Friday, September 17, 2021

Brokers are selling their downtown Denver office, rehabilitating a former machine shop for headquarters

Alex Ringsby is leaving.

He listed the firm Ringsby Realty, founded in 2002, for its current office building at 1336 Glenrum Place last week for 3.45 million.

According to property records, the two-story, 6,250-square-foot building was purchased from the Colorado Press Association in 2014 for 1.2 million and has occupied the second floor for the past six years.

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Last month, the company traded 1801 W. Colfax Ave. A began a 1 million reconstruction of his new office, which was stuck under the viaduct by the I-25 near the railroad. Ringsby expects the project to be completed by January.

Courtesy of Cord Design Studio

Rendering of new office at 1801 W. Colfax Ave.

“We bought a scrapyard with a machine shop there which we are turning into our office,” Ringsby said. “The area is ripe for growth, and we already own some other property in the vicinity, so we’re keeping an eye on that.”

The firm has a team of eight and specializes in industrial, land and investment properties. According to the company’s website, Ringsby left Cushman & Wakefield to start Ringsby Reality about 20 years ago.

Ringsby Realty bought 0.6 acres of property last year for 60,000, records show. The firm plans to extensively renovate the existing 3,500-square-foot building for its office and add grass and trees, a parking lot, a basketball court and a recreation area for events.

Brokers are selling their downtown Denver office, rehabilitating a former machine shop for headquarters

Lily O’Neill, Businessden

The firm’s new office sits next to the railroad. Ringsby said they plan to include some soundproof additions to stop the noise.

Brokers are selling their downtown Denver office, rehabilitating a former machine shop for headquarters
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