The Denver Business Journal has reported that US Bank has filed to foreclose on 700 17th Street, a 24-story office building located in downtown Denver, Colorado.
The $17.6 million foreclosure has been filed against the property’s current owner, Toma West. Toma West bought the property in 2006 for $27.25 million from United Western Bank, who leased back about 62,000 square feet in the building.
United Western Bank was taken over by the FDIC the beginning of 2011. It is not clear if this lease is still in effect, but the property is currently 93 percent leased according to a listing on Loopnet.