A Lakewood office building sold in late February for 80 percent of what it fetched eight years ago.
The 10-story building at 143 Union Blvd. was purchased for $24.9 million by entities affiliated with Utah-based Legacy Real Estate Investments, according to public records.
The building was sold by Dallas-based Granite Properties, which purchased it for $30.86 million in November 2015, records show.
The building is 191,564 square feet, records show, making the latest deal worth $130 a square foot. It was 30 percent vacant at the time of sale. Tenants include Wells Fargo and engineering and construction services firm Atwell.
Legacy is most focused on the Phoenix, Salt Lake City and Denver markets, according to the firm’s website. Its local holdings include an office building in Littleton and retail centers there and in Lakewood.
Granite Properties, meanwhile, now owns five office complexes in the Denver area, according to its website. Its holdings include First Avenue Plaza in Cherry Creek, which the firm bought last year, and High Pointe Tower at 6430 S. Fiddlers Green Circle in Greenwood Village. Granite recently proposed building another office structure on the High Pointe lot.