This is a prime example of what Northstar does best – acquiring a distressed, mostly vacant asset, improving the property, securing tenants, and selling the property to long-term holders of commercial real estate.
DENVER, Feb. 26, 2019 /PRNewswire/ — Today, Northstar Commercial Partners announced the sale of its Northfield Business Center office building in Denver, Colorado for $4,330,000 on February 20, 2019. The property was originally bought as a strategic value-add play in 2015. The building was approximately 29.6% leased upon acquisition, and after improving the property and …