Planet Fitness to activate 19,200 square feet on 16th Street Mall
Planet Fitness will activate the redeveloped space above downtown Denver’s Walgreens store. The 19,200-square-foot space on the 16th Street Mall will be Planet Fitness’ first downtown location. It will be operated by a franchise group that owns other Planet Fitness facilities in the Denver area. The use for the space at 815 16th St. is…
Kris Oppermann Stern
June 19, 2017
Downtown Boulder buildings fetch $101.25 million
JP Morgan closed a blockbuster deal in downtown Boulder with the $101.25 million acquisition of three office buildings. The portfolio included 1050 Walnut, Canyon Center at 1881 19th St. and 1900 15th St. The seller was Blackstone Group, which spun off the buildings from an approximately $2 billion portfolio it bought last year. 16 Feb…
Kris Oppermann Stern
June 19, 2017
Amstar buys The Citadel office building
Denver-based Amstar has acquired The Citadel, a 131,000-square-foot office building in the Cherry Creek submarket. This acquisition marks Amstar’s first new investment in the U.S. after a focused asset management and disposition effort of its existing portfolio over the past 12 months. Amstar is familiar with the Denver market, having developed several residential properties throughout…
CREJ
June 16, 2017
Retail center in Castle Rock Promenade sells for $7 million
Douglas County Property Location: 4991 Factory Shops Blvd., Castle Rock Property Description: 11,368-sf retail center, YOC 2016 Land Size: 1.44 acres Sales Price: $7M, or $615.76 psf Reception No.: 2017033617 Grantor: White Fir LLC by: Alberta Development, Donald Provost, mgr. Grantee: 4991 Factory Shops Blvd., LLC Closing Date: 5/19 Financing: $6.16M payable to Umpqua Bank (85% LTV) Comments:…
John Winslow
June 16, 2017
CBRE: Denver leads nation in industrial preleasing
Almost half of the 167 million square feet of U.S warehouse space currently under construction—72 million square feet—is already precommitted to tenants, primarily e-commerce, third-party logistics and retail users, according to a new report from CBRE Group Inc. At 3.2 million square feet, Denver is ranked 10th in the nation for warehouse space under construction.…
CREJ
June 15, 2017
Crossroads industrial building sells for $7.25M, or $104.52 per square foot
Adams County Property Location: 485 E. 52nd Ave., Denver Property Description: 69,350-sf warehouse, YOC 2016 Land Size: 4.5 acres Sales Price: $7.25M, or $104.52 psf Reception No.: 45058 2017 Grantor: TC Crossroads #6 LLC c/o Trammell Crow Company, Bill Mosher, CEO Grantee: Denver Cross LP, Largent Group Inc., Scott Bader, pres., Sylmar, CA Closing Date: 5/25 Financing: $6.16M…
John Winslow
June 15, 2017
Sentinel Real Estate Corp. acquires 285 units in Parker for $70.9 million
Douglas County Property Location: 17565 Pine Lane, Parker, “Enclave at Cherry Creek” Property Description: 285-unit, four-story apartment complex (five buildings of 57 units each), 368,465 sf gross building area, plus 6,706-sf clubhouse, with attached garage parking with each building, YOC 2015 Land Size: Sales Price: $70.93M, or $248,870 per unit, or $192.50 psf Reception No.: 2017033207 Grantor:…
John Winslow
June 14, 2017
Missing middle focus of CREJ affordable housing conference
A half-day affordable housing conference on June 20 will address one of the the most challenging aspects of the Denver area’s housing market, where the average price of a home sold is approaching $500,000. The “missing middle” population will be a key of the 2017 Affordable Housing Development & Finance Conference & Expo, which will…
Kris Oppermann Stern
June 14, 2017
Boulder office building portfolio trades for $101.25 million
JP Morgan closed a blockbuster deal in downtown Boulder with the $101.25 million acquisition of three office buildings. The portfolio included 1050 Walnut, Canyon Center at 1881 19th St., and 1900 15th St. The seller was Blackstone Group, which spun off the buildings from an approximately $2 billion portfolio it bought last year. “This is…
Kris Oppermann Stern
June 13, 2017
Denver office building investor adds 61,000 square feet to portfolio
Arapahoe County Property Location: 7009 S. Potomac St., Centennial Property Description: 61,804-sf, three-story office building, YOC 1984 & 2001 Land Size: 1.15 acres Sales Price: $3.95M, or $63.91 psf Reception No.: D7053725 Grantor: Centennial Professional Center LLC, Elizabeth L. Santangelo, mgr. Grantee: A13 Properties LLC, Peter Charczenko, mgr., 720-523-0462, Ext. 948 Closing Date: 5/11 Financing: $2.77M payable to…
John Winslow
June 13, 2017
