AEW pays $405 per sf for 1660 Wynkoop

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vivian e. vigil said:

I wish I was the one to purchase the both of them because if I did I'd make it into a low income housing project and let all my friends move in :)
CREJ said:

The project is anticipated to be completed in spring 2014.
Anonymous said:

When is this project expected to be finished?
JD Crouse said:

HI Kris, Loan Investing has been a wonderful strategy for my company over the last 5 years. I've been able to buy multiple loans in my own back yard from banks and sellers who had carried back a note. The returns have ranged from the low to high double digits with a high level of security (20 - 60 % LTV). I don't see loan sales slowing for a long time for no other reason that we have 20 years worth of FDIC 'loss-share' assets waiting to be disposed. Thanks for the article! JD Crouse http://LoanInvestingBlueprint.com

16 July 2012 | Posted in Office, Denver Market

One of the world’s largest investment advisers paid $26.6 million for a Class A office building across the street from Denver Union Station. AEW Capital Management bought 1660 Wynkoop from Legacy Partners for $405 per square foot, one of the highest prices paid for an office asset in Denver. An 11-story, 65,716-sf building, 1660 Wynkoop has 292 structured parking spaces – a rare amenity in Lower Downtown Denver. Cushman & Wakefield of Colorado brokers Mike Winn, Tim Richey and Chad Flynn handled the sale.

View all posts by Jill Jamieson-Nichols

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, medical office and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor.

Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo.

When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found skiing, exploring the outdoors with her dogs, playing the piano, reading, or learning computer graphics.

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