A 152,000-square-foot headquarters deal will bring preleasing at 1144 Fifteenth Street to 65 percent, well ahead of what its developer anticipated at this point in time. Chipotle Mexican Grill signed a 15-year lease for floors 20 through 24 of the 671,101-sf tower. The building will accommodate all 450 Denver-based Chipotle employees in a single location.…

In August 1990, I walked a desolate row of Lower Downtown Denver scattered with broken wine bottles scattered by street people, warehouses, auto body shops and brown fields that would have been green if anyone cared enough to water them. It was part of my Who Owns the Block series at the Rocky Mountain News.…

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

In the wake of “mind-boggling” change around the National Western Complex, a businessman sold a 40,530-square-foot industrial building on 4.29 acres in the neighborhood for a record $175.18 per sf. “It was an incredible opportunity, I’ll just put it that way,” commented George Medley of GI Investments LLC, who sold the site at 4920 N.…

Union Denver, a luxury apartment community anchored by a long sought-after downtown Whole Foods Market, is scheduled to be completed in February, when the third residential tower opens. The first residential tower opened in May and the second tower in September, but it was the flagship, 50,000-square-foot Whole Foods Market that opened in mid-November that…

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Granite Place at Village Center set a new high-water mark for southeast suburban office product at a sales price of $423.78 per square foot. Arapahoe County records show Crestone Partners and an institutional partner paid $126.95 million for the newly completed Class AA building, a speculative project that was fully leased prior to delivery. Granite…

Kaiser Permanente’s acquisition of 210,848 square feet of office space in Aurora was driven by cost savings and efficiencies, according to the company’s real estate manager. Kaiser bought Waterpark II and III at 2350 and 2550 S. Parker Road for $25.32 million, according to public records. The health care provider operates in about 60 percent…

A company that develops self-storage facilities in Colorado and Texas is continuing a push into the Northern Colorado market. Grow Your Storage Development LLC recently opened the 541-unit Timberline Self Storage and is starting construction of South College Self Storage, with 708 units, both in Fort Collins. The company also is in the entitlement process…

There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…