{"id":1495,"date":"2026-06-11T04:03:41","date_gmt":"2026-06-11T04:03:41","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1495"},"modified":"2026-06-11T04:03:41","modified_gmt":"2026-06-11T04:03:41","slug":"joblon-sells-cherry-creek-office-building-for-93m-in-biggest-deal-of-year","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1495","title":{"rendered":"Joblon sells Cherry Creek office building for $93M in biggest deal of year"},"content":{"rendered":"
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Getting your Trinity Audio player ready…<\/strong><\/div>\n
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Matt Joblon wasn\u2019t looking to sell 255 Fillmore St. in Denver.<\/p>\n

\u201cEverything we do is for the long term,\u201d the CEO of BMC Investments said. And he was just a few years into a FirstBank loan with favorable rates, so there was no pressure on that end.<\/p>\n

Read more DDDA application reveals CU\u2019s plans for Independence Plaza<\/a><\/p>\n

But early this year, Newmark broker Tim Richey approached him and said he had buyers \u201cthat really wanted Cherry Creek,\u201d Joblon said.<\/p>\n

He threw out a number for the seven-story, 93,000-square-foot office building. Richey \u201chad a couple groups at that mark,\u201d according to Joblon.<\/p>\n

\u201cThere was not much of a negotiation,\u201d he said.<\/p>\n

The buyer is an affiliate of Dallas, Texas-based Tradition Holdings, according to public records. The firm paid $92.5 million, or $993 a square foot.<\/p>\n

That appears to be the most ever paid per square foot for a major office building in Denver. The previous record was the 2021 sale of Civica Cherry Creek for $921 a square foot.<\/p>\n

\u201cDenver continues to get hammered in the press,\u201d Joblon said, referring to headlines over the city\u2019s office market. \u201cTo get a positive outcome like this I think is great for Cherry Creek and Denver.\u201d<\/p>\n

Read more Evacuations ongoing for Spring Creek fire northeast of Aspen<\/a><\/p>\n

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The deal is also Denver\u2019s largest office transaction of 2026 based on total sale price.<\/p>\n

Tradition Holdings, which operates five senior-living facilities in Texas, did not respond to a request for comment. It financed the deal with a two-year, $200 million loan from the Bank of Texas, with options to extend the date by one year and increase the note by an additional $50 million, according to public records.<\/p>\n

BMC completed 255 Fillmore St. in 2024. The fully leased building is the headquarters for Crusoe, a data center developer that has 38,000 square feet. French-Vietnamese restaurant Le Colonial sits on the ground floor in addition to Solidcore, a fitness studio.<\/p>\n

Other large office transactions in 2026 include the $47.5 million sale of Denver Place, 999 18th St. The Denver Corporate Center II and II buildings, at 7800 and 7900 E. Union Ave., sold for $36 million, and Lumen\u2019s former office campus in Broomfield fetched $15 million.<\/p>\n

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Joblon is Cherry Creek\u2019s most prolific developer, having built hotels, office space and apartments in the neighborhood. He\u2019s currently building separate office and residential buildings in the 200 block of Milwaukee St., as well as undertaking the Cherry Lane project, which involves office, apartment and retail space.<\/p>\n

Read more From abandoned building to lively hub, Aurora\u2019s Stanley Marketplace on cusp of new era with sale<\/a><\/p>\n

BusinessDen staffer Matt Geiger contributed reporting<\/em>.<\/p>\n

Read more from our partner, BusinessDen.<\/em><\/p>\n

Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A seven-story Cherry Creek office building was purchased by Dallas, Texas-based firm Tradition Holdings for $92.5 million.<\/p>\n","protected":false},"author":1,"featured_media":1494,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nJoblon sells Cherry Creek office building for $93M in biggest deal of year - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=1495\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joblon sells Cherry Creek office building for $93M in biggest deal of year - 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