Two DTC office buildings have sold at a loss — even compared to what they fetched in the 1990s.
The neighboring structures at 8350 E. Crescent Parkway and 8390 E. Crescent Parkway in Greenwood Village were purchased last week by Glendale-based Westside Investment Partners and Denver-based Knightbridge Capital.
The firms paid $11.85 million for the larger of the two: the 135,000-square-foot building at 8390 E. Crescent. The seller paid about $30 million for it in 2015, according to public records. That’s a drop of 61 percent.
The firms paid $2.3 million, meanwhile, for the 82,000-square-foot 8350 E. Crescent building, which last sold in 2014 for $17.25 million, records show. That’s a drop of 87 percent.
Construction on the buildings was completed in 1995 and 1997. Both sold that decade at least double last week’s prices.