{"id":1004025246,"date":"2010-12-20T06:25:15","date_gmt":"2010-12-20T14:25:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004025246"},"modified":"2022-12-08T22:56:19","modified_gmt":"2022-12-09T06:56:19","slug":"kbs-closes-on-denvers-561700-sf-granite-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kbs-closes-on-denvers-561700-sf-granite-tower\/","title":{"rendered":"KBS Closes on Denver&#8217;s Granite Tower"},"content":{"rendered":"<p>December 20, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004025247\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kbs-closes-on-denvers-561700-sf-granite-tower\/granite-tower\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg\" data-orig-size=\"1639,2400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jim Havey&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Havey Productions 2010&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Granite Tower\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?w=699\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg\" alt=\"\" title=\"Granite Tower\" width=\"204\" height=\"300\" class=\"alignright size-medium wp-image-1004025247\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg 1639w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=205,300 205w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=768,1125 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=699,1024 699w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=1049,1536 1049w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=1399,2048 1399w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=150,220 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=300,439 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=696,1019 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=1068,1564 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/Granite-Tower.jpg?resize=287,420 287w\" sizes=\"auto, (max-width: 204px) 100vw, 204px\" \/><\/a><\/p>\n<p>In one of Colorado\u2019s largest deals this year, KBS REIT II has purchased a signature property in Denver\u2019s central business district. The 31-story, 561,691-square-foot Granite Granite Tower was bought for $149 million, or $265 per square foot.<\/p>\n<p>The building is more than 95 percent occupied, with current leases by 20 tenants including Anadarko Petroleum Corp., Bill Barrett Corp., and the law firms of Robinson Waters &amp; D\u2019Orsio PC and Jackson Kelly P.L.L.C. Occupancy has remained above 90 percent for the majority of the previous decade.<\/p>\n<p>Located on 18th Street between Arapahoe and Curtis streets, Granite Tower sits in the city\u2019s Lower Downtown Historic District with close proximity to Coors Field and the redeveloped Union Station. It is the ninth Colorado property owned by KBS-affiliated firms, totaling more than 1 million square feet in the state.<\/p>\n<p>Tim Richey, Mike Winn and Chad Flynn of the Denver office of Cushman &amp; Wakefield represented the seller, while KBS REIT II was represented by KBS Capital Advisors. This year, KBS-affiliated firms have added more than 5.5 million square feet of commercial real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 31-story Class A office tower was bought for $149 million, or $265 per square foot. The transaction is one of Colorado&#8217;s largest deals this year, according to KBS.<\/p>\n","protected":false},"author":936,"featured_media":1004025247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747],"tags":[],"class_list":["post-1004025246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KBS Closes on Denver&#039;s Granite Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kbs-closes-on-denvers-561700-sf-granite-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBS Closes on Denver&#039;s Granite Tower\" \/>\n<meta property=\"og:description\" content=\"The 31-story Class A office tower was bought for $149 million, or $265 per square foot. 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