Magnetic Capital and Trinity Investors Purchase 16,000 sf Building in RiNo
The office building at 2734 Walnut will be transformed.
Magnetic Capital and Trinity Investors are proud to announce that the firms have partnered to purchase a 16,000 square foot building located at 2734 Walnut Street in River North (RiNo). The building is vacated office space that will be transformed into an “experiential retail” space and become home to a fast-growing national group that will open its first Denver location at the property.
Experiential retail is a popular trend for people who want more activities than just dinner and drinks out with friends. They want a place where they can have various options to hangout, have fun and spend more time at a single location,” said Dan Huml of Magnetic Capital. “We’re excited to be partnering with Trinity Investors on this concept and are looking forward to announcing the tenant and what they will be bringing to Denver.”
“We are excited for this inaugural partnership with Magnetic Capital and to expand our portfolio in the Colorado market,” said Kevin Carringer, Vice President of Trinity Investors in Denver. “Despite a challenging economic environment, we are still finding compelling opportunities to invest alongside experienced real estate operators like the team at Magnetic.”
The property will begin undergoing an adaptive reuse renovation this summer. Arco Murray is the architect and general contractor.
Magnetic Capital, led by Dan Huml and Chris Carroll, is a privately held real estate investment and development company focused on developing and operating real estate assets often overlooked or undervalued by traditional investment firms. Headquartered in Denver, Colorado, Magnetic Capital is focused on development and multifamily acquisitions opportunities along the Front Range. For more information on Magnetic Capital, please visit https://magneticcap.com.
About Trinity Investors Trinity Investors is an alternative asset management firm providing a world class experience for individuals seeking above-average risk adjusted returns through direct investment in real estate and operating companies. Founded in 1999 with offices in Texas and Colorado, Trinity has invested $2.0B+ of equity into $6.0B+ of commercial real estate and traditional private equity portfolio companies. Currently, the firm’s portfolio consists of 160 commercial real estate assets and 19 operating companies or platforms. For more information on Trinity Investors, at https://www.trinityinvestors.com
