Tech executive plunks down $18M for Uptown apartments

clarkson apartments

The Clarkson apartments at 1756 N. Clarkson St. sold for $18 million. (Lynn Yen)

A Silicon Valley CEO is stowing some cash in an Uptown apartment building.

Last month, Jerry Kennelly bought The Clarkson apartments at 1756 N. Clarkson St. for $17.85 million, or $297,500 per unit.

The building has 60 units.

Kennelly is the founder and CEO of Riverbed Technology, a San Francisco-based information technology company that brought in $1.9 billion in revenue in 2014, according to the last SEC filing before the company went private in 2015.

The seller is Jason McCool, president of Greenwood Village-based Executive Coatings and Contracting Inc. McCool purchased the property for $15 million in 2014, according to property records.

Justin Hunt and Andy Hellman of ARA Newmark represented the seller in the transaction.

clarkson apartments

The Clarkson apartments at 1756 N. Clarkson St. sold for $18 million. (Lynn Yen)

A Silicon Valley CEO is stowing some cash in a 60-unit apartment building on North Clarkson Street.

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