Platte Street building sells for $129M
DENVER — A five-story building on Platte Street in Denver has sold for $129 million.
BusinessDen reports that Texas-based Crescent Real Estate acquired the Riverview building at 1700 Platte St. The property encompasses 202,500 square feet, putting the price per square foot at $637.
The property is 100% leased, with BPX Energy occupying 80% of the space.
SPONSORED CONTENT
How dispatchable resources enable the clean energy transition
Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).
Crescent also recently reentered the Boulder market, acquiring 16 properties in three business parks.
