Buyer new to Colorado pays $12.5M for Harmony retail
A buyer new to Colorado and planning to expand its presence paid $12.5 million for a Kohl’s-anchored building on the Harmony Road corridor in Fort Collins. Hartland, Wisconsin-based Investors Associated LLP was selected from a pool of buyers to acquire the 115,862-squarefoot building at 813-831 E. Harmony Road. Kohl’s occupies approximately 100,000 sf of the…
Kris Oppermann Stern
November 21, 2019Schnitzer West plans three-building office development in Centennial
Schnitzer West has announced plans to develop Westray, three 16-story Class A office towers at 6363 Greenwood Plaza Blvd. in Centennial. Westray will be developed in phases, with the first phase of the project to begin in the third quarter of next year. Phase one will consist of approximately 290,000 rentable sf. The building will offer an efficient standard floor plate size of 30,800 sf and a parking ratio of 3:1,000.
Kris Oppermann Stern
November 19, 2019ASB Real Estate picks up rare industrial portfolio for $72M
ASB Real Estate Investments completed one of the largest industrial property acquisitions in Denver this year with the $72 million purchase of three buildings in the airport submarket. The 633,193-square-foot portfolio included a 406,959-sf distribution building at 22100 E. 26th Ave. in Aurora, leased by Subaru of America; 9410 Heinz Way in Commerce City, a 140,630-sf building leased to Home Depot USA; and an 85,604-sf building that Old West Mattress Co. leases at 18300 E. 28th Ave. in Aurora. The average weighted lease term remaining is 3.1 years.
Kris Oppermann Stern
November 18, 2019TerraCap expands with Centerpoint I & II
TerraCap Management LLC made its second acquisition in the Denver market with the $77.52 million purchase of Centerpoint I & II at Interstate 25 and Colorado Boulevard. The Florida-based real estate investment management firm bought the Class A office towers from Investcorp and Schnitzer West, which renovated the buildings after acquiring them three years ago.…
Kris Oppermann Stern
November 18, 2019Partners Group opens its Colorado campus, built by Swinerton Builders
Late last month, Partners Group opened its new Americas headquarters, consisting of a newly constructed 129,400-square-foot campus in Broomfield. Swinerton Builders was the general contractor while Open Studio Architecture designed the project.
Kris Oppermann Stern
November 18, 2019Ogilvie Properties to add its touch to Stapleton building
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Kris Oppermann Stern
November 17, 2019W.E. O’Neil completes S’Park Market in Boulder, Splunk 3d moves right in
W.E. O’Neil completed the S’Park Market office building, the contractor’s first building turnover on the 10-acre S’Park project with developers The John Buck Co. and Element Properties. It was designed by WorksBureau, based in Arizona.
Kris Oppermann Stern
November 11, 2019University Center retail building trades
A retail center with Northern Colorado’s only Whole Foods store sold for $23.75 million, which equates to a price of $347.56 per square foot. University Center, located at 2201 S. College Ave., is leased to the natural grocery store and to Wilbur’s Total Beverage, reportedly one of Fort Collins’ top-performing liquor stores on a sales-per-sf…
Kris Oppermann Stern
November 8, 2019Last-mile industrial park to grow on former greenhouse site
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Kris Oppermann Stern
November 7, 2019Matrix Group acquires, upgrades Huron Business Center
Denver-based Matrix Group Inc. purchased Huron Business Center for $11 million with immediate plans for upgrades to the property. Huron Business Center, located at 405-475 W. 115th Ave. in Northglenn, is a four-building, 78,187-square-foot property with 25 industrial/flex units. It was fully leased at the time of sale.
Kris Oppermann Stern
November 7, 2019