Colorado real estate development firm purchases downtown Denver office space for $7.2M

Andy Klein has made another bet on downtown office space Westside Funding Partners the firm that Klein founded this week paid million for the -story office building at Curtis St known as The Link The building is square feet so the deal works out about a square foot It was sold at a discount compared with January when California-based Steelwave and Florida-based Rialto Capital paid million for it But Steelwave and Rialto also spent millions to give a major facelift to the building which was once owned by CenturyLink the company now known as Lumen Over the discipline of the two firms tore off the building s facade and replaced it with glass among other improvements Given the pandemic the timing obviously wasn t great The Link has been largely empty for years About of the building is available according to JLL which has been marketing the building for lease Related Articles Headhunter pays M for industrial firm s former downtown office Complete tragedy Judge suggests receiver for I- warehouse in family feud Denver YMCA leaving downtown building after years selling to Colorado Coalition for the Homeless The history of Potter Highlands stated through a blond brick building Owner of shuttered Littleton golf program weighs what to do with final fairways While multiple of its office floors are empty the building does have a coffee shop and wine bar on the ground floor Klein declined to comment on the purchase Westside which is based in Greenwood Village has been the region s biggest participant when it comes to buying distressed office space on the cheap The Link is the company s third downtown holding Westside bought the -story Denver Club building at th St in and the two-tower Lincoln Spanning complex at Sherman St and Lincoln St in April Westside has been doing office deals in the suburbs with multiple buyers in both Centennial and Greenwood Village Read more from our partner BusinessDen Get more business news by signing up for our Financial market Now newsletter