JV Buys Distressed Denver Highrise

JV Buys Distressed Denver Highrise

Two prominent real estate investment firms have joined forces to acquire The 410, a 24-story office building situated in the bustling Downtown Denver area. Cress Capital and E2M Ventures, both well-respected players in the industry, successfully acquired the property’s loan earlier this year through a deed-in-lieu of foreclosure agreement with previous owner Ares Management. The original balance of $113 million was reduced to an unpaid balance of $96.2 million.

Located at 410 17th Street, this property underwent significant renovations in 2021 and boasts approximately 440,000 square feet of prime office space as well as a detached eight-story parking structure.

Conveniently located just blocks away from the Colorado State Capitol building, this modern highrise features an impressive lobby and top-notch amenities such as a state-of-the-art fitness center and conference facilities. Tenants can also enjoy an inviting outdoor lounge area and grab their caffeine fix at Little Owl Coffee Bar. Additionally, there are nearly 35

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