Kenai Capital Advisors Facilitates Sale of 98,577 Square Foot Historic Office Building in on 16th Street Mall in Denver, Colorado
DENVER – Kenai Capital Advisors (“Kenai”) today announced the successful sale of The George, a 98,577-square-foot historic office building on the iconic 16th Street Mall of Denver, Colorado. Located at 820 16th St and also known by its previous moniker The Symes Building, the property was sold fully vacant, with potential for an office lease-up strategy or adaptive re-use conversion.
Kenai represented the lender-owner in this transaction. The all-cash buyer is pursuing an aggressive commercial lease-up strategy to rapidly fill up the vacant spaces, many of which are in turnkey condition.
The sale closed on October 21, 2026, less than 30 days after the contract was executed. In a downtown Denver office market where comparable buildings with higher occupancy have traded at lower values per square foot, Kenai delivered an outcome that met both of its client’s priorities: maximum recovery and certainty of close.
“Our lender client wanted the strongest possible recovery without sacrificing surety of execution, and those two goals don’t always line up in today’s downtown office market,” said Canyon Law of Kenai Capital Advisors. “By focusing on all-cash buyers who could move quickly, we were able to achieve a price that outperforms recent comparable trades and close in under 30 days. We’re proud to be part of the new wave of ownership taking hold in the CBD, which we believe will revitalize the area and drive occupancy and economic growth downtown.”
The transaction further underscores Kenai Capital Advisors’ special situations expertise in the Denver office market. Kenai continues to advise lenders, special servicers, and receivers on maximizing recovery through tailored sale processes and disciplined execution.
Kenai Capital Advisors is an investment sales and capital markets advisor based in Littleton, Colorado. Kenai focuses on office, industrial, multifamily and retail asset sales and equity capitalization across the Mountain West region. Comprised of industry veterans with over $6 billion in transactional volume and 20 million square feet of management experience, Kenai strives to make every property recommendation with the clear goal of maximizing investor returns.
