Buchanan Street Partners Purchases Office Tower in DTC
Buchanan Street Partners recently acquired 5613 DTC, a 12-story, 224,015-square-foot, transit-oriented office tower located at 5613 DTC Parkway in Denver. Buchanan Street purchased the building from SteelWave, LLC with plans to complete extensive improvements that will attract and retain tenants seeking a first class office environment in one of Denver’s premier office submarket.
Buchanan Street plans to invest significant capital in tenant spaces, common areas and building systems. Additionally, the company will look to strategically improve the tower’s fitness center, lobby and elevators, cafe, conference center, parking deck, and outdoor patios. The building is currently 80 percent occupied with available suites ranging from 2,000 square feet to 17,000 square feet.
Tim Richey, Mike Winn and Chad Flynn of CBRE represented the seller in this transaction. Buchanan Street represented itself. Terms of the deal were not disclosed.
Image courtesy of Buchanan Street Partners