Shorenstein Properties buys asset in Denver

Shorenstein Properties has acquired Rev360, a newly constructed five-story class A office building in the highly desirable River North Art District (RiNo) in Denver. CBRE represented the seller in the transaction.

Terms of the transaction were not disclosed; however, it is estimated to be more than $70 million, according to media outlets.

Located at 3600 Brighton Boulevard, Rev360 is a transit-oriented property uniquely situated by the 38th & Blake Commuter Rail Station and provides convenient commuting options and easy access to Union Station and Denver International Airport. Totaling 170,234 square feet of modern office space, the property features large and efficient floorplates with outdoor terraces, exposed high ceilings, ground-floor retail, a fitness center and the largest parking garage in RiNo.

The transaction expands Shorenstein's real estate holdings in Denver and is complementary to an office project that is currently under constructio