Prominent Walnut Street property sells for $11M

BOULDER — The top three floors of 1011 Walnut St., a downtown Boulder building that’s home to fully leased office condos on the upper floors and the shuttered Brasserie Ten Ten restaurant, sold this month for $11 million. 

The Boulder-based seller of the 20,554-square-foot space, which includes suites 200, 300 and 400, was 1007 Walnut Street LLC, represented in the deal by SVN Denver Commercial LLC broker Paul DiBona.

Suite 100, the Brasserie Ten Ten space, was not included in the deal.

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Jakobson Properties LLC, a New York-based investment outfit, was the buyer. The company was represented by Becky Gamble with Dean Callan & Co.

“The desirable downtown Boulder location, the quality tenant mix, along with the meticulous level of detail and property management poured into the property over the years by the original ownership group; all of these attributes made 1011 Walnut a highly attractive, long term investment for the Jakobson family,” DiBona said in a prepared statement.

According to SVN, there are plans in place to reopen Brasserie Ten Ten this year. 

Walnut Restaurant Group closed the upscale eatery, along with sister restaurants The Med and Via Perla last summer in the midst of the COVID-19 pandemic.

Owner Joe Romano said in June that he would attempt to reopen when capacity restrictions were eliminated, which is likely to occur in Boulder County this summer. 

© 2021 BizWest Media LLC

Editor’s note: This story has been corrected to reflect the correct representatives of the buyer and seller.