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Artis REIT Buys Out JV Partner In $70M Denver Property Grab

Law360 (March 8, 2018, 8:26 PM EST) -- Canada-based Artis Real Estate Investment Trust said Thursday it has acquired the remaining 50 percent interest of a joint venture for two Denver office buildings for a total of $70 million.

Artis will acquire 1700 Broadway, a 22-story office building located in the uptown area of Denver’s central business district, and a 20-story office building in the midtown region, Hudson’s Bay Centre. Artis will pay $51 million for 50 percent of 1700 Broadway and $19 million for the remainder of Hudson’s Bay Centre.

Both deals closed...
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