April 16, 2019
Trinity Place, a boutique office property totaling 195,753 square feet in Denver’s CBD, has traded hands for $40.2 million. The buyer was Chicago-based Novel Coworking, while the seller was Dallas-based Velocis.
The 17-story building offers average floorplates of 12,200 square feet and is currently 65% leased. The property is located at 1801 Broadway in the thriving Uptown submarket. It is situated two blocks from a light rail connection and other public transportation options.
HFF’s Mark Katz and Peter Merrion represented the seller and procured the buyer.
“Trinity Place was a very active marketing process with tremendous interest from real estate investors,” said Merrion. “The property’s boutique, value-add profile and dynamic Uptown location had a wide appeal.”
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