DENVER—Clarion Partners, a leading real estate investment manager, has acquired The Station at Riverfront Park, a 273-unit, class A apartment property in Denver.
The Station at Riverfront Park is built on approximately three acres in Downtown Denver’s Riverfront Park at the crossroads of Union Station, which is currently undergoing a significant redevelopment, and the highly desirable LoDo and LoHi neighborhoods. The property’s central location provides tenants extremely convenient access to several public transportation, retail and dining options as well as biking, hiking and running trails.
The property was built in 2004 and operates at a high occupancy level. It is comprised of three buildings and each unit features 9′ ceilings, high-end finishes, washers and dryers and double-sided fireplaces. The property offers its tenants access to 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. The area has benefitted from an urbanization trend, which is making it a desirable place to live and work.
“Denver is a vibrant city that offers its residents a high quality of life,” said Dean Rostovsky, a director at Clarion Partners. “This property, with its central and dynamic location, makes a terrific addition to our portfolio in Denver.”