R
eal Capital Solutions has acquired the Belleview Tower, a 12-story office building in Denver's Tech Center, for $20 million. The property spans over 200,000 square feet and boasts an occupancy rate of 75%. This purchase price represents less than half of its sale value in 2019.

    "Belleview Tower offers a rare opportunity to acquire a high-demand office space at a fraction of its previous valuation," said Marcel Arsenault, RCS Chairman, CEO, and founder. The firm plans to upgrade the property's amenities, including the fitness center and common areas.

    The acquisition is part of RCS's strategy to capitalize on the growing demand for quality office spaces in Denver. "This asset is well-positioned to attract tenants seeking premium office spaces," said Adam Abeln, RCS Chief Investment Officer. "Our planned spec suite program will address this demand while ensuring the property remains competitive."

    This marks RCS's third acquisition in the Denver area this year, following the purchase of Metropoint I and II in August through a joint venture with Koelbel and Company. The firm has also acquired 116 Inverness Drive East in Englewood.

    With over 40 years of experience, Real Capital Solutions has purchased and managed more than 395 real estate assets worth approximately $5.1 billion. The company owns 80 properties with over $2.4 billion in assets under management.