"A majority partnership interest in Independence Plaza is anexcellent addition to our existing portfolio of office properties,"says Greg Blomstrand, senior portfolio manager with American RealtyAdvisors, which has more than $1.5 billion in its portfolio. "Weare very optimistic the Denver CBD leasing market will continue togain strength and want to be in position with one of the trulyquality office buildings when the market fully recovers."

Completed in 1971, the 567,000-sf Independence Plaza is on afull city block between 16th and 17th streets and between Curtisand Arapahoe, is 25 stories tall and has heated parking for 691cars. Amstar bought the building in October 1993 and upgraded thebuilding during its ownership with new HVAC mechanical systems,elevator mechanics, common area upgrades and other tenantamenities.

The building initially was called Prudential Plaza, but Amstarchanged the name to reflect its western heritage. Tenants atIndependence Plaza include Rock Bottom Brewery; Paradise Bakery;Questar; CQG; Shughart, Thomson & Kilroy; Intrawest andAT&T Wireless. The building is currently 90% leased.