Matt Joblon wasn’t looking to sell 255 Fillmore St. in Denver.
“Everything we do is for the long term,” the CEO of BMC Investments said. And he was just a few years into a FirstBank loan with favorable rates, so there was no pressure on that end.
But early this year, Newmark broker Tim Richey approached him and said he had buyers “that really wanted Cherry Creek,” Joblon said.
He threw out a number for the seven-story, 93,000-square-foot office building. Richey “had a couple groups at that mark,” according to Joblon.
“There was not much of a negotiation,” he said.
The buyer is an affiliate of Dallas, Texas-based Tradition Holdings, according to public records. The firm paid $92.5 million, or $993 a square foot.
That appears to be the most ever paid per square foot for a major office building in Denver. The previous record was the 2021 sale of Civica Cherry Creek for $921 a square foot.
“Denver continues to get hammered in the press,” Joblon said, referring to headlines over the city’s office market. “To get a positive outcome like this I think is great for Cherry Creek and Denver.”
The deal is also Denver’s largest office transaction of 2026 based on total sale price.
Tradition Holdings, which operates five senior-living facilities in Texas, did not respond to a request for comment. It financed the deal with a two-year, $200 million loan from the Bank of Texas, with options to extend the date by one year and increase the note by an additional $50 million, according to public records.
BMC completed 255 Fillmore St. in 2024. The fully leased building is the headquarters for Crusoe, a data center developer that has 38,000 square feet. French-Vietnamese restaurant Le Colonial sits on the ground floor in addition to Solidcore, a fitness studio.
Other large office transactions in 2026 include the $47.5 million sale of Denver Place, 999 18th St. The Denver Corporate Center II and II buildings, at 7800 and 7900 E. Union Ave., sold for $36 million, and Lumen’s former office campus in Broomfield fetched $15 million.
Joblon is Cherry Creek’s most prolific developer, having built hotels, office space and apartments in the neighborhood. He’s currently building separate office and residential buildings in the 200 block of Milwaukee St., as well as undertaking the Cherry Lane project, which involves office, apartment and retail space.
BusinessDen staffer Matt Geiger contributed reporting.
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