When tenants at a Unico building in the Denver Tech Center mistakenly received a lender default notice intended for a different tenant in a small neighboring building, our property management team took note that a troubled asset situation was unfolding, and alerted their acquisitions counterparts.
While this distressed retail asset offered some synergies with our neighboring office tower, the key was the heads-up connection our acquisitions officers made that the private owner of this building was also the owner of the much larger Writer Square – which we coveted for its location and upside levers.
Located in downtown Denver, Writer Square is a
181,431 mixed-use office, retail and parking center