Dalfen Industrial bought 77,222 square feet of centrally located industrial space in its first Denver acquisition. The acquisition included two small-bay buildings on 4.32 acres at 700 and 702 W. 48th Ave., immediately northwest of the interchange of Interstates 25 and 70. Dalfen paid $9.67 million, or $125.16 per sf, for the property. Mark Bowen “It’s perfect for the central market,” said Mark Bowen, Dalfen Industrial senior vice president and head of investments. The product appeals to smaller tenants that are the bread and butter of the Denver market and is a true last mile location in a submarket with consistently low vacancy, he said. “The location was key. It’s always stayed well-occupied because of where it is and its last-mile characteristics,” said Bowen. Built in 1984, the property has 11 units in each building and offers both dock-high and drive-in loading. It was 100% occupied at the time the sale. BR Printers, which occupies several units, is the largest tenant.

Aviation services company Sheltair Aviation has broken ground on a 21-acre, state-of-theart complex at Rocky Mountain Metropolitan Airport in Jefferson County. The fixed-base operator service facility will include a new terminal, hangar and build-to-suit office space opportunities, along with 10 acres of aircraft parking. It marks Sheltair’s first FBO presence west of the Mississippi River. The $20 million facility is slated for completion next year and will employ approximately 20 people.

Workiva, a leading cloud provider of data, reporting and compliance solutions, wanted to consolidate two separate locations and reinvigorate and renovate its Denver office to help retain and recruit the best and brightest employees. EUA designed the space.

A 140-key Hyatt House hotel will provide a new lodging option in the Fitzsimons area. BMC Investments is developing the hotel at the southeast corner of East Colfax Avenue and Peoria Street in Aurora. It has owned the site, known as the Gateway at Fitzsimons, since 2013. “Fitzsimons is one of the fastest-growing hospital campuses…

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Ivy Realty added to its Boulder portfolio with the $8.75 million acquisition of two industrial/flex buildings that it will reposition as creative office space. The buildings at 5300 and 5306 Sterling Drive total 46,702 square feet. They are located adjacent to 5360 Sterling, a building Ivy acquired last year, transformed into creative space and leased to a technology company. “Ivy has a proven track record in Boulder, and their acquisition of 5300 and 5305 Sterling will be a continuance of their creative vision that attracts best-in-class tenancy,” said JLL Senior Director Leon McBroom. McBroom led a JLL Capital Markets team that arranged $8.7 million in acquisition bridge financing for the purchase.

OZ Architecture led design on Colorado State University’s Nancy Richardson Design Center. The $19.2 million, state-of-the-art project covers 45,000 square feet and will further CSU's mission as a national leader in design. Salt Design in Fort Collins assisted OZ with the design while Saunders Construction was the general contractor.

Florida-based TerraCap Management LLC entered the Denver market with the $71.71 million purchase of Denver Corporate Center II and III. “We feel there are some great opportunities in Denver, particularly with these assets,” said Steve Good, TerraCap partner and director of acquisitions. “We like both the short- and long-term growth aspects of the market and…

A three-story office/retail building in Lower Downtown Denver fetched $418 per square foot in a sale to California buyers. JHB Properties LLC and WSJ Associates LLC bought 1925 Blake St. for $6.43 million. Webb Properties LLC was the seller. The 15,375-sf, brick-and-timber building is a half-block from Coors Field. Built as a warehouse in 1890,…

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