News

Pathfinder Turns 1115 Grant Street Mansion Around

Investor interest in Denver makes it a good time to sell, according to Pathfinder Partners senior managing director Lorne Polger, snapped near Cabo with a deep-sea catch. Recently Pathfinder sold the 20k SF Grant Street Mansion at 1115 Grant St in Capitol Hill, an historic property that has 31 office suites (in the main building and a carriage house). The property was acquired by Unbridled Holdings of Denver.

Lorne says Pathfinder--a SoCal-based opportunistic investor--bought Grant Street (pictured here in front of what can only be described as so-blue-how-can-they-not-be-fake skies) in December 2011 through a trustee’s foreclosure sale, when the mansion was only 50% occupied. It was attracted to the neighborhood known for historic charm and cosmopolitan ambiance. The company spent $200k to convert several unused suites to rentable offices, improve the landscaping and deal with deferred maintenance. It's now 95% occupied.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

Developer Seeks Permit For Denver Energy Center Conversion Project

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Lender Requests Receiver For X Denver Apartment Building Near Coors Field

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

Nearly 35K SF Shopping Center Sells For $8.5M: The Denver Deal Sheet

Racing To The Finish Line: How Early Prefabrication Keeps Projects On Time

Greystar Sells Denver Apartment Building For $110M

Downtown Denver's Office Vacancy Is Still Above 30%. Reviving It Will Take A 'Big Investment'

Wellness Spa Proposed At Former Greyhound Site: The Denver Deal Sheet

Aerospace And Defense Company Opens 60K SF Facility In Arvada

Local Coffee Shop To Open Third Location: The Denver Deal Sheet