Downtown Denver tower sells.

DENVER: Behringer Harvard announced today its acquisition of 1875 Lawrence, a 15-story office building in the historic LoDo (Lower Downtown) area of Denver's central business district (CBD). Built in 1982 on a half-acre site, the property provides approximately 185,000 s/f of rentable office space. A three-level underground garage provides parking space for tenants.

Prominently situated at the corner of 18th and Lawrence Streets, 1875 Lawrence offers excellent access to Interstate 25 as well as superb mountain and cityscape views. It shares one city block with a planned mixed-use development that will include one of the few high-rise office towers constructed in the Denver CBD since the mid-1980s. The property also is two blocks north of the new Ritz-Carlton Hotel, which opened in January 2008.

Nearby amenities also include Denver's Union Station, which is now undergoing extensive redevelopment, as well as numerous restaurants, the pedestrian-only 16th Street Mall and several upscale residential communities. Behringer Harvard and its investment programs have had a presence in the Denver area for years. Two other Behringer Harvard office properties, both located in Denver's southeastern suburb of Centennial, were acquired in late 2004. These properties include 7400 South Tucson Way and 9100 Mineral Circle, which was sold in February 2008.

The office building at 1875 Lawrence is two blocks east of Alamo Plaza, a 16-story office property acquired in February 2005. Earlier this year, Behringer Harvard invested in Alexan Prospect, a multifamily community under construction in the Central Platte Valley of downtown Denver.