CoStar Group - December 1, 2006
American Properties Inc. of New York acquired the 320,000-square-foot Denver News Agency Building from Wachovia Development Co. of Charlotte, NC for $93.42 million, or about $292 per square foot.
The downtown Denver property sits at 101 W. Colfax Ave. and is fully occupied by the Denver Newspaper Agency, which publishes The Denver Post and Rocky Mountain News under a joint operating agreement designed to preserve editorial competition. Combined business operations are managed by The Agency, which is equally owned by MediaNews and The E. W. Scripps Co.
Both parties were represented in-house.
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Sunday, December 03, 2006
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