Alex Ringsby has cashed out of downtown.

The president of Ringsby Realty, a Denver-based industrial real estate firm, sold his company’s former office at 1336 Glenarm Place for $1.8 million to KJ McMasters, an Evergreen resident.

“We just don’t have a need for any more office assets in the city of Denver. We’re really an industrial company,” Ringsby said.

The 2-story, 6,250-square-foot brick building sold for $288 per square foot and includes a parking lot next door. Ringsby bought the property in 2014 for $1.2 million from the Colorado Press Association.

“I appreciate the fact that the values went up, considering values (in the office market) have halved. We’re lucky we bought it when we did,” Ringsby said.

McMasters’ business, Talent Solvers, will move into the top floor. The compan

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