Magnetic Capital and Trinity Investors are excited to announce their joint acquisition of a 16,000-square-foot building in RiNo. The building is vacated office space that will be transformed into an “experiential retail” space and become home to a fast-growing national group that will open its first Denver location at the property.
“Experiential retail is a popular trend for people who want more activities than just dinner and drinks out with friends. They want a place where they can have various options to hangout, have fun and spend more time at a single location,” said Dan Huml of Magnetic Capital. “We’re excited to be partnering with Trinity Investors on this concept and are looking forward to announcing the tenant and what they will be bringing to Denver.”
“We are excited for this inaugural partnership with Magnetic Capital and to expand our portfolio in the Colorado market,” said Kevin Carringer, Vice President of Trinity Investors in Denver. “Despite a challenging economic environment, we are still finding compelling opportunities to invest alongside experienced real estate operators like the team at Magnetic.”
The property will begin undergoing an adaptive reuse renovation this summer. Arco Murray is the architect and general contractor.
