Thursday, April 25, 2013

Franklin Street To Spend $183M on Denver Office Tower




National Commercial Real Estate News From CoStar Group





Franklin Street To Spend $183M on Denver Office Tower



Franklin Street Properties Corp. agreed to purchase a 43-story tower in the central business district of Denver from Pearlmark Broadreach 1999 LLC for $183 million. The transaction is set to close on July 31, 2013.

A joint venture led by Broadreach Capital Partners and Transwestern acquired the property in November 2005.

The new deal involves the 680,277-square-foot office building at 1999 Broadway and a nine-story, 177,472-square-foot garage...






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