(To read more on the TIC market, click here.)
DENVER-Triple Net Properties LLC of Santa Ana, CA bought the32-story 633 17th St. office tower in the heart of the CentralBusiness District from the Prudential Insurance Co. of America. Aspokesperson with Triple Net says the TIC paid $90.28 million forthe 552,988-sf, class A building.
The building, constructed in 1974 and renovated in 1980, is 88%leased with a strong tenant base, says Mary Sullivan, the CBRichard Ellis broker that represented Prudential with herteammates, Ron Urgitus and Tim Swan. The 21 tenants include the lawfirms of Sherman & Howard, Isaacson Rosenbaum PC, the ColoradoDepartment of Labor and Employment and the Colorado Department ofPersonnel and Administration.
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