DENVER-HFF announced today that it has closed the sale of Denver City Center, a two-building, class A office property totaling approximately 1.3 million square feet  in downtown Denver.

HFF marketed the property exclusively on behalf of the seller, Crescent Real Estate Holdings LLC.  Shorenstein purchased the asset.

The two buildings are located at 707 and 717 17th Street and together occupy an entire city block between Stout and California Streets in Denver's Financial District.  Completed in 1981, the 42-story 707 17th Street building is leased to tenants such as Jacobs Engineering and Forest Oil Corporation.  The 29-story 717 17th Street building, also known as Johns Manville Plaza, was completed in 1978 and is leased to tenants including Johns Manville, Baker Hughes and AECOM. 

The HFF team representing the seller was led by senior managing directors John Jugl and Mary Sullivan.

“Denver City Center is one of the area's landmark properties and this sale is the largest of its kind in 2013 and one of largest sales in Denver's history,” said Jugl.

Crescent Real Estate Holdings, headquartered in Fort Worth, Texas, is a fully-integrated real estate company owned by Barclays Capital and Goff Capital.  Through its subsidiaries, Crescent manages and develops premier, class A office buildings and resort residential developments. San Francisco-based Shorenstein Properties is one of the oldest and most successful private real estate investment companies inthe United States.