Crescent, a well-known real estate company in the DFW area, continues to expand its presence in Denver with the recent purchase of Riverview for $129.1 million. The building includes BP America’s headquarters and was sold by Lionstone Investments and California State Teachers Retirement System.
The sale of Riverview marks another successful acquisition for Crescent, following their recent purchase of 16 buildings in Boulder including Flatiron Park North. This is not their first venture into the Denver market as they also own Platte Fifteen office building and have developed two other projects in the area.
In addition to Fort Worth, Crescent has an established office location in Denver where they continue to grow their portfolio. Their previous purchases include Kimpton Hotel Monaco last December and a multifamily property earlier this year at Belleview Station.
Riverview was previously owned by Bill Spicer who sold it for $12 million back in 2016 before being acquired by Crescent. With this latest acquisition, Crescent solidifies its position as a major player within both DFW and Denver’s real estate markets.
