AT&T sells 14-acre Elyria-Swansea campus for $19 million

ATTWonderbound 1

AT&T has sold its 14-acre campus in Denver. (Thomas Gounley)

AT&T has sold its approximately 14-acre campus in Denver’s Elyria-Swansea neighborhood, and the new owner’s plans to repurpose the site include a contemporary ballet company.

Husband and wife Tom and Brooke Gordon purchased 2535 E. 40th Ave. last week for $19 million, or $30.32 per square foot of land, according to county records.

ATTWonderbound 2

The property includes 235,611 square feet of building space and a large parking lot. (Thomas Gounley)

The campus is home to a large structure, which ranges from one to two stories. The property has 235,611 square feet, according to city records.

“At this time, we are exploring several development options but cannot comment on anything specific,” Tom Gordon said.

But one thing is definite: The site’s future includes contemporary ballet company Wonderbound, which said this week it will move into the southwest part of the building.

“It will be their home until our development plans are formalized, at which time they will be part of our development plans,” Gordon said.

The Gordons sold a 4.6-acre site along Brighton Boulevard in RiNo for $30 million in February. They had planned to build their first development at the site, a mixed-use project called DriveTrain, but bailed after a court battle with the city.

AT&T has operated a call center at the 40th Avenue campus. Spokeswoman Suzanne Trantow said the company decided to relocate employees to offices at 161 Inverness Drive West in Englewood and 6550 Greenwood Plaza Blvd. in Englewood.

“This allows us to reduce our operating expenses while improving opportunities for collaboration among our employees,” Trantoow said. “We’re leasing the building back for a six-month period, with no plans to extend the lease beyond that.”

Wonderbound, which employs 15 dancers and staffers, has occupied space at 1075 Park Avenue West in Five Points since 2013, in addition to performing at other venues. Anchor Park Avenue LLC purchased the Five Points property last month for $3 million, according to records.

Wonderbound spokeswoman Lauren Turner said the company’s “No. 1 reason for moving is being able to create a space that is more centrally located to our native audience.

“This isn’t to say that we are not going to continue to do performances at our venues outside of the Denver metro area, but it was hard to get our Denver audience to come out to Arvada, and relocating to a place that’s a little bit bigger and a little bit more centrally located is going to be a bonus,” Turner said.

One other perk of the new location? Six hundred parking spots.

“That was one of our other main problems was that we didn’t have parking spaces because we were in such a busy part of downtown,” Turner said. “And this is a massive lot.”

BusinessDen reporter Kate Tracy contributed to this report.

ATTWonderbound 1

AT&T has sold its 14-acre campus…

You must be a member to access BusinessDen's exclusive reporting.

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

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

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 AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments