Now this is a deal that isn’t seen often in downtown Denver these days.

One of Cherry Creek’s swanky and newly-constructed office towers sold for $92.5 million on Tuesday, according to property records.

The building 255 Fillmore was sold by its developer, BMC Investments, to a “high-net-worth family office,” Newmark, the real estate brokerage company who helped with the transaction, said in a news release.

255 Fillmore sold for a price downtown Denver office towers used to fetch before the pandemic as the Cherry Creek neighborhood has grown into one of the hottest office markets not only in the city, but also the nation.

Cherry Creek’s office vacancy rate was below 13% in the first quarter of 2026, compared to downtown Denver, which was nearly 39%, according to data from CBRE.

The neighborhood just south of downtown is one of the few markets in the metro Denver area where there is any construction of new office buildings, causing its own problems for Cherry Creek as small businesses and patrons deal with road closures, parking spots taken up by construction, dust and more.

The building on the corner of Fillmore and 2nd Avenue is one of the dozen new projects that have been completed in Cherry Creek since 2020. The 100,000-square-foot tower began construction in 2022 and opened in 2024.

It was developed by BMC Investments, a prominent Cherry Creek development company led by Matt Joblon that has worked on the Moxy Hotel, The Clayton Hotel and is currently working on a major development called Cherry Lane that is set to usher in 379 apartments, 59,000 square feet of office space and more than 150,000 square feet of luxury store space on the ground floor.

255 Fillmore is a Class AA office and retail building, meaning it’s designated as one of the most luxurious properties on the market and is built with state-of-the-art amenities.

The seven-story building is 100% leased and includes the French-Vietnamese restaurant Le Colonial.

While it’s not clear who bought the building other than it being a high-net-worth family office, the deed shows the buyer was TH Fillmore, LLC, a company with an address based in Dallas, state records show.

Jonathan Perlman, the founder of Dallas-based Tradition Management, LLC, a senior living company with the same address, signed the paperwork to secure financing from the Bank of Texas for the deal, city records show.

The sale is part of the wider “flight to quality” trend seen across the office market, said Newmark Executive Vice Chairman Tim Richey.

While downtown has struggled with aging towers since the pandemic pushed workers out of the office, Cherry Creek has attracted several companies to leave downtown Denver for its higher-end offices and spurred construction for more properties that can satiate the demand for amenities designed to attract workers to want to come to the office.

There’s a total of eight projects under construction in the neighborhood, including Cherry Lane and Milwaukee Place from BMC Investments.

There’s also another eight in the pipeline, such as the redevelopment of the west side of the Cherry Creek Shopping Center, according to the 2025/2026 State of Cherry Creek report.

“The sale of 255 Fillmore demonstrates strong pricing reflective of improving fundamentals and underscores the depth of investor conviction for best-in-class office product,” Richey said, “reinforcing Denver’s position as a long-term destination for sophisticated capital.”