Zakhem Real Estate Group’s new home will be an old home.
The Denver real estate firm purchased 825 Logan St., known as the Brind Mansion, on Sept. 29 for $1.64 million, according to property records. The firm plans to use the building as its office.
Zakhem sold its existing offices at 660 Logan St. on Sept. 21 to 660 Logan LLC for $1.02 million, according to the records. It had purchased the property in 2006 for $620,000.
The move will more than quadruple Zakhem’s office space, to more than 9,100 square feet. Managing partner John Zakhem said his company, with 12 staff, needs more space.
He originally explored the possibility of demolishing the structures at 660 Logan and constructing a new building. By August, however, tentative construction costs had gotten “to the point where we thought maybe there’s something around here that would fit our needs,” Zakhem said.
Around the same time, the Brind Mansion was listed for sale.
Joseph Fitz and Mary Evaline Brind spent $15,000 to build the home in 1895, according to historical records. Joseph Brind worked as the general agent for Judson Dynamite & Powder Co. and Western Fuse & Explosives Co. of California.
Features of the mansion, listed by Cushman & Wakefield at $1.83 million, include a three-story stairwell in the main foyer, third-floor skylights and original wood and stained glass. Stockton Baker was the listing broker.
“It’s an iconic property,” Zakhem said. “We’re longtime Denver residents … and we really wanted something that has some pizazz to it, something that displayed our love for Denver.”
The mansion’s current tenants, law firm Campbell, Latiolais & Averbach LLC, will continue to occupy the space through the spring. Partner Clifton Latiolais said the firm has been in the building since 2006, and that the parties who comprise 1625 Downing Partnership wanted to explore a sale.
Latiolais said the firm has yet to decide where it will move.
Zakhem Real Estate is wrapping up work on a mixed-use building at 3616 Tejon St. in LoHi. John Zakhem said the hope is to move tenants into the 32 apartments by Dec. 15.
The firm also is preparing to break ground in coming months on a 40-unit building at 38th and Yates streets in the Highlands.