Colorado is trying to sell an office building in Denver’s Cap Hill neighborhood that was previously used by the state’s labor department.
The three-story building at 251 E. 12th Ave. is just shy of 130,000 square feet and was built in 1957. It sits on an acre between Grant and Sherman streets, two blocks south of the Capitol building.
A spokesperson for the Colorado Department of Labor and Employment said in an email that the department shifted “to more remote work models” in the wake of the pandemic and moved staff from the 12th Avenue building to its main office at 633 17th St. about a year ago.
JLL is marketing the 12th Avenue building for sale. The brokerage’s marketing materials do not list a price but call the property an “excellent Cap Hill location for an owner-user or fantastic redevelopment opportunity for multifamily.”
The site is zoned C-MX-8, which generally allows a mix of uses up to 8 stories. Denver’s assessor values the property at $18.1 million, records show.
A portion of the existing building was once used for parking, according to JLL. It was converted into additional office space in 2003.
Labor department employees who moved from Cap Hill to 633 17th St., meanwhile, are on the move again.
The department is in the process of downsizing into 131,000 square feet at 707 17th St. That’s about a third less than the combined 197,000 square feet the department occupied at 621 and 633 17th St.
Read more from our partner, BusinessDen.
Get more business news by signing up for our Economy Now newsletter.
Related Posts:
- U.S. Labor Department Builds “Wall” To “Prioritize Qualified Americans” News The U.S. Department of Labor launched a marketing campaign to promote the Trump administration’s Project Firewall, which is described by the federal government as “an H-1B enforcement initiative that will safeguard the rights, wages, and job opportunities of highly skilled American workers by ensuring employers prioritize qualified Americans when hiring…
- Bulls are building something special, and it starts off the court Uncategorized It’s a game Isaac Okoro doesn’t like playing. “I don’t really like comparing,” the Bulls forward said, as he sat in front of his locker, fresh off a third straight victory to start the regular season. “I’m just not a big believer in comparing teams.” Then came the “but.” Okoro…
- Bulls are building something special, and it starts off the court News Bulls forward Isaac Okoro doesn’t like playing the comparison game. ‘‘I don’t really like comparing,’’ Okoro said as he sat in front of his locker Monday, fresh off the Bulls’ third consecutive victory to start the regular season. ‘‘I’m just not a big believer in comparing teams.’’ Then came the…
- A billionaire, a land swap, gold medal fishing, ‘dinosaur’ trout and a permit proposal anglers are calling a ‘bait and switch’ in Colorado News Just months after the federal government closed on a land exchange with a billionaire, a proposal to institute a permit system on the Blue River has ignited a conversation about river access and fishery health in Colorado. Blue Valley Ranch, a more than 2,000-acre property owned by billionaire Paul Tudor…
- Republicans send Biden autopen report to the Justice Department, urging further investigation News By MATT BROWN and JOEY CAPPELLETTI, Associated Press WASHINGTON (AP) — House Republicans on Tuesday unveiled their long-promised report on former President Joe Biden’s use of the autopen, delivering a blistering critique of his time in office and inner circle that largely rehashes public information while making sweeping accusations about…
(Visited 2 times, 1 visits today)