DENVER—Clarion Partners, a leading real estateinvestment manager, has acquired The Station at RiverfrontPark, a 273-unit, class A apartmentproperty in Denver.

|

The Station at Riverfront Park is built on approximately threeacres in Downtown Denver's Riverfront Park at thecrossroads of Union Station, which is currentlyundergoing a significant redevelopment, and the highly desirableLoDo and LoHi neighborhoods. Theproperty's central location provides tenants extremely convenientaccess to several public transportation, retail and dining optionsas well as biking, hiking and running trails.

|

The property was built in 2004 and operates ata high occupancy level. It is comprised of three buildings and eachunit features 9' ceilings, high-end finishes, washers and dryersand double-sided fireplaces. The property offers its tenants accessto a subterranean parking garage, an outdoor pool, clubhouse,fitness center and outdoor communal area.

|

Denver's economy is primarily driven by the educational,professional and business services, energy, and tech sectors. Thearea has benefitted from an urbanization trend, which is making ita desirable place to live and work.

|

“Denver is a vibrant city that offers its residents a highquality of life,” said Dean Rostovsky, a directorat Clarion Partners. “This property, with its central and dynamiclocation, makes a terrific addition to our portfolio inDenver.”

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.