With two weeks to spare, an out-of-town real estate firm has finished a 2015 LoDo acquisition spree.
Pennsylvania-based Stoltz Real Estate Partners bought the 18th Street Atrium building at 1621 18th St. from Toma West for $44 million, according to Denver property records.
The 115,000-square-foot building houses tenants including bandwidth infrastructure provider Zayo and ski resort owner Intrawest. It was built in 1919 as one of the last buildings constructed on “warehouse row,” then a row of industrial buildings stretching from Cherry Creek to the 1900 block of Wynkoop Street.
The building was renovated in 1983, according to a brochure on Toma West’s website.
Stoltz Real Estate Partners representatives did not return messages seeking comment on the deal by press time. Toma West had owned the building since 2006, when it bought the 18th Street Atrium for $21.23 million. The near decade-long hold returned an average of about 7.8 percent per year.
Stoltz already has an extensive Denver real estate portfolio. This year the firm bought a Cherry Creek office at 155 S. Madison St. for $11.45 million and LoDo offices at 1714 Blake St. and 1444 Wazee St. for $17.9 million and $17 million.