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Historic Peters Paper Building in LoDo Sells for $14,750,000

Posted by Emily Lemere on December 8, 2020
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Just Sold – Peters Paper Building

Denver, CO  (December 1, 2020) —Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce that Sam Leger and Tim Finholm sold 1625-1631 Wazee Street, known as the Peters Paper Building, on December 1, 2020. The 49,316 square foot office building is located three blocks from Union Station in the historic Lower Downtown neighborhood which has become one of Denver’s most desirable office submarkets. 1625-1631 Wazee sold for $14,750,000 and was 100% occupied at the time of the sale by local vacation club, Inspirato.

The seller, Some Place On Wazee, LLC, had been the owner since 2004 and acquired the property as an investment. 1625-1631 Wazee was purchased by Paper Building, LLC who plans to hold the property as an investment. Sam Leger and Tim Finholm with Unique Properties were the exclusive agents to the seller. Despite Covid-19’s continued presence, Denver’s office market remains strong and Unique Properties is proud to continue to carry deals to the closing table under any circumstances.

About Unique Properties, Inc. / TCN Worldwide

Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land, and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transactions in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.

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