DaVita-anchored office tower sold to Invesco Real Estate just days after construction began
By: Emily Rusch, Denver Post
A 19-story downtown office tower to be anchored by DaVita HealthCare Partners has traded hands mere days after the start of construction.
Invesco Real Estate purchased the land, as well as the construction rights, for 16 Chestnut, a 430,000-square-foot office building at the corner of Chestnut Place and 16th Street near Denver Union Station, Starwood Capital Group and Denver-based East West Partners announced Monday. The terms of the deal were not disclosed.
East West will stay on in its role as developer of the $190 million project, and Invesco ultimately will own the completed office tower. Construction began last week.