4100 East Arkansas: The Green Solution Headquarters
We pride ourselves on creating lasting partnerships with our clients, working closely with them to determine how our investment, development and brokerage services can be combined to support their business objectives. After working with The Green Solution (TGS) on several transactions over the years, we saw an opportunity to continue our relationship with TGS as they grow. Tributary acted as the buyer broker and will be part of the ownership entity for the property. We will also manage the building renovation for TGS’s corporate office on behalf of the new ownership.
- Total square-footage: 63,335
- Purchase price: $7.34 million
1415 Park Avenue West
The 23,950 square-foot building at 1415 Park Avenue West represented an opportunity to add another catalytic, income-producing asset to our portfolio. Centrally located on the border of Denver’s River North (RiNo) and Lower Downtown (LoDo) neighborhoods, the building is currently 100 percent net-leased to Thrive at Ballpark, a collaborative co-working office concept that provides small business owners and entrepreneurs with a variety of workspaces in which to collaborate and grow their companies. The building was originally purchased off-market as a vacant warehouse from legacy owners. Tributary led the value-add investment through renovations and lease-up with a short-term equity partner and short-term debt.
- Total square-footage: 23,950
- Purchase price: $3,200,000
- Re-capitalized in April 2017 at $6,800,000