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Local Developer Scoops Up Denver Tech Center Building as Office Valuations Continue To Plummet

Koelbel & Co. Drops $26 Million for Discounted Property in Bet on Market’s Imminent Recovery
The Axis Tower in Greenwood Village, Colorado, is the latest office property to trade in the Denver Tech Center area for a deep discount. (CoStar)
The Axis Tower in Greenwood Village, Colorado, is the latest office property to trade in the Denver Tech Center area for a deep discount. (CoStar)
CoStar News
June 25, 2024 | 10:11 P.M.

Translated from English.

A prominent Denver development firm has stepped up to take advantage of the city's depressed office valuations with a $26 million deal for a building in one of the region's fastest-growing employment hubs.

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