Seattle firm notches another big office buy

The office property at 1430 Wynkoop St. was sold last week. Photos by Burl Rolett.

The office property at 1430 Wynkoop St. was sold last week. Photos by Burl Rolett.

The buying binge continues for a Seattle real estate firm bullish on Denver.

Unico Properties paid $21 million for an office building at 1430 Wynkoop St., bulking up a Denver office portfolio that also includes the 1660 Lincoln office tower and the Denver Club building. The deal closed within a week of another $42 million Unico office buy in Cherry Creek.

The 1430 Wynkoop building is four stories and totals about 41,000 square feet, according to Denver property records. The lot covers about 0.5 acres at the far southwestern end of Wynkoop Street and also includes a small surface parking lot.

Wynkoop Building LLC, headed by law firm Messner Reeves partner Bryant Messner, sold the property. Messner Reeves itself has an office in the building.

Wynkoop Building LLC bought the office building from clothing manufacturer Karman Inc. in 2001, city records show, for $3.95 million. According to a building history page on the Messner Reeves website, Karman used it as a warehouse for 25 years before selling.

Unico has now pumped more than $90 million into Denver real estate in 2015. In June, the firm bought the Denver Club building at 518 17th St. for $30 million. And it added a cluster of Cherry Creek buildings at Second and Josephine for $42 million earlier this month.

The office property at 1430 Wynkoop St. was sold last week. Photos by Burl Rolett.

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments