Stan Kroenke Acquires Historic Denver Office Near Ball Arena For $5.6M From Alex Ringsby

This transaction involves the sale of an office property located at 1123 Auraria Parkway, Denver, CO. The asset spans 21,500 square feet on a 70-acre site, with a sale price set at $5,600,000, equating to a price per square foot of $260.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,600,000
• Sale Date: 12/17/2024
• Address: 1123 Auraria Parkway
• Market: Denver, CO
• Acres: 70
• Buyer: Stan Kroenke
• Seller: Alex Ringsby
• Buyer’s Representative: Darrin Revious - Pinnacle Real Estate Advisors
• Seller’s Representative: Scott Patterson - Ringsby Realty Corporation
• Square Footage: 21,500
• Price per Square Foot: $260

Stan Kroenke, the buyer, is noted for his plans to incorporate this historic 123-year-old property into a broader redevelopment initiative around the Ball Arena, which includes the development of 6,000 homes, retail spaces, and public areas. This follows the approval of rezoning by Denver.