Multiple executives at NAI Shames Makovsky have purchased a property next to the commercial real estate brokerage’s downtown office.
The 1415 Tremont Place property sold last week to Managing Partner Evan Makovsky, Construction Manager Barry Gilbert and two LLCs, one of them affiliated with Director of Investor Relations Aaron Kramish, according to public records.
The new ownership group paid $4.69 million, records show, for the parcel at the corner of Tremont and 14th. A boarded-up gray building covers part of the 0.43-acre lot, with the remainder used for parking. A certificate of demolition eligibility was issued late last year for the property, making it easy to demolish the structure within five years.
The property backs up to 1400 Glenarm Place, where NAI Shames Makovsky has its office. Evan Makovsky owns that building, records show.
A spokeswoman for the new ownership group said in an email Monday that “there are no plans for the site yet,” and didn’t respond to additional questions by press time.
Makovsky regularly buys and sells real estate in addition to brokering transactions for others. In November, he sold the former El Chapultepec building near Coors Field to Kenny Monfort, who plans to bring a new concept to a street where he’s already introduced Dierks Bentley’s Whiskey Row.
The Tremont Place property was sold by an entity affiliated with Brookfield Properties, the New York-based real estate giant whose Denver holdings include the Wells Fargo Center and Republic Plaza.
Brookfield, which declined to comment, owns the 12-story parking garage adjacent to the 1415 Tremont Place lot, which serves as the parking for Republic Plaza.
The loans securing Brookfield’s marquee properties in Denver were recently transferred to special servicing — a sort of “purgatory,” according to one analyst, that can at times lead to an owner relinquishing the keys to a lender.
Editor’s note: This story has been updated to remove mention of one former NAI Shames Makovksy executive that the firm says was not involved in the transaction.