Investment Strategy That Works
We rely on our robust market knowledge and insight to find overlooked or under-the-radar commercial real estate investment opportunities in Denver. With our selective and intentional approach to investment, we work toward maximizing returns with quality projects that catalyze sustainable growth in the Denver metro area.
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