One of Denver's largest office towers is under contract for $132.5 million

One of Denver's largest office towers is under contract for $132.5 million

An office building in downtown Denver home to Salesforce, CBRE and several law firms is being sold in a deal closing later this month, its owner says.

Equity Commonwealth Agrees to Sell 709,402 SF Office Property in Denver for $132.5M

DENVER — Equity Commonwealth (NYSE: EQC) is under contract to sell 1225 Seventeenth Street, an office property in Denver, for a gross sales price of $132.5 million. The 709,402-square-foot property is Equity Commonwealth’s last remaining property. The net purchase price is expected to be approximately $124.4 million after credits primarily for contractual lease costs. The undisclosed buyer has completed due diligence, and the earnest money depos…

Owner says downtown office tower will sell for $132M - BusinessDen

The 17th Street Plaza building on March 13, 2024. (BusinessDen file) The owner of the 32-story 17th Street Plaza office tower in downtown Denver says a deal to sell it should close later this month. Chicago-based Equity Commonwealth said in a news release Monday that a buyer, whom it did not identify, has agreed to pay $132.5 million gross for the 709,000-square-foot tower at 1225 17th St. Salesforce signage was installed atop the building in 20…