A newly renovated building in RiNo that is leased to apparel company VF Corp. has sold.
WSRE CP 3060 Brighton Investors LLC purchased the building at 3060 Brighton Blvd. last week for $37.6 million, according to public records. Old National Bank provided financing for the deal.
The buyer lists an office address that corresponds to that of Chicago-based Walton Street Capital. The deed of sale also requests that documents be sent to an office for Houston-based Hines.
The building is approximately 70,000 square feet, and sits on a 1.9-acre lot. VF leases the entire structure.
The parent company of brands such as The North Face and Smartwool said last February that it planned to use the Brighton building for product testing and quality assurance, customer showrooms and a photo studio for the company’s six Denver-based brands, as well as what it called the VF Global Innovation Center.
“The build out of the Denver Lab facility is complete and open to our associates,” VF spokesman Colin Wheeler said in an email.
VF’s headquarters are a short distance away at 1551 Wewatta St.
The Brighton building was sold by California-based Mass Equities and Aecom Capital, which paid $38 million in 2017 for it and the adjacent 2900 Brighton Blvd. parcel, which has industrial buildings on its 5.6 acres.
Mass Equities principal Brian Bair said the company did a “full core and shell rehab” of the 3060 building, which included adding an interior mezzanine level, upgrading the facade with more glass and putting in new electrical and HVAC systems, along with elevators.
As for the portion of the site it still owns, Mass Equities originally planned a mix of office, multifamily and retail space, and even had a broker hunting for buyers for the multifamily development portion.
But Bair said the company is now “going through a re-envisioning process,” in light of the pandemic and other factors. Apartments and retail space will likely remain part of the planned mix, he said.