The deal was handled by Victor Frandson and Tom Wanberg of Grubb & Ellis.

The approximately 125,000-sf office portion of the building was 100% leased by the ailing telecommunication giant Qwest, which has vacated the space.

The only space in the building not empty is the 16,000-sf Metropolitan Club, a private business and dining club that will be remodeled and expanded to include a conference facility on the upper floors.

"We saw the potential of this unique property," says Tom Tacker, who is currently leasing the building.

He says the former single-tenant building is being remolded into a class A property. "This is a value-added situation," he tells GlobeSt.com.

It would cost at least $100 per sf to replace a building of this quality in this class A location, he says. "But it certainly isn't worth that kind of money in today's market," he tells GlobeSt.com.

Goddard hired architect Dan Trinbach of Gary Lee Partners in New York City to act as a design consultant on the building.

Renovation plans include cleaning and polishing the entire facade, a new landscape design, renovation of the water feature at the rear of the building, opening an elevator from the club level to a conference facility on the fourth floor, and new décor in the lobby.

They also plan to bring back an outdoor sculpture garden.

"This is a great location," Tacker says. "We're in the hub of Greenwood Plaza just off I-25, yet buffered from traffic in a park-like setting with incredible views and amenities."