Ivy Realty Acquires Office Property In Denver For $26.35M

Ivy Realty has acquired Junction 23, an 86,127-square-foot office property in Denver, Colorado. The property, located at 2323 Delgany Street, was sold for a price of $26.35 million. This asset was originally built as an industrial space in 1975 and was later converted into offices in 2019. The transaction reflects a price per square foot of $306.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $26,350,000
• Square Footage: 86,127
• Address: 2323 Delgany Street
• Market: Denver, CO

The buyer in this deal is Ivy Realty, while the seller is EverWest Real Estate Investors. This acquisition marks an important move for Ivy Realty, expanding their portfolio in the office sector. Their representative in this transaction was not disclosed in the provided information.