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Knightbridge Capital and Westside Investment Partners purchased a Douglas County office building for $14M.
The companies acquired 400 Inverness, across Interstate 25 from Park Meadows Mall at the entrance to the Inverness business park, in an off-market deal, according to the Denver Business Journal. The Class-A building, completed in 1997, is 112K SF and was renovated last year.
At the time of the sale, the building was 93% leased. The Inverness office was sold by VMC Metro LLC.
The building was last purchased by a group of investors in 2019 as part of a portfolio that included three other offices and involved $52M in financing from VMC Lending, according to DBJ. The group surrendered ownership of 400 Inverness to VMC in 2024.
The acquisition is the fourth purchase in two years by the partnership of Knightbridge and Westside, with the acquired offices totaling 500K SF. The team plans to continue to pursue office acquisitions.
JLL represented the seller, while Colliers advised the seller on leasing. Purchase financing was provided by FirstBank, which PNC Bank acquired last year.
Last year, Westside purchased two distressed downtown office properties: The Link at 1490 Curtis St. for $7.2M and the two-tower Lincoln Crossing for $10M, according to The Denver Post.
Denver’s distressed assets have fueled sales since the middle of 2025, including many acquisitions slated for conversion to residential units. In an application to the Denver Downtown Development Authority for funding, Westside said it had plans to convert one of the Lincoln Crossing towers into residences.
In a Q4 investment sales report, Avison Young lists 91 office sales in Denver last year, with a total dollar volume around $1.2B, a 40% increase over 2024.
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