Magnetic Capital and Integra Land Company have announced the purchase of an office building located at 421 N. Broadway and the adjacent parking lot at 433 N. Broadway in Denver. The location is the current office location of Fentress Studios, a Populous Company. The properties sold for $12.75 million, according to property records.
Magnetic Capital and Integra Land Company have no immediate plans for the property, but at a future date, plan to redevelop the site into a multifamily community with approximately 280 units.
“We are excited to partner with Integra Land Company and invest in the future of the historic Baker neighborhood,” said Dan Huml of Magnetic Capital. “The Broadway corridor is an important arterial of Denver, and the addition of thoughtfully planned housing will further strengthen and support its continued growth.”
In June 2025, Populous, the world-renowned design firm specializing in sport and entertainment venues, acquired Denver-based Fentress Architects, a global leader in iconic aviation projects and prominent public buildings, including convention centers, museums, and government facilities.
Magnetic Capital, led by Dan Huml and Chris Carroll, is a privately held real estate investment and development company focused on developing and operating real estate assets often overlooked or undervalued by traditional investment firms. Headquartered in Denver, Magnetic Capital is focused on development and multifamily acquisition opportunities along the Front Range. The company recently completed the construction of 2nd & Adams in Cherry Creek North, a 100,000-square-foot mixed-use office building, 100% leased to tenants including Bow River Capital and Boka Restaurant Group.
Integra Land Company is a privately held real estate development firm specializing in multifamily housing, headquartered in Lake Mary, Florida, with regional offices in Denver and Charlotte, NC. Over the past 30 years, Integra has built a portfolio of lifestyle-oriented communities across high-growth markets, developing more than $2 billion in real estate, totaling over 12,000 multifamily units.
