MANVILLE PLAZA SALE BODES WELL CRESCENT'S $91 MILLION DEAL A 'GOOD SIGNAL' DOWNTOWN IS HEALTHY

From: Rocky Mountain News | Date: August 31, 2002| Author: John Rebchook ROCKY MOUNTAIN NEWS | Copyright information

Crescent Real Estate Equities Co.'s long-anticipated purchase of Manville Plaza for $91 million is considered a sign that investors still like downtown.

The deal by Fort Worth-based Crescent is the largest office purchase in Denver in more than a year.

Crescent, which is buying the 29-story, 675,000- square-foot building at 717 17th St., owns the adjacent MCI Tower and Marriott City Center Hotel.

The purchase "sends a good signal," Ben Kelly, spokesman for the Downtown Den...

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