and businessden.com/2026/01/20/5700-dtc-pkwy-greenwood-village-sale/ (?paywall)
Denver Post article January, 2026:
After decades, Wells Fargo sells DTC office building to local buyer
Cherry Hills Village resident bought the 52,000-square-foot building for $2.2 million
Cherry Hills Village resident Craig Clark bought this 52,000-square-foot building on 4.9 acres on
DTC Parkway in Greenwood Village from Wells Fargo for $2.2 million, according to public records
For the first time in decades, a bank doesn’t own 5700 DTC Parkway in Greenwood Village.
Last week, Cherry Hills Village resident Craig Clark bought the 52,000-square-foot building on 4.9 acres from Wells Fargo, the San Francisco, California-based banking giant. He paid $2.2 million, according to public records.
The 2-story Denver Tech Center structure, built in 1974, has housed office workers for multiple bank brands. It was once owned by the United Bank of Denver, property records show. Parent company United Banks of Colorado was acquired in 1991 by Norwest Corp., which merged with Wells Fargo in 1998.
“I’m pretty sure the bank built it,” Clark said.
A spokeswoman for Wells Fargo said in a statement that the company “continues to modernize and streamline our office real estate footprint.” JLL brokers Larry Thiel and Sean Whitney marketed the property for sale.
Clark said Wells Fargo is leasing the building back until March 2027, giving him a year to determine the property’s future.
“During that time, we are able to show it, come up with our development plans, etc.,” he said.
Clark said he believes he got the building for less than the value of the land, seemingly because office space isn’t in high demand right now.
“It’s the weirdest thing — because it’s office, it’s less than the dirt cost,” he said.
Clark plans to talk to nearby companies that might want some or all of it for their headquarters. He said he could also see it as a charter school or as a storage facility for high-end cars.
“It would be the premiere location for people living in Cherry Hills Village or Greenwood Village,” he said.
The existing zoning allows many options, Clark said, including residential use or even light industrial. Clark knows other parties were interested, including multifamily developers. But he said they wanted their deal to be contingent on getting approval for their project from the southern suburb, which is often skeptical of high-density residential.
Clark, who has a law degree, owns an e-commerce company and serves in the Marine Corps Reserve, has a 35-employee company called Homeland that manages his commercial real estate portfolio. The deal for 5700 DTC Parkway brings his portfolio to 1 million square feet. It was half that at the start of 2025.
"The original address was 5700 S. Ulster. I believe that was changed to DTC Parkway sometime in the 1980s.
The first UBSC employees moved into the building in April, 1972. I was hired in January, 1973 and there was still a lot of bare concrete floors and walls. Cubicles (of that era) and work places were still being assembled.
So the article above got the date wrong... It was purpose-built by the United Bank of Denver in 1970-71."
"A lot of GREAT Memories and GREAT Friends in that building."
"I still drive by it often & wave.
Remember when a fox had a little den by the [upper west] back door
... & babies? So cool!".
"Wasn't there a time capsule somewhere in that building (lunch room maybe?)
or was that opened long ago?"
[Joannie Barnes raise that question 20+ years ago: "When the building was remodeled and we all
put together a time capsule in the lunchroom wall. Now, I wonder what will ever happen to that."]
"I first walked up the steps to the "mother ship" in June 1978.
I was a young, not yet thirty, NCR programmer with coding tablet in hand.
The mother ship was a self sufficient marvel of banking technology and processes. It housed the proof department, reconcilement, data entry via key punch and group of scruffy programmers. It also offered a lunch room serving hot and cold lunches, and a nurse's station (sometimes with the nurse present). [I cannot ever remember a nurse in the building. /Jonesy]
Don Nelson gave me a tour of the computer room. It contained both an IBM Sys/360 and a modern marvel of banking, the NCR 300. There were a couple of operators there that appeared more like oil field roughnecks.
At the end of our tour, Don showed me to my cube. A simple desk, chair and phone.
He then asked if I would require an ash tray.
The good ol' days!"
"I joined UBSC in 1974 and was thrilled to have found gainful employment so close to home.
One fond memory I have of the building we all called home for so many hours Monday through Friday was the interior remodeling project that took place in the early 80s.
Alice Palmer and I were assigned to work with Jack Lee on that project. One specific assignment we had was to go shopping for new artwork to display around the remodeled space, including for all the newly designed “upscale for the day” executive offices.
Obviously, this was way before online shopping, so off Alice and I went with a budget somewhat guiding our selections. We kinda figured we had some leeway.
Actually, I remember Jack being relieved not to have been involved in that part of the project, but Alice and I had a great time spending the company’s money AND getting out of the office over a number of shopping days.
Bottom line, everyone seemed pleased with the results of our efforts, and we had a grand time. Also, I recall we won a cash award for our efforts. Not bad for two amateur interior designers."
