Colorado Real Estate Journal

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1536 Cole Blvd Ste 300
Lakewood, CO 80401
+1 (303) 623-1148
http://crej.com

Artis Real Estate Investment Trust, a Canadian REIT, has acquired the remaining 50 percent interest in two Class A office buildings in downtown Denver for $70 million. The buildings, 1700 Broadway and Hudson's Bay Centre, were previously owned in joint ventures with MDC Property Services Ltd. Artis purchased a 50 percent interest in 1700 Broadway in 2013 and acquired the remaining joint venture interest for $51 million. Hudson's Bay Centre, a 20-story building on the 16th Street Mall, was acquired by Artis in 2014 and the remaining interest was bought for $19 million.

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