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Denver

PAULS Acquired Regency Plaza Office Tower in Denver

The firm purchased the 15-story office building located at 4643 S. Ulster St. from Granite Properties.

Updated on Sept. 28, 2026 in Commercial

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PAULS has acquired the 335,908-square-foot Regency Plaza office tower in Denver, with the property currently holding an 83% occupancy rate. AI Illustration. Upload story photo >

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PAULS has acquired the Regency Plaza office tower in Denver, a 335,908-square-foot property located at 4643 S. Ulster St. The building, which was sold by Granite Properties, is currently 83% leased.

Why it matters

The acquisition reflects ongoing activity in the Denver office market, highlighted by significant leasing momentum that has seen over 176,000 square feet of new leases signed at the location since early 2024.

The 15-story building at 4643 S. Ulster St. spans 335,908 square feet and was originally constructed in 1985 before undergoing repositioning in 2020. The property holds an 83% occupancy rate.

The players

PAULS

PAULS is a real estate investment and development firm that completed the purchase of the Regency Plaza tower.

Granite Properties

Granite Properties is a commercial real estate investment, development, and management firm that sold the office tower.

Collegiate Peaks Bank

Collegiate Peaks Bank is a financial institution that provided the capital necessary to fund this real estate acquisition.

BOMA Denver Metro

BOMA Denver Metro is a professional trade association that awarded the building the 2025 Outstanding Building of the Year Award.

Newmark

Newmark is a commercial real estate services firm that represented the seller during this transaction.

The details

Newmark represented Granite Properties in the sale of the building, while Collegiate Peaks Bank provided the financing for the acquisition. Colliers principals will remain responsible for managing the building's leasing efforts.

Timeline

  1. The office tower was originally built in 1985.

  2. The property underwent a repositioning project in 2020.

  3. New lease signings began in early 2024.

  4. BOMA Denver Metro awarded the property the 2025 Outstanding Building of the Year Award.

  5. The acquisition was officially announced on September 28, 2026.

Roadmap

This acquisition signals a strategic investment in established office assets within the Denver Tech Center. It reflects a broader industry trend where investors prioritize properties that have recently undergone repositioning to meet modern tenant demands.

Business tenants currently occupying space in the Regency Plaza tower can expect property management to continue under the existing leasing team at Colliers. The sale underscores the building's status as a top-tier office location within the Denver market.

The takeaway

Commercial office assets that have recently been upgraded often attract stable occupancy rates even in a competitive market. Investors and tenants should look for properties that prioritize building quality and professional recognition as key indicators of long-term value.

Further reading

For more news on regional office trends, visit the Denver Commercial section.

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