The former Partner Credit Union branch at 4000 Quebec St. is for sale. (Matt Geiger/BusinessDen)
A local credit union is seeking to cash out of Central Park after closing its branch there over safety concerns.
Arvada-based Partner Credit Union has listed its property at 4000 Quebec St. — a 7,500-square-foot retail building on nearly an acre — for sale with an asking price of $1.6 million.
The branch closed in May, according to company spokeswoman Krista Stafford-Evans. The credit union purchased the property for about $500,000 in 2001, according to public records. The 1970s building was renovated in 2014 and comes with 10 parking spaces.
“There were incidents that made us extremely concerned for the safety of our employees and our members. I do not know the specific details,” Stafford-Evans said of the closure.
Directly next to the property, at 4040 Quebec St. is a former DoubleTree hotel, which has been used as a homeless shelter since December. Denver purchased the property earlier this month for $43 million.
In two incidents in March, three people were shot at the hotel, two of whom died. In April, guns were found on the premises during a police search. In all, calls to the police increased by 2,900 percent in the first three months of operation as a homeless shelter compared to the previous three months, according to CBS New Colorado.
When a BusinessDen reporter visited the site Monday, the property was fenced off. Across the street was a small homeless encampment.
Founded in 1931, Partner has four remaining locations across the metro area and $592 million in assets, according to Stafford-Evans. The company has retained staff from the closed branch and plans to look for a new location, Stafford-Evans said.
The former Partner Credit Union branch at 4000 Quebec St. is for sale. (Matt Geiger/BusinessDen)
A local credit union is seeking to cash out of Central Park after closing its branch there over safety concerns.
Arvada-based Partner Credit Union has listed its property at 4000 Quebec St. — a 7,500-square-foot retail building on nearly an acre — for sale with an asking price of $1.6 million.
The branch closed in May, according to company spokeswoman Krista Stafford-Evans. The credit union purchased the property for about $500,000 in 2001, according to public records. The 1970s building was renovated in 2014 and comes with 10 parking spaces.
“There were incidents that made us extremely concerned for the safety of our employees and our members. I do not know the specific details,” Stafford-Evans said of the closure.
Directly next to the property, at 4040 Quebec St. is a former DoubleTree hotel, which has been used as a homeless shelter since December. Denver purchased the property earlier this month for $43 million.
In two incidents in March, three people were shot at the hotel, two of whom died. In April, guns were found on the premises during a police search. In all, calls to the police increased by 2,900 percent in the first three months of operation as a homeless shelter compared to the previous three months, according to CBS New Colorado.
When a BusinessDen reporter visited the site Monday, the property was fenced off. Across the street was a small homeless encampment.
Founded in 1931, Partner has four remaining locations across the metro area and $592 million in assets, according to Stafford-Evans. The company has retained staff from the closed branch and plans to look for a new location, Stafford-Evans said.
