Office-building investor Granite Properties has acquired the five-story High Pointe Tower in Greenwood Village for an undisclosed price.
The 119,834-square-foot building is directly across from Granite’s Plaza Tower One building.
“High Pointe will be a complementary property to Plaza Tower One, enabling us to better serve our growing customer base,” said Stephanie Lawrence, managing director of Granite Properties.
The deal marks the third Denver-area acquisition for Granite since 2012. It purchased the 22-story Plaza Tower One in 2012 and the 12-story Prentice Plaza in the Denver Tech Center in 2013.
Tenants at High Pointe Tower include Hartford Insurance, Trans Union and the U.S. General Services Administration. The property is 81 percent occupied.
High Pointe was acquired in 2007 by Interwest Capital Corp. for $18.2 million. The building’s appraised valued is $11.5 million, according to the Arapahoe County assessor’s office.
Granite Properties is a privately held investor and management company with offices in Atlanta, Dallas, Denver, Houston and Los Angeles. The firm’s national portfolio is valued at $3.6 billion.
