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The owner of a recognizable, 22-story red office building in the Uptown district of downtown Denver has relinquished the property to its lender to avoid foreclosure.

The Denver Business Journal reports that Rising Realty Partners surrendered its Civic Center Plaza building at 1560 Broadway by signing a special warranty deed in lieu of foreclosure. The company spent almost $125 million buying the 22-story building in 2019. Heitman Capital acquired the property.