Press Release brought to you by NAI Shames Makovsky

820 16th Street Sells for 24.5M

12/13/2018

Denver, CO – 12/13/2018 – NAI Shames Makovsky announces the sale of 91,996 SF at 820 16th Street, Denver, CO for $24,500,000. NAI Shames Makovsky brokers Dorit Fischer, Hayden Hirschfeld, Trent Rice and Connor Donahue represented the Seller, 820 16th Street, LLC. The Buyer was Harbor Associates (“Harbor”).

Harbor Associates is a joint venture formed in 2015 between the three Principals of Harbor and The Bascom Group. Harbor’s Principals pair their first-hand knowledge of millennial preferences with best-in-class institutional and operator experience to deliver superior returns. The deal marks Harbor’s third downtown Denver acquisition in the past 15 months whose portfolio is now over 375,000 SF. 

Also known as the Symes Building, the property is well-located downtown on the 16th Street Mall. The seller undertook renovations and improvements to the common-area corridors including the flooring, wall treatments, lighting, signage, and restrooms. Harbor plans additional improvements that will add amenities, interior and exterior improvements, and more creative office features to the existing space.  The Symes Building presents a unique combination of historic office space with a fantastic location close to restaurants, hotels, shopping, parking, and light rail.

 

About NAI Shames Makovsky

NAI Shames Makovsky has been shaping the Denver commercial real estate landscape since 1971 by providing solution-driven, innovative, and decisive services to the community. Our full suite of offerings includes brokerage, development, property management, and lending—allowing us to successfully address the most challenging real estate situations.

NAI Shames Makovsky is known for a unique, considered, and visionary approach under any circumstance. We listen and understand first; speak second. NAI Shames Makovsky is a company where nothing is hidden, confidence is earned, and lasting relationships are nurtured. We place honesty and equality above all else and work hard to ensure client satisfaction. NAI Shames Makovsky believes in strongly supporting the community by assisting with its growth and development while providing rewarding financial opportunities for our clients.

 

For more information visit, www.naishamesmakovsky.com or call 303-534-5005.

 

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