CU to buy Independence Plaza at 80% discount (opens original article in a new tab)

The University of Colorado Foundation will buy Independence Plaza for $29.75 million, an 80% discount from its 2007 price, with plans to use the property for low-interest loans to develop office space.

• University of Colorado Foundation will purchase Independence Plaza for $29.75 million
• The sale represents an 80% discount compared to the 2007 purchase price of $144.5 million
• The 25-story tower is 21% occupied and will be used to provide low-interest loans for office space development