An exterior photograph of Capital Square, a 454,619-square-foot multi-tenant office building in downtown Des Moines, Iowa.

Chicago-based Draper and Kramer, Incorporated, one of the leading privately held, full-service real estate firms in the United States, announces it has completed the sale of Capital Square, a 454,619-square-foot multi-tenant office building in downtown Des Moines, Iowa.

Draper and Kramer sold the property, located at 400 Locust Street, to Colorado-based Real Capital Solutions for $30.2 million, reportedly the highest price ever paid for an office building in Des Moines’ central business district. CBRE’s Minneapolis Capital Markets group represented Draper and Kramer in the transaction, which closed in June 2017.

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