AUSWR
The Association of U S West Retirees
 

 

 

Qwest sells 23-story tower
Miller Global pays $108 million for the building, at 1005 17th St.  The phone company's headquarters and some operations will stay downtown.
By Andy Vuong, Staff Writer
Denver Post
Tuesday, December 5, 2006


Qwest has sold its 23-story building at 1005 17th St. to Miller Global Properties for $108 million, the Denver-based phone company said Monday.

US West predecessor Mountain Bell started construction on the roughly 700,000-square-foot granite-and-glass facility 30 years ago and opened the building in 1978.  When it first opened, coins used in pay phones were counted at the building, said Qwest spokesman Bob Toevs.

Qwest, which acquired US West in June 2000, has housed a variety of operations at the facility over the years.  The building has been home to Qwest's state president, a call center and company archives, Toevs said.

Qwest put the property, designed by RNL Design, on the market in June.

Qwest said it will continue to base several of its operations throughout downtown Denver, including its headquarters at 1801 California St.

Paul Hogan, executive vice president of Denver-based Miller Global, didn't return calls seeking comment.

According to its website, the company has invested more than $600 million of equity in real estate over the past six years.

The website says Miller Global owns three other buildings in Colorado, all in Greenwood Village - One DTC at 5251 DTC Parkway, Crescent V at 8450 E. Crescent Parkway and Crescent VI at 8400 E. Crescent Parkway.

Qwest stock closed Monday at $7.85 a share, up 20 cents.

Staff writer Andy Vuong can be reached at 303-954-1209 or avuong32@yahoo.com.

http://www.denverpost.com/business/ci_4779046