Dunton Commercial and Laminar Real Estate have acquired Union Tower, a 205,817-square-foot office tower in Lakewood, for $17.25 million, according to public records—a significant discount from its previous sale price in 2017.
The purchase marks the inaugural partnership between the two locally based firms and reflects continued investor interest in well-located office assets trading at discounted valuations.
Public records show that an entity affiliated with C-III Capital Partners purchased the office tower for $25.25 million in 2017. The Dunton Laminar partnership acquired the asset at approximately 32% less, resulting in a price of $83.81 per square foot.
Union Tower is a well-located, best-in-class office asset with a diverse tenant roster and significant value-creation opportunities through strategic leasing, capital improvements, and hands-on asset management. The property’s strong physical condition, recent capital investments, and location within one of Denver’s most established business corridors made it an attractive acquisition for the partnership.
“We are excited to partner with Laminar Real Estate on the acquisition of Union Tower,” said Nate Melchior, principal at Dunton Commercial. “Both organizations share a disciplined investment approach and a conviction that today’s market presents unique opportunities to acquire high-quality office assets at attractive valuations. We believe Union Tower is well-positioned to benefit from continued tenant demand for quality office space and from our proactive management strategy.”
“We are thrilled to launch our partnership with Dunton Commercial through the acquisition of Union Tower,” said Nate Bradley, principal of Laminar Real Estate. “Dunton’s deep market knowledge, operational expertise, and ownership mindset make them an ideal partner. Together, we look forward to enhancing the property’s performance and delivering long-term value to our investors and tenants.”
The partnership plans to invest in strategic improvements and pursue leasing initiatives designed to enhance the tenant experience while driving long-term value creation.
Larry Thiel and Sean Whitney with JLL represented the seller in the transaction.
Union Tower was acquired with financing provided by First Interstate Bank.
