EverWest Real Estate Partners, in partnership with WHI Real Estate Partners L.P., is pleased to announce the acquisition of 2323-2355 Delgany Street. The property is located at the intersection of Park Avenue and Delgany Street in the Denargo neighborhood of Downtown Denver, which is situated between River North ("RiNo") and Lower Downtown Denver ("LoDo"), two of the fastest growing submarkets in Denver. This property is approximately 800 feet from Coors Field, 5-blocks from the highly-amenitized Ballpark submarket, half a mile from Union Station, and 5-blocks from the RiNo submarket.
The building totals 83,133 sf, sits on 3.46 acres, and is currently 100% leased to three tenants. In its current condition, the asset is utilized as industrial and data center space. Over the next two years, this asset will undergo extensive renovations to be re-positioned into creative office space. Renovations are scheduled to begin in 2017.
Larry Lance, Managing Principal comments, "This project is a fantastic opportunity to help fulfill the increasing demand for open-concept, creative office space in Denver. The growth in RiNo and LoDo has put the Denargo neighborhood on the map as an up-and-coming, mixed-use community . We believe restoring the existing structure to create a unique office concept will be a great addition to the community as well as our portfolio."