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State treasurer candidate buys Offices at the Art building for $17.1 million

February 5, 2018 Updated: February 5, 2018 at 3:06 pm
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Northstar Commercial Partners Purchases Iconic 'Offices at The Art' Building in Denver, Colorado for $17.1 Million (PRNewsfoto/Northstar Commercial Partners)

Donald Trump has his winter White House at Mar-a-Lago, and if he's elected in November, Brian Watson could have a lunch-time state treasurer's office.

Watson's Denver-based commercial real estate firm Northstar Commercial Partners announced Friday it bought the Offices at the Art building for $17.1 million. The handsome three-story office building across Broadway from the History Colorado museum is about two blocks south of the Capitol. The building's name comes from its proximity to Denver Art Museum.

Convenient though it might be, Watson's campaign tells Colorado Politics that the candidate won't be doing business for Northstar if he's elected to oversee the state's bank accounts.

And it's a bit premature to assume he will be elected given the crowded field of Republicans seeking to follow Walker Stapleton, who is term-limited and running for governor this year.

Watson is one of 10 people running for office, including five other Republicans and, in all, five sitting state legislators - Sen. Kevin Lundberg of Berthoud and Reps.Justin Everett of Littleton, Polly Lawrence or Roxborough Park, Steve Lebsock of Thornton and Dave Young of Greeley, plus Routt County Treasurer Brita Horn.

Watson got out to fast start, reporting about $215,000 in fundraising in his first quarter as a candidate to lead the field. He plans to collect petitions to get on the ballot, Colorado Politics' Ernest Luning reported.

Watson is proud of his newly acquired jewel near where his new office could be next year.

"This will be one of the top acquisitions in the Denver market for newer office space and we're thrilled to be involved, especially with Denver as our hometown," Watson, Northstar's chairman and CEO, said in a statement announcing the deal.

Northstar has interests in 48 "assets" in 16 States boasting about $1 billion in market value, he notes on his website. Over his 18-year tenure with the company, he has been a part of more than 130 deals.

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