Pauls Corporation Acquires Regency Plaza Office In Denver For $57.25 Million From Granite Properties

The property involved in this transaction is an office asset located at 4643 South Ulster Street in Denver, CO. This 15-story building comprises a total of 335,908 square feet. Pauls Corporation acquired the property from Granite Properties for a sale price of $57,250,000, which equates to $170 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $57,250,000
• Square Footage: 335,908
• Price Per Square Foot: $170
• Buyer: Pauls Corporation
• Seller: Granite Properties
• Market: Denver, CO
• Previous Purchase Amount by Seller: $71,250,000
• Previous Purchase Year by Seller: 2019

In this transaction, Pauls Corporation has effectively acquired the Regency Plaza from Granite Properties. This acquisition signifies a shift in ownership after Granite Properties purchased the asset in 2019 for a significantly higher price.