StorQuest

Upscale self-storage facilities rise in Denver

A national self-storage company is raising its profile in the Denver area with developments at a busy intersection near downtown and in the heart of the Denver Tech Center. The William Warren Group, which owns or manages a dozen self-storage facilities in Denver, is under construction on an 815-unit StorQuest facility at West Sixth Avenue…

Jill Jamieson-Nichols

June 8, 2016
JPMorgan site

JPMorgan Chase buys Aurora property for ‘operations site’

JPMorgan Chase has acquired 100 acres of land in Aurora for an “operations site” scheduled to be up and running in two to three years. According to public records, the company paid $11.76 million, or $2.70 per square foot, for the land in the Aurora Crossroads Regional Activity Center at the southeast corner of Interstate…

Jill Jamieson-Nichols

June 6, 2016
Comp of the Day handshake image

Englewood industrial building fetches more than $113 per square foot

Arapahoe County Property Location: 3955 S. Mariposa St., Englewood Property Description: 7,140-sf industrial building, YOC 1972, two drive-in doors, brick construction Land Size: 9,583 sf Sales Price: $810,000, or $113.44 per sf Reception No: D6053871 Closing Date: 5/24 Grantor: A2Z Industrial Properties LLC, Tim Goldstein & Karen Goldstein, mbrs. Grantee: 3955 S. Mariposa LLC, Warren W.…

John Winslow

June 2, 2016
Encompass Business Park

Spec building kicks off Encompass Business Park

Denver-based Central Development LLC will develop a 150,000-square-foot speculative industrial building as part of a new Class A business park in Centennial. Encompass Business Park will be developed on 64 acres of land on the east side of South Potomac Street, between East Arapahoe Road and East Fremont Avenue. It will include both speculative and…

Jill Jamieson-Nichols

May 31, 2016
Capitol Center

SteelWave joins Capitol Center owner in asset repositioning

SteelWave has entered a joint venture with the owner of an uptown office asset that is a prime candidate for repositioning. The Capitol Center comprises a 133,400-square-foot multitenant office tower at 225 E. 16th Ave. that is 69 percent leased and a 22,857-sf building at 1600 Sherman St. leased to The Colorado Trust. SteelWave and…

Jill Jamieson-Nichols

May 31, 2016
Comp of the Day handshake image

Redevelopment of existing industrial building planned

Denver County Property Location: 2200-2220 California St., Denver Property Description: 18,614-sf commercial building with five drive-in doors, 16’ clear, YOC 1920, masonry construction (to be fully renovated) Land Size: 18,893 sf Sales Price: $3M, or $161.17 per sf Reception No.: 2016067571 Closing Date: 5/24 Grantor: WEJ 2015 Charitable Remainder, William E. Jackson, tr., 303-377-7758 Grantee: 550…

John Winslow

May 31, 2016
IMM

Growing tech tenants head east for larger spaces, affordability

Technology companies may love downtown Boulder, but many are moving east. A number of tech companies have traded downtown’s amenities and culture for large blocks of space, parking and affordability in East Boulder over the last 18 to 24 months. “Our clients in particular, which are primarily technology companies that are growing rapidly, are choosing…

Jill Jamieson-Nichols

May 31, 2016

Elan sale a record breaker

It was a blockbuster deal. American Realty Advisors last month paid $154.3 million for the 314-unit, Elan Union Station, according to public records. American Realty Advisors is rebranding the community on 2.4 acres at Chestnut Place and 20th Street as ALARA Union Station. It was the most expensive apartment sale ever in downtown Denver’s central…

John Rebchook

May 31, 2016

Pinnacle sells retail center

A local investor recently paid $4.85 million for Centennial Corner, a retail center near a Walmart Supercenter. The investor, who did not want to be named, paid $259 per square foot for the 18,719-sf, two-building center at 10909 E. Arapahoe Road in Centennial. “It was an off-market deal,” said Tom Ethington, who represented the seller […]

John Rebchook

May 31, 2016
City Park

Edge at City Park refinanced by Murphy

Stephen Caragol’s The Edge at City Park LLC bought the land near City Park in Denver a number of years ago. A year ago, the developer built a five-story, 29-unit luxury apartment building at 1855 Gaylord St. Steamboat Springs-based Caragol, through The Edge at City Park LLC, recently refinanced the condo-quality rental property in an […]

John Rebchook

May 31, 2016