Western Union sells former HQ for $40 million

Western Union sold its former headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center. It consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level walkway, the buildings include office and data center space, a…

Jill Jamieson-Nichols

January 17, 2020
thankful

Denver slips in ULI ranking, but remains a top 20 market

Denver’s position slipped in the latest Emerging Trends in Real Estate report, but the city remains in the top 20 markets to watch nationally in 2020. In terms of overall real estate prospects, Denver ranked 17th in the nation, down from No. 8 last year. The lower ranking shouldn’t be concerning because there is less…

Jill Jamieson-Nichols

January 16, 2020

BHP, city create 120 units of permanently affordable housing

Boulder Housing Partners and the city of Boulder have broken ground on a 120-unit permanently affordable housing community – the most significant development of its kind in the city’s history. BHP is the master developer of the project, called 30Pearl. It will be located on 4.6 acres at 2630 30th St. in Boulder Junction, a…

Jill Jamieson-Nichols

January 11, 2020

New retail building at 2534 sells for $4.66 million

A 100%-leased multitenant retail building at 2534 in Johnstown sold to an investor who knows the area well. Gerrard Family Limited Partnership LLLP paid the full asking price of $4.66 million, or $665.71 per square foot, for the 7,000-sf building at 4930 Thompson Parkway. The partnership is managed by Gary Gerrard, one of the original owners and master developers of 2534. Given his familiarity with the development, “We couldn’t have had a better buyer,” said Zander Rodriguez of David Hicks & Lampert Brokerage.

Jill Jamieson-Nichols

January 6, 2020

Brinkman buys newly built SpringHill Suites in Parker

Brinkman has acquired a newly completed hotel in Parker as part of a long-term investment strategy. Brinkman, in partnership with Utah-based developer Colmena Group, purchased the 108-room SpringHill Suites by Marriott at 9355 Silverado Drive. The price was $17.28 million, or $160,000 per key. The 66,641-square-foot building is located off Silverado and North Pine Lane, less than a mile from the intersection of E-470 and Parker Road. The upper-midscale hotel features a breakfast area, 356 sf of meeting space, an indoor pool, fitness center, lobby workstation, market pantry and guest laundry area.

Jill Jamieson-Nichols

January 3, 2020

Large health care REIT buys medical buildings at Lowry

A pair of World War II-era buildings that have evolved to meet demand for medical services at Lowry sold to the country’s biggest dedicated owner and operator of medical office space. Healthcare Trust of America paid $18.85 million for Rampart Medical Campus at 125 and 130 Rampart Way in Denver. The three-story buildings comprise 69,280…

Jill Jamieson-Nichols

January 1, 2020

Broe Group looks to redevelop prime Cherry Creek real estate

A prime piece of Cherry Creek North real estate is being targeted for new office development. Broe Real Estate Group is proposing an eight-story, 75,000-square-foot office building with ground-floor retail in the first phase of a redevelopment of 200, 210 and 216 Clayton St. A second phase could bring an additional 125,000 sf of office…

Jill Jamieson-Nichols

December 29, 2019

SunCap, Colony to develop spec industrial

A new industrial park with great freeway access is coming to yet another former Denver area greenhouse property. SunCap Property Group and Colony Industrial, a subsidiary of Colony Capital, bought the Welby Gardens property at East 74th and Clayton Street in Adams County to develop North Central Logistics Center. The development will include 640,995 square…

Jill Jamieson-Nichols

December 28, 2019

Edge 470 underway with delivery set for third-quarter 2020

Etkin Johnson Real Estate Partners has broken ground on the first phase of Edge 470, a 334,000-square-foot industrial/ flex campus near E-470 and Chambers Road in Parker. Scheduled for completion in the third quarter, Phase 1 consists of two approximately 80,000-sf buildings on 12.8 acres. “Every detail of Edge 470 is designed to give tenants…

Jill Jamieson-Nichols

December 27, 2019

Uniform company finds fit with tech center flex building

A scarcity of available flex space drove interest in a Colorado Tech Center building that sold for $2.5 million, or $166.79 per square foot. Sunny Way LLC purchased the building at 379 S. Arthur Ave. in Louisville from SimonKramer Partners LLC. A Cut Above Uniforms, currently in Broomfield, will occupy the building. Scott Crabtree “We…

Jill Jamieson-Nichols

December 23, 2019

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo. When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found cross-country skiing, exploring the outdoors with her dog, playing piano, reading, or hanging out with family and friends.