A 41-acre property centered around The Denver Post’s former printing and distribution center in the northwest reaches of Denver has been sold for an undisclosed sum.
The “Fox North” property at 4400 Fox St., in the city’s Globeville neighborhood, had been owned since 2008 by a joint venture created by Denver-area firms Woodspear Properties and Ascendant Development Corp. On Wednesday, those companies sold to Vita Fox North, an international partnership formed between Indianapolis-based Pure Development and Interland, out of Mexico City, according to a news release from real estate services firm CBRE.
CBRE represented the sellers in the transaction.
The property, near the 41st and Fox RTD rail station, was rezoned by the City Council last summer to allow for construction of buildings as tall as 12 stories, according to reporting in Denverite. The council followed that up by rezoning another parcel in the so-called “Fox Island” area of Globeville in February, allowing for buildings as tall as eight stories there. That property could be home to 120 micro apartments.
“One block from the Fox Street RTD Station and one stop away from Union Station, the site is one of the largest and most exciting urban (transit-oriented development) sites in the metro area,” CBRE senior vice president Eric Roth said in a news release. “We are confident that the new ownership will be strategic in their vision to create placemaking and ultimately a special project.”
The purchase included the 320,000-square-foot facility where The Denver Post formerly printed its daily newspaper and ran its distribution operations. The Denver Post today prints and distributes from a facility at 5990 Washington St. in Adams County.
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