DENVER—Pathfinder Pathfinder Partners, LLC, founded in 2006 to specialize in opportunistic and value-add real estate investments, has sold the Grant Street Mansion—a 20,000-square-foot, historically designated mansion at 1115 Grant Street in Denver. The property was acquired by Unbridled Holdings, LLC of Denver.  

Located in Denver's Capitol Hill neighborhood, Grant Street was built in 1892 and features late Victorian-era, Queen Anne-style architecture with ornate embellishments, milled woodwork and quarter-sewn oak. Two noted turn-of-the-century architects, Erasmus Theodore Carr and William Pratt Feth, designed the original residence. The structure now contains 28 converted office suites within a four-story, 16,000-square-foot main house and three office suites within a two-story, 4,000-square-foot carriage house. 

According to Lorne Polger, senior managing director of Pathfinder Partners, his firm purchased Grant Street in December 2011 through a trustee's foreclosure sale when the mansion was 50% occupied. “We recognized that the Grant Street Mansion was an irreplaceable property located in an outstanding Denver neighborhood known for its combination of historic charm and cosmopolitan ambiance.  Capitol Hill has undergone a significant gentrification—spawning an influx of new businesses, restaurants and young, hip residents.”

Pathfinder invested $200,000 to convert several unused suites to rentable offices, improve the landscaping and security and cure deferred maintenance.  Following the completion of the capital improvements, Pathfinder leased the vacant suites, boosted the rents and stabilized the property's operations.

Grant Street was 95% occupied at the time of sale. Tim Finholm of Denver-based Unique Properties brokered the transaction.

Pathfinder Partners LLC, headquartered in San Diego, California, was founded by Lorne Polger and Mitch Siegler in 2006. to make investments in opportunistic and value-add real estate asserts.