PostNet unloads LoDo HQ for $7.9M

The building at 1819 Wazee St. sold this week for nearly $8 million. (Burl Rolett)

The building at 1819 Wazee St. sold this week for nearly $8 million. (Burl Rolett)

Two LoDo neighbors flipped the deed for their Wazee Street office building this week.

Northwood Investors bought the building containing its Denver office at 1819 Wazee St. this week for $7.88 million from its neighbors PostNet. The deal closed on Monday, according to Denver city real estate records.

The building totals 23,500 square feet, according to Denver property records, putting the per-square-foot price at $334. PostNet and Northwood are the only two businesses working out of the fully leased office building. The building was constructed in 1949, and renovated in 2001 and 2006.

PostNet paid $4.5 million in 2005.

PostNet is a franchised business print shop, shipping hub and copy center that currently keeps its headquarters at the Wazee Street building. Northwood is a real estate company with offices in New York, Los Angeles and Denver.

Its only Colorado holding, according to the company website, is Southlands Town Center in Aurora.

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