Uptown office building sold for $65.5M

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An office building at 303 E. 17th Ave. changed hands last week. Photo by Burl Rolett.

West Coast real estate firms swapped a 1980s-era Uptown office building.

California-based Kennedy Wilson bought a 280,000-square-foot office building at 303 E. 17th Ave. last week from Broadreach Capital Partners for $65.5 million. Broadreach owned the building since 2007, when it bought the property for $44.8 million.

Kennedy Wilson financed the deal with a $47.3 million loan from Lincoln Benefit Life Co. The deal closed on Nov.12, according to city records.

Last week’s buy comes a year after Kennedy Wilson bought the 312-unit Villas at Homestead apartments in Centennial for $56.75 million. Kennedy Wilson claimed 732 total apartment units under ownership in the Denver area as of October of last year.

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An office building at 303 E. 17th Ave. changed hands last week. Photo by Burl Rolett.

Making a $20 million profit on an eight-year hold, a firm has unloaded a 17th Avenue office tower in Uptown.

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