New Home for MEGA 1031 and Malbur Properties, LLC Historic Denver Mansion

March 15, 2006---Malbur Exchange Group & Associates (MEGA 1031) and Malbur Properties, LLC have purchased Denver’s historic Peabody-Whitehead Mansion located along what was once known as “Millionaires Row” near the Colorado Capitol Building. The building will serve as home to the two companies with additional space available for office rental.

The 3-story brick mansion, designated as a Denver Historic Landmark, was built in 1889. Renowned architect Frank Edbrooke, designer of Denver’s beloved Brown Palace hotel, created the mansion’s craftsman-style plan. The 6,635 square foot home was constructed for $15,000.

The mansion served for two years as the state’s governor’s residence during the turbulent tenure of Governor James Peabody. It was also home for William Riddick Whitehead who served as a battlefield surgeon during both the bloody Russian Crimean War and the American Civil War. In subsequent years, the building was converted to a boarding house. Several restaurants and bars also occupied the mansion in the 1980s. In 1990s, the Peabody-Whitehead Mansion was purchased by Richard R. Arber Associates, an engineering firm which meticulously renovated the structure into office spaces.

Malbur Properties, LLC acquired the Peabody-Whitehead Mansion through a tax-deferred real estate exchange. Previously, Malbur Properties, LLC and MEGA 1031 were located at 1633 Filmore Street, Denver.

The Peabody-Whitehead Mansion is known as one of Denver’s haunted mansions. The staff at MEGA 1031 and Malbur Properties, LLC have noticed a few unusual events such as mysteriously falling books, numbers repeatedly appearing by themselves on a calculator in a locked office and staff have occasionally come upon inexplicably disheveled papers. Previous tenants and professional ghost hunters have also reported numerous eerie sightings and occurrences.

Clients of MEGA 1031 and Malbur Properties, LLC are always welcome to visit our offices to see if they can glimpse any of these spooky inhabitants!

For more on the haunted history of the Peabody-Whitehead Mansion, click here.

Governor James Peabody