The Denver Broncos have purchased another lot by Burnham Yard, where the team plans to build a new stadium.
The property at 480 Osage St. in Denver sold Monday to Dunhill Acquisition Co. LLC, according to public records.
A spokesman for the Broncos did not respond to a request for comment Tuesday. But aspects of the deal match other property purchases the Broncos have confirmed they are behind, including the all-cash nature, the date the LLC was formed and the law firm involved.
The team paid $13 million for the 2.7-acre property, which last sold in 2003 for $2 million, according to public records. Denver’s assessor values it at $6.2 million.
The property was previously used by Cemco, a California-based steel fabricator. The company has moved its local operations to Commerce City, where it purchased a property in August.
The property was sold by Raymond Poliquin, who was CEO of Cemco at the time of its 2022 sale to Japanese steel giant JFE Holdings. Brokers representing Poliquin did not respond to requests for comment Tuesday.
BusinessDen broke the news in June that the Broncos had quietly bought up $150 million in private property near Burnham Yard, a former railyard owned by the state thatap about a mile from Empower Field at Mile High.
The team confirmed in September that it wants to build a stadium-anchored project on Burnham Yard, nearby private property and land owned by Denver Water, which will have to relocate some operations.
The purchase of the Cemco property is notable because it is one of a handful of properties the Broncos have bought south of Sixth Avenue. The team’s holdings there are disjointed, suggesting that the Broncos will buy additional properties to fill in the gaps.
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