A Denver real estate agency transformed an old scrapyard on Colfax Avenue into its new headquarters.
Ringsby Realty Corporation, a commercial industrial brokerage firm, recently relocated to the property at 1801 W. Colfax Ave. near Meow Wolf Denver. Last week, the firm leased its former site at 1336 Glenarm Place to Omnia International, a holding company, in a five-year deal.
“We’re all moved in, and we leased out the old building,” said Alex Ringsby, president of Ringsby Realty, in a Wednesday phone call. “It’s big for us.”
The completion of the project marks three years of work since the initial purchase of the Colfax property. It was acquired for $720,000 in October 2020 from Schwartz Properties LLLP, according to Denver public records.
“This seemed like a great opportunity” for development, Ringsby added.
The team turned the scrapyard’s former machine shop into an office that spans about 4,000 feet. The all-new recreation room once served as a scale house for the weighing of trucks.
The yard – now brimming with wildflowers and a grove of oak trees and pines – features a half-court basketball court and parking lot. Within walking distance of Empower Field at Mile High, Ringsby envisions it as an entertainment space for corporate, client and charity events.
With a team of eight, the firm is actively “trying to grow,” and just launched its property management division.
The property at 1336 Glenarm Place was posted on Ringsby Realty’s website as available for sale or lease, with a listed sale price of $2.4 million. The office and retail building is 6,250 square feet and two floors.
It was originally purchased by the Colorado Press Association in March 2014 for over $1.2 million, according to Denver public records.
Ringsby founded the company in 2002 after working at two well-known commercial real estate firms: Cushman & Wakefield and CBRE. Ringsby Realty focuses on the industrial sector, with its brokerage services including capital markets, industrial-zoned land sales, corporate services and more.
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