A RiNo office building without tenants that was completed last year has a new owner.
Eagle Point Capital Partners announced Thursday that it and Farallon Capital had purchased $ 40.5 million for The Hub North, the eight-story office building at 3660 Blake St.
The building is about 111,000 square feet, which is worth about $ 365 per square foot.
Eagle Point has offices in Los Angeles and Nashville and acquires and develops office properties in “high-growth, technology-anchored innovation markets”. Hub North is the first acquisition in Denver.
The building has approximately 102,500 square feet of office space and about 8,500 square feet of retail space on the ground floor, according to Eagle Point.
“There are currently no tenants occupied, but we are holding several discussions with potential retail and office tenants,” the company said in a statement. “We are pleased about the interest of the market and are very confident that we can rent the building to a great mix of tenants.”
The building already has outdoor terraces, and Eagle Point co-founder Josh Hatfield said in a statement that the company “plans to create additional tenant-specific outdoor space for select floors” because “we know that health and safety is a top priority as a company to have”. and your employees return to the office. “
Hub North was completed last year by Boston-based Beacon Capital Partners, who also developed the attached The Hub building at 3601 Walnut Street. This building houses the headquarters of Angi (formerly Angie’s List and HomeAdvisor) and EverCommerce, both publicly traded companies. WeWork also had a location in the building but closed it along with others earlier this year.
The second phase of the hub project was originally planned as a hotel, but Beacon decided in 2018 to build more office space instead.
JLL real estate agent Jamie Roupp is marketing the building’s office space. Bryan Slaughter and Julie McBrearty from SullivanHayes are marketing the retail space.
Beacon, a major landlord in Denver, declined to comment on the deal.
Beacon purchased the 1615 Platte St. Circa office building for $ 60 million in June and plans to develop a 12-story office building at 3100 Brighton Blvd. with Denver-based Elevation Development Group, which was also a co-developer of The Hub.