Three LoDo office buildings sell for $21M

seed

The buildings at 1520 and 1500 Market St., along with 1321 15th St., sold for $21.5 million. Photo by Thomas Gounley.

Three office buildings at the corner of 15th and Market streets in LoDo have new ownership.

Denver-based Urban Villages, acting as Seed Building LoDo LLC, paid $21 million for the Rocky Mountain Seed Co. building at 1520 Market St., as well as the adjacent structures at 1500 Market St. and 1321 15th St., according to property records.

Darrin Revious, Ana Sandomire and Kiley Crews of NAI Shames Makovsky represented the buyer.

The seller was Seed Acquisition LLC, which is affiliated with developer Jerry Glick of Denver-based Columbia Group.

The sale involves a mix of the old and the new.

The 44,398-square-foot Rocky Mountain Seed Co. building was constructed in 1920 as a grain and produce warehouse, while the 18,000-square-foot 1500 Market St. structure was completed last year.

The 9,964-square-foot 15th Street building dates to 1964, according to city records.

Inventory and sales tracking startup GoSpotCheck leases all of 1500 Market St. Tenants in the other buildings include an insurance company and flooring manufacturer, according to Urban Villages.

Urban Villages said in a statement that no immediate changes are planned for the buildings. The company’s portfolio includes the Sugar Cube building downtown and the Vita Flats apartments at101 N. Grant St.

seed

The buildings at 1520 and 1500 Market St., along with 1321 15th St., sold for $21.5 million. Photo by Thomas Gounley.

Three office buildings at the corner of 15th and Market streets in LoDo have new ownership.

Denver-based Urban Villages, acting as Seed Building LoDo LLC, paid $21 million for the Rocky Mountain Seed Co. building at 1520 Market St., as well as the adjacent structures at 1500 Market St. and 1321 15th St., according to property records.

Darrin Revious, Ana Sandomire and Kiley Crews of NAI Shames Makovsky represented the buyer.

The seller was Seed Acquisition LLC, which is affiliated with developer Jerry Glick of Denver-based Columbia Group.

The sale involves a mix of the old and the new.

The 44,398-square-foot Rocky Mountain Seed Co. building was constructed in 1920 as a grain and produce warehouse, while the 18,000-square-foot 1500 Market St. structure was completed last year.

The 9,964-square-foot 15th Street building dates to 1964, according to city records.

Inventory and sales tracking startup GoSpotCheck leases all of 1500 Market St. Tenants in the other buildings include an insurance company and flooring manufacturer, according to Urban Villages.

Urban Villages said in a statement that no immediate changes are planned for the buildings. The company’s portfolio includes the Sugar Cube building downtown and the Vita Flats apartments at101 N. Grant St.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 â€” 

 â€” 

 â€” 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *