totaling 435,672 square feet in the Uptown neighborhood.
The 88% leased assets, which front East 18th Avenue between Lincoln Street and Sherman Street, are home to SM Energy, PDC Energy Inc. and Parsons Corp. Lincoln plans to add amenities to the property near the 16th Street Mall and complete significant lobby renovations.
CBRE’s Tim Richey, Mike Winn, Chad Flynn, Jenny Knowlton and Charley Will handled the deal. The seller is a USAA Real Estate fund that bought the property a decade ago for more than $84 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
