Louisville real estate firm buys Tech Center tower for $20 million

Denver Post | January 2nd, 2025

Real Capital Solutions has acquired the 12-story Belleview Tower in Denver’s Tech Center for $20 million, less than half of its 2019 sale price. The more than 200,000-square-foot office building at 7887 E. Belleview Ave. is 75% leased and located in a high-demand, walkable area near retail and dining. RCS plans to continue upgrading amenities, including the fitness center and common areas, and will add spec suites to attract tenants seeking move-in-ready office space.

The purchase marks RCS’s third Denver-area acquisition in 2025, following the firm’s joint venture purchase of Metropoint I and II in North DTC and its acquisition of an Englewood office building. With more than 40 years in business, the Louisville-based firm has acquired and managed over 395 properties totaling about $5.1 billion in value and currently oversees 80 properties with more than $2.4 billion in assets under management.

Louisville real estate firm buys Tech Center tower for $20 million
Belleview Tower’s purchase price is half of what it sold for in 2019
January 2, 2025
Jessica Alvarado Gamez, The Denver Post

Real estate investment firm Real Capital Solutions acquired the Belleview Tower, a 12-story
office building, for $20 million, according to a Tuesday news release.
With over 200,000 square feet, 7887 East Belleview Ave. in Denver’s Tech Center, the office
building is 75% leased and was acquired for less than 50% of its 2019 sale price.
“Belleview Tower represents an exceptional opportunity to acquire a premier office property in
a high-demand location at a fraction of its previous valuation,” said RCS Chairman, CEO and
founder Marcel Arsenault.
According to the news release, the firm will also continue upgrading the property’s amenities,
including improvements to the fitness center and common areas. The property is also
complemented by walkable access to retail, residential amenities and dining options like DTC
Slice and Ocean Prime.
“This asset is uniquely poised to attract tenants seeking quality office spaces in today’s
competitive market,” said RCS Chief Investment Officer Adam Abeln. “Our planned spec suite
program will address growing demand for ready-to-occupy spaces while ensuring the property
remains competitive in attracting and retaining high-quality tenants.”
This is RCS’s third acquisition in the Denver area this year.
In August, the firm expanded its portfolio by acquiring Metropoint I and II, two office buildings
in North DTC, through a joint venture with Koelbel and Company, a Denver-based real estate
developer. Additionally, the firm acquired 116 Inverness Drive East, an office building in
Englewood.
For over 40 years, RCS has purchased and managed more than 395 real estate assets, totaling
approximately $5.1 billion in acquisition value. The firm is based in Louisville and owns 80
properties with over $2.4 billion of assets under management.

» Link to article