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12/28/21
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Dallas-based L&B Realty Acquisitions LLC paid $25.5 mil for the historic Union Pacific Building at Coors Field in downtown Denver. Located outside the third base gate of Coors Field, the 36.4k sf ($700/sf) retail building was 100% leased with key tenants including the Denver Chophouse and Old Chicago.
Located at 1711-1735 19th St, the building has a storied past as one of earliest brick structures in historic Lower Downtown (LoDo). Developed in the early 1920s, the building initially served as the historic Union Pacific Railroad Signal Master’s Head House in Denver.
The property was sold by Thermo Union Pacific LLC, who had owned the asset for approximately 25 years and maintained it with great pride of ownership. They were repped in the deal by Jon Hendrickson and Aaron Johnson with Cushman & Wakefield. According to Hebdrickson, C&W believes this to be the highest price per square foot sale for brick and timber in the history of LoDo.
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