Gart family’s 50-year reign comes to an end at the Sports Castle
The Sports Castle has a new king.
A partnership led by Tom McLagan, executive chairman of Denver-based Hyder Construction, purchased the three-story, 45,000-square-foot building at 1000 N. Broadway from Denver-based Gart Properties this week.
The deal also included the 0.36-acre parking lot across 10th Avenue at 972 N. Broadway.
The parties declined to reveal the sale price, but public records show the Sports Castle building sold for $4.5 million, and the parking lot for an additional $2 million. That’s about $100 a square foot for the building, and $128 per square foot for the parking lot.
The new ownership plans to get the building…
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