A shuttered private school in the Highlands has been sold, and the new owner plans to convert the building into offices.

Alpine Investments Denver purchased 2949 Federal Blvd., the former site of K-12 school Escuela Tlatelolco, this week for $3.85 million, according to property records.

Alpine owner Churchill Bunn said his firm plans to spend between $500,000 and $750,000 to renovate the 20,700-square-foot building, not counting the cost of tenant improvements.

Bunn said Alpine initially will target medical users. He said tenant improvements could begin as early as first quarter 2018.

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