Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): September 5, 2002

                            AmeriVest Properties Inc.
        (Exact name of small business issuer as specified in its charter)

            Maryland                       1-14462                84-1240264
(State or other jurisdiction of     (Commission File No.)     (I.R.S. Employer
 incorporation or organization)                              Identification No.)

          1780 South Bellaire Street Suite 515, Denver, Colorado 80222
                    (Address of principal executive offices)

                                 (303) 297-1800
                         (Registrant's telephone number)

Item 2. Acquisition or Disposition of Assets

Purchase of Metropolitan Dallas Office Building. On September 5, 2002, we
completed the acquisition of the Parkway Centre II office building (the
"Acquired Building"). The Acquired Building is located in Plano, Texas and
contains approximately 152,000 rentable square feet and is located on 6.4 acres
of land. The aggregate purchase price for the Acquired Building was $22,000,000,
which was paid with $17,000,000 from the assumption of the existing loan from
J.P. Morgan Chase Commercial Mortgage Securities Corp. (the "J.P. Morgan Chase
Loan") and the balance paid in cash from a portion of the proceeds of our May
2002 public offering.

The Acquired Building was purchased from Tennessee Walker Ltd. (the "Seller"),
an unrelated party. The purchase price of the Acquired Building was determined
through negotiations between the Seller and us.

The J.P. Morgan Chase Loan bears interest at LIBOR plus 195 basis points, due in
monthly installments of interest only, with the principal balance and accrued
interest due on August 10, 2004. This loan may be prepaid at any time without

Additional information concerning this transaction and the Acquired Building is
contained in our press release dated September 5, 2002, a copy of which is
attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 7. Financial Statements And Exhibits.

(a) Financial Statements of Real Estate Properties Acquired:

     The financial statements required by this Item will be filed pursuant to an
     amendment to this Form 8-K.

(b) Unaudited Pro Forma Financial Information:

     The pro forma financial information required by this Item will be filed
     pursuant to an amendment to this Form 8-K.

(c) Exhibits

     Exhibit Number                 Exhibit Title
     --------------                 -------------
         99.1                       Press Release dated September 5, 2002


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                             AMERIVEST PROPERTIES INC.

September 19, 2002
                                             By: /s/ D. Scott Ikenberry
                                             D. Scott Ikenberry
                                             Chief Financial Officer

                                                                    Exhibit 99.1


     DENVER, CO, September 5, 2002 -- AmeriVest Properties Inc. (AMEX: AMV)
announced today that it has acquired the Parkway Centre II Office Building,
located in Plano, Texas (Metropolitan Dallas) for $22,000,000. The Parkway
Centre II Office Building contains 152,000 rentable square feet and is 98%

     The Parkway Centre II Office building is located along the North Dallas
Tollway, just south of Parker Road and North of the Willow Bend Fashion Mall in
Plano, one of the fastest growing areas in Metropolitan Dallas. The 6-story
building on 6.4 acres of land was built in 1999 and is leased to 30 tenants,
with an average tenant size of 5,000 square feet. Less than 15% of the leases
expire in 2003.

     Parkway Centre II is being purchased at a first year capitalization rate in
excess of 10.5%. The purchase price of $22 million ($145/SF) is being paid with
$5 million in cash plus assumption of the existing mortgage of $17 million
bearing interest at a floating rate of LIBOR plus 195 basis points, maturing
August 2004.

     William Atkins, chairman and CEO of AmeriVest, said, "This is the first
acquisition to be funded from the proceeds of AmeriVest's follow-on common stock
offering which was completed in June 2002. It is also our first core property
acquisition in Dallas, which we have identified as one of the targets for our
long-term, multi-property expansion strategy. We look forward to the
contribution this and future acquisitions will make to our funds from

     AmeriVest also announced the acquisition of approximately 2.55 acres of
vacant land within Keystone Office Park, adjacent to its existing office
buildings, from Sheridan Realty Partners, L.P. for $320,000, payable in 52,893
shares of restricted AmeriVest common stock at $6.05 per share. AmeriVest plans
to build an 18,000 square foot single-story office building on the site to
accommodate existing tenant expansion needs and new tenants. Keystone Office
Park is currently 98% leased; however, no leases have been signed for the new
building. The new building is designed to match the three existing buildings
AmeriVest owns in the park. Construction is expected to commence in September
and to be completed in the Spring of 2003.

     AmeriVest Properties Inc., with its principal office in Denver, Colorado,
owns 24 office properties and is focused on serving small to mid-sized office
tenants in select markets. Its common stock is listed on the American Stock
Exchange under the symbol "AMV."

Certain matters discussed in this release are forward-looking statements that
are subject to risks and uncertainties that could cause actual results to differ
materially from those projected, including the risks and uncertainties of
acquiring, owning, operating and disposing of real estate. Such risks and
uncertainties are disclosed in the Company's past and current filings with the
U.S. Securities and Exchange Commission.


Parkway Centre II is a Class "A" six-story building on a 6.4-acre site in Plano,

Year Built:                 1999

Building Size:              151,988

Occupancy:                  98%

Capital Improvements:       AmeriVest will improve the property with the small
                            tenant amenities it offers in all its properties,
                            including a common area conference room and
                            electronic building directory.

Building Description:       Versatile floor plates of 25,000 gross square feet
                            allow for tenants of varying sizes. Steel frame
                            building construction features a travertine marble
                            exterior with low-E dual pane, high performance
                            insulated glass. The ground floor lobby is finished
                            with natural stone floors, solid oak doors and 9 -
                            10 foot ceiling heights. The systems include: two
                            elevators, automatic sprinklers, multiple zone HVAC,
                            six watts per square foot power and a card reader
                            building access system.

Parking:                    225 space structured parking and 309 surface parking
                            spaces including 84 covered (27%) (3.5 spaces per
                            1,000 SF)

Purchase Price:             $22,000,000 ($144.75 PSF), all cash subject to the
                            assumption of the existing mortgage of $17,000,000
                            bearing interest at 1-month LIBOR plus 195 bp,
                            (currently 3.825%) maturing August 2004

Closing Date:               September 5, 2002

Average tenant size:        5,000 SF

First Year Cap Rate:        10.5% +

Investment Opportunity:     To acquire a new Class "A" building in one of the
                            fastest-growing submarkets in Dallas, with minimal
                            short-term rollover and an opportunity to market the
                            property to our target small tenant market as leases
                            roll in 2004 and beyond.