Trammell Crow Sells Denver High-Rise to EQR

DENVER—Equity Residential has entered the Denver market with the purchase of the recently completed Alexan Uptown apartment tower here from Trammell Crow Residential.

The deal for the 372-unit building reported by Holliday Fenoglio Fowler, L.P. marks Equity Residential’s return to the Denver multifamily sector since its exit in January 2016. No financial terms of the transaction were released.

Located at 1935 Logan St., Alexan Uptown is a 12-story luxury building that was completed in 2017 and features studio, one- and two-bedroom floor plans averaging 771 square feet. Units include high-end finishes, such as: premium cabinetry, quartz countertops, stainless steel appliances, oversized windows, high ceilings, mudrooms, custom closets and balconies.

Community amenities include a resort-style pool and spa offering views of downtown, Coors Field and the Rocky Mountains; a state-of-the-art fitness center with yoga, cross training and spin studios; fifth-floor games lawn; clubhouse; catering kitchen; resident lounge; business center; pet spa and electric car charging stations.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and director Anna Stevens.

“The offering attracted significant buyer interest due to its prime location in the core, walkable, highly-amenitized Uptown neighborhood of downtown Denver,” Robbins noted. “TCR did an excellent job in the development of the building, and we are pleased to have worked with Equity Residential on their re-entry into the market.”