German company Union Investment has acquired the Triangle Building in Lower Downtown Denver for $154 million.
The 10-story building, at 1550 Wewatta, is home to Liberty Global and WeWork. Construction was completed in 2015.
Union purchased the property from an affiliate of Starwood Capital Group and East West Partners, the property's developer.
“Through a competitive process, we ultimately selected Union Investment for the Triangle because they are a great owner and manager of buildings,” said Chris Frampton, managing partner at East West Partners. “Union Investment owns iconic buildings in core locations all over the United States and Europe, and we believe the Triangle Building belongs in a portfolio of that caliber and quality.”
Read more at the Denver Business Journal: http://bit.ly/2pOXYYg