Principal sells Downtown office tower, Security Life Center, near Colorado Capitol building at a 30% discount for $22.4M ($88psf)

5/14/2025

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Denver Business Journal

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• Subcategory: Office: CBD

• Tag: Auction | Sale

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Principal Asset Management

Story Highlights
New York LLC buys Denver office tower for $22.4 million.
Building sold at significant discount from 2005 purchase price.
Sale occurs amid defaults of other downtown Denver office properties.

Principal Asset Management

Kyle Elfers | Managing Director, Portfolio Management

[email protected]

515-247-6582