The building was constructed in 1906 as a warehouse for a local seed business. (Matt Geiger/BusinessDen)
A local investment bank for construction and engineering firms is parking its dollars next to Union Station.Â
BaseRock Partners, headquartered at 1144 15th St., has spent $6.1 million over the past six months acquiring various office condos at the five-story 1600 Wynkoop St., according to public records. Its total footprint on-site is around 15,500 square feet.Â
The bank’s most recent buy was April 9, when it purchased a 2,700-square-foot unit on the building’s top floor for $1.1 million. Nobody from the company responded to multiple requests for comment from BusinessDen.
Last November, the business purchased space across 1600 Wynkoop’s second, third and fifth floors for $5 million.Â
BaseRock paid $392 per square foot combined across the deals.
The seller in last fall’s transactions was the man who redeveloped the building in the 1980s, Jerry Glick. He recently moved the offices for his development firm Columbia Group from 1600 Wynkoop to the third floor of Golden Triangle’s Evans School.Â
Records and old news clippings about the redevelopment of 1600 Wynkoop and LoDo. (Matt Geiger/BusinessDen)
Glick declined to discuss the sale, although he shared records related to the building with BusinessDen.
The Rocky Mountain News reported in August 1905 that Barteldes & Co., a local seed purveyor, purchased the property for $20,000. The company built a $75,000 warehouse there. Its name still prominently adorns the building.
Back then, it was in the heart of Denver’s “warehouse row” along Wynkoop.Â
Glick redeveloped the building into residential and office units in 1987. At the time, LoDo was just beginning a rebirth. While Upper Downtown was home to flashy new office towers and skyscrapers, the other half of Denver’s urban core was hollowed out.Â
The building was constructed in 1906 as a warehouse for a local seed business. (Matt Geiger/BusinessDen)
A local investment bank for construction and engineering firms is parking its dollars next to Union Station.Â
BaseRock Partners, headquartered at 1144 15th St., has spent $6.1 million over the past six months acquiring various office condos at the five-story 1600 Wynkoop St., according to public records. Its total footprint on-site is around 15,500 square feet.Â
The bank’s most recent buy was April 9, when it purchased a 2,700-square-foot unit on the building’s top floor for $1.1 million. Nobody from the company responded to multiple requests for comment from BusinessDen.
Last November, the business purchased space across 1600 Wynkoop’s second, third and fifth floors for $5 million.Â
BaseRock paid $392 per square foot combined across the deals.
The seller in last fall’s transactions was the man who redeveloped the building in the 1980s, Jerry Glick. He recently moved the offices for his development firm Columbia Group from 1600 Wynkoop to the third floor of Golden Triangle’s Evans School.Â
Records and old news clippings about the redevelopment of 1600 Wynkoop and LoDo. (Matt Geiger/BusinessDen)
Glick declined to discuss the sale, although he shared records related to the building with BusinessDen.
The Rocky Mountain News reported in August 1905 that Barteldes & Co., a local seed purveyor, purchased the property for $20,000. The company built a $75,000 warehouse there. Its name still prominently adorns the building.
Back then, it was in the heart of Denver’s “warehouse row” along Wynkoop.Â
Glick redeveloped the building into residential and office units in 1987. At the time, LoDo was just beginning a rebirth. While Upper Downtown was home to flashy new office towers and skyscrapers, the other half of Denver’s urban core was hollowed out.Â
