Apartment developer buys site for 325 units at Arista

An 11.3-acre site in Arista sold to an apartment developer for $7.2 million. STAR Broomfield LLC, which is affiliated with Steadfast Cos., purchased the vacant land along the east side of Wadsworth Boulevard between Arista Place and Parkland Street for a 325-unit development recently approved by Broomfield City Council. Irvine, California-based Steadfast Cos. owns and…

Jill Jamieson-Nichols

April 27, 2020

Beacon connects the dots with downtown value-add acquisition

Beacon Capital Partners acquired what will be a blank slate at 1740 Broadway, as Wells Fargo moves to new space around the corner. Wells Fargo sold the approximately 111,300-square-foot building and atrium, where it has a retail branch and offices, to Beacon for $7.15 million. The bank will be significantly downsizing and relocating its branch…

Jill Jamieson-Nichols

April 27, 2020

Investors pay $5.7 million for Littleton office buliding

A pair of investors bought a 50,403-square-foot office building in Littleton with some loyal and growing tenants. Bridle Dale LLC, led by a Denver investor, paid $5.7 million, or $113.09 per sf, for the Columbine Office Building at 6901 S. Pierce St. Columbine Valley Corp. was the seller. Bob Pipkin “At the time it went…

Jill Jamieson-Nichols

April 20, 2020

Lincoln Property launches Ascent Commerce Center near DIA

Lincoln Property Co., in partnership with a private real estate fund advised by Crow Holdings Capital, has broken ground on a 594,400 square foot speculative industrial development in Commerce City. Ascent Commerce Center is a Class A warehouse/distribution center on a 33.2-acre site at Tower Road and East 84th Avenue. The three-building, approximately $55 million…

Jill Jamieson-Nichols

April 16, 2020

Bancroft Capital zeros in on west office market

Bancroft Capital Advisors Inc. is zeroing in on Denver’s west metro submarket, closing on one office building and securing deals to buy three more. Bancroft’s latest acquisition is Union Terrace, an 84,145-square-foot building off the Union Boulevard corridor in Lakewood. The company paid $11.33 million, or $134.61 per sf, for the building with plans to…

Jill Jamieson-Nichols

April 13, 2020

Investment adviser pays $10 million for southeast asset

A Chicago-based real estate investment adviser secured a southeast suburban industrial building in a $10 million transaction. Lincoln Advisory Group, through Columbia Industrial Acquisition Company LLC, purchased the 63,550-square foot property at 8644 S. Peoria St. in Englewood. The seller was Gordon Development LLC, which is affiliated with the building’s anchor tenant, Gordon Plastics LLC.…

Jill Jamieson-Nichols

April 13, 2020

BMC among few looking to add office in Cherry Creek

BMC Investments’ Matt Joblon isn’t taking bets on timing of the company’s newest development in Cherry Creek North, but he does expect it to be one of the last Class A office buildings to be built in the neighborhood for some time. With limited sites remaining, BMC is one of a select few developers looking…

Jill Jamieson-Nichols

April 6, 2020

Industrial building on Santa Fe corridor trades for $7.76 million

A local buyer acquired a large industrial building along the Santa Fe corridor in Denver with an eye on transforming a portion of it into a sports facility for youths from low-income neighborhoods. A group led by Bill Bivens of Gibraltar Property Management purchased the 95,063-square-foot building at 1377-1401 S. Jason St. for $7.76 million.…

Jill Jamieson-Nichols

April 5, 2020

Crossroads office building sells at near-record price per sf

An 11,978-square-foot office building in eastern Loveland sold for $4.05 million, representing a near-record price of $338.37 per sf. SRI Investments/Stucco Rite Inc., a Colorado-based investment company, sold the multitenant, Class A building at 4090 Clydesdale Parkway to First American Exchange Co. Jared Goodman “The beautiful building has attracted quality tenants and is at the…

Jill Jamieson-Nichols

April 2, 2020

Crescent pays $16.25 million for Flatiron Park building

Crescent Real Estate LLC added to its sizable portfolio in Flatiron Park with the $16.25 million acquisition of a two-story office building. Crescent, through GPIF 5777 Flatiron LLC, bought 5777 Central Ave. from BMC Properties LLC, a Chrisman Commercial affiliate. The acquisition brings Crescent’s Flatiron Park portfolio to more than 900,000 square feet in some…

Jill Jamieson-Nichols

March 30, 2020

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.