Clothing retailer Ross Dress for Less occupies the ground floor of the building at the corner of 16th and Stout streets. (Thomas Gounley)
A building along Denver’s 16th Street Mall and an adjacent structure on a side street have changed hands in a $32.5 million deal.
San Francisco-based FPA Multifamily, acting as FPACP3 Denver Lofts LLC, purchased 1543 Stout St./800 16th St. and 1531 Stout St. last week, according to county records.
Berkadia Commercial Mortgage provided financing for the deal.
The 1543 Stout St./800 16th St. parcel is on the corner of 16th and Stout streets. Clothing store Ross Dress for Less operates on the ground floor of the three-to-four-story structure.
The six-story building at 1531 Stout St. has Indian and Italian restaurants, as well as a cellphone repair shop, at the street level. (Thomas Gounley)
The 1531 Stout St. parcel is home to a six-story building, with apartments on the upper floors plus Indian and Italian restaurants, along with a cell phone repair shop, at the street level.
Rio Grande Denver LP and AT Lewis LP sold the parcels. Craig Stack and Bill Morkes of Colliers International represented the seller.
A FPA Multifamily executive did not respond to a request for comment. The company said on its website it has a portfolio of approximately 25,000 apartments.
FPA’s recent moves in the Denver market include selling a 132-unit apartment complex in Glendale for $22.9 million in April and paying more than $60 million for two complexes in Broomfield late last year.
Clothing retailer Ross Dress for Less occupies the ground floor of the building at the corner of 16th and Stout streets. (Thomas Gounley)
A building along Denver’s 16th Street Mall and an adjacent structure on a side street have changed hands in a $32.5 million deal.
San Francisco-based FPA Multifamily, acting as FPACP3 Denver Lofts LLC, purchased 1543 Stout St./800 16th St. and 1531 Stout St. last week, according to county records.
Berkadia Commercial Mortgage provided financing for the deal.
The 1543 Stout St./800 16th St. parcel is on the corner of 16th and Stout streets. Clothing store Ross Dress for Less operates on the ground floor of the three-to-four-story structure.
The six-story building at 1531 Stout St. has Indian and Italian restaurants, as well as a cellphone repair shop, at the street level. (Thomas Gounley)
The 1531 Stout St. parcel is home to a six-story building, with apartments on the upper floors plus Indian and Italian restaurants, along with a cell phone repair shop, at the street level.
Rio Grande Denver LP and AT Lewis LP sold the parcels. Craig Stack and Bill Morkes of Colliers International represented the seller.
A FPA Multifamily executive did not respond to a request for comment. The company said on its website it has a portfolio of approximately 25,000 apartments.
FPA’s recent moves in the Denver market include selling a 132-unit apartment complex in Glendale for $22.9 million in April and paying more than $60 million for two complexes in Broomfield late last year.
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