SOLD
Granite Tower
1099 18th Street, Denver, CO 80202
Property Overview
Granite Tower is a landmark, award-winning Class A office tower located in the northwest quadrant of the Denver central business district submarket. Occupying the entire block, this LEED Gold-certified office tower is 31 stories with a total of 561,691 square feet. There is a 676-space, three-level parking structure (of which the office is allocated 615 spaces) providing a ratio of 1.1 spaces per 1,000 rentable square feet. Granite Tower is at the gateway to Denver’s Lower Downtown Historic District (LoDo), with close proximity to Coors Field and the redeveloped Union Station.
The property’s location in Denver’s central geographic location has played an integral part in the city’s economic success. Because Denver is within a two-hour flight of two-thirds of the U.S. and within four hours of every major city with a population of 1 million or more on the continent, the city has evolved into a major national transportation and commercial hub.
Investment at a Glance
Location: Denver, CO
Property Type: Class A Office
Acquisition Date: December 16, 2010
Purchase Price: $149,000,000
No. of Buildings: 1
No. of Stories: 31
Square Footage: 561,691 SF
Leased Percentage (at the time of Acquisition): 96%
$149,000,000
Total Purchase Price
562,208
square feet
Total Rentable Area
Class A
Building Class
