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Receiver appointed for Denver Mart ahead of expected sale
Courtesy of Google Maps)
A receiver has been appointed to oversee the Denver Mart property north of the city, ahead of its expected sale.
Greenwood Village-based Cordes & Co. was named receiver last week by a district court judge in Adams County, where Denver Mart a sprawling complex that often hosts trade shows and similar events is located.
Deutsche Bank Trust Company Americas, acting as a trustee on behalf of holders of certain Citigroup securities, requested a receiver be named on March 2, according to court filings.
Citigroup made a $27 million loan in August 2014 to Denver Mart LLC, which owns the property at 451 E. 58th Ave. That entity last made its monthly payments in March 2020, according to the filings, a period that corresponds to the start of the coronavirus pandemic.