In 2006, 1860 Blake Street Terrace became the strategic first property acquisition in the MAVD expansion into Colorado. This 91,000 SF office property has a three-story brick and timber structure joined by a soaring 10-story contemporary tower, and an integrated parking deck. Located in beautiful, historic Lower Downtown Denver, 1860 Blake Street boasts terrific amenities. The building is within walking distance to Coors Field, Union Station, the 16th Street Mall, RTD transit hubs, and the dining, shopping, and entertainment that make LoDo among the most popular destinations in Colorado.
The 2006 acquisition was immediately followed by common area renovations which led to rapid rental rate increases while maintaining occupancy above 95%.
Following a recapitalization with an institutional equity investor in 2013, MAVD led the sale of the property in 2016. Outstanding returns were provided to all the investors in this property throughout MAVD’s involvement.