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Denver Panasonic Building Captures Sale Price Almost Double Market Rate

‘Smart’ Building, Location Drove Investor Interest
The PESCO building in Denver has sold for $22.5 million. (CoStar)
The PESCO building in Denver has sold for $22.5 million. (CoStar)
By Molly Armbrister
August 2, 2019 | 8:34 P.M.

An investor has paid a premium price for an industrial building developed in Denver to house a division of Japanese consumer products giant Panasonic, thanks to the property’s reputation as a “smart” building and its location in an anticipated growth corridor.

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