Denver office tower bought for $194M

ByWhitney Denison|Dec 31, 2018|Industry News, Local Real Estate, News

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DENVER — Real estate investment firm Hines recently purchased the U.S. Bank Tower in Denver’s Union Station neighborhood for $194 million, according to a Denver Business Journal report.

The deal for the 26-story, 500,000-square-foot office tower at 950 17th St. was closed late last week.

The seller was Ivanhoe Cambridge Inc., who bought the property in 2007 for nearly $140 million, the DBJ reports.

Major tenants include U.S. Bank and Liberty Oilfield Services.
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