Patience Pays Off for Ballpark Office Building
Denver – (December 30, 2010) – In a depressed commercial real estate market, most brokers say, ‘a deal is a deal.’ However, Cassidy Turley Fuller Real Estate broker Kittie Hook would not settle for just any deal for her listing at 2300-2346 Blake Street. In her mind, the former warehouse space turned office building just a block from Coors Field presented such a unique opportunity, that not just any offer would do. Her persistence paid off just in time for the New Year with the significant sale of the building two days before 2011.
The 44,679 SF building’s history dates back to 1910 when it was originally constructed as a warehouse facility. Since then, the space has seen various occupants but maintained most of its primary appearance until a complete renovation in 2000 turned it into the distinctive, trendy space it is today. Working in line with the overall transformation of the Ballpark area, this renovation preserved the history of the building while enhancing the creativity and innovation it portrayed and elevating the efficiency and technology the building offered. The architectural improvements led to numerous awards and wide-spread recognition for the space.
When the building went to market at the end of 2008, Hook was faced with the challenge of marketing a rare commercial real estate listing while enduring a market that was rapidly declining. Although the interest was there, it was a struggle to find the perfect fit for the building.
“There was so much interest in the building from the very beginning. Everyone who toured it fell in love with it. We were not seeking just any buyer though, we needed the perfect buyer that would appreciate the space and make it their home.”
With patience in mind, the right buyer eventually surfaced after over two years on the market. A local non-profit organization just closed on the building for a mutually-agreed upon price. States Hook,
“The completion of this transaction in 2010 is monumental. This historic building represented a truly rare prospect with its ideal LoDo location, onsite parking lot and award-winning preservation/renovations. It’s building such as this that make Downtown the thriving, distinguished area that it is today and will continue to be in the future.”
Kittie Hook has been with Cassidy Turley Fuller Real Estate, formerly Fuller Real Estate, for 14 years and has over 20 years experience in the real estate industry. She is a Senior Vice President with the company.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 427 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley has served the international needs of its clients since 1985. In 2010, the firm enhanced its global service delivery through its partnership with GVA Grimley. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets. Please visit www.cassidyturley.com for more information about the company.
Cassidy Turley Fuller Real Estate offers 55 years of history within the Colorado real estate landscape. With almost 100 professionals and three offices serving Denver and the Front Range, the company manages multiple-million square feet of office, retail, multi-family and industrial space, has more listings than any other brokerage house in the area and has sold more land than our competitors combined.