A 130-year-old office building that preservationists moved brick-by-brick to its current post at the corner of Stout and 18th streets sold this week for $5 million.
The Ghost Building, named for real estate developer Allen H. Ghost, was erected at 15th Street and Glenarm Place in the 1890s. But in 1979, its three stories of stone bricks were dismantled to save the structure from a lessee poised to raze it instead.
Canadian real estate investors Amacon purchased the 15,500-square-foot office building for $5.15 million on Aug. 7, according to city records. Amacon did not return a message seeking comment.
The buy appears to be Amacon’s first in Denver, although not in Colorado. It owns a pair of office and showroom spaces in Golden – its only other U.S. assets. In Canada, the firm has developed condominium towers and also owns restaurant and hotel properties.
The seller in the deal is 800 18th Street LLC. The sale paperwork was signed by Tommye Barnett, CFO of consulting firm EnerCom, which has its office in the Ghost Building. The LLC purchased the building for $3.9 million in 2013. EnerCom did not return a message seeking comment.
The Ghost Building was designed by William Lang, the Colorado architect best known for Molly Brown House in Capitol Hill.
The property is listed on the National Register of Historic Places, but was threatened by the wrecking ball in 1979 when The Public Service Co. of Colorado signed a 20-year lease that allowed it to demolish the Ghost Building.
To save it, a local architect sketched a plan to dismantle and rebuild the 19th-century structure like Legos instead. After six years in warehouse storage, the building went vertical for the second time at its current address, where its arched windows overlook the Byron White U.S. Courthouse across 18th Street.
Ghost Building tenants include EnerCom and fitness studio Yoga High in the basement.