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Amazon to open 1 million-sf fulfillment center

Amazon.com Inc. announced plans to open its first fulfillment center in Colorado. The 1 million-square-foot facility in Aurora is expected to create more than 1,000 new full-time jobs, which is in addition to the hundreds of associates currently employed at the Amazon sortation center in Aurora. “We are excited to create 1,000 new full-time jobs in Colorado that pay 30 percent higher than traditional retail…

CREJ

January 23, 2017
Comp of the Day handshake image

GHC Housing acquires Capitol Hill/Midtown apartment portfolio for $19.5M

Denver County Property Location: 701 E. 14th Ave., 1420 Washington St., 1746 Clarkson St., 1825 Logan St., 1920-1928 E. 17th Ave. & 1667 Race St., 1901-1921 E. 16th Ave., 1601 E. 17th Ave., Denver Property Description: Six apartment buildings, total of 121 units with 69,121 sf Land Size: 67,655 sf, total of seven parcel numbers Sales…

John Winslow

January 23, 2017
Comp of the Day handshake image

Hamilton Zanze acquires Class B office buildings in Aurora & Centennial

Property Location: 12100-12250 E. Iliff Ave., Aurora, “Aurora Corporate Plaza” Property Description: 219,268-sf, three-story office complex (3 buildings) YOC 1983, concrete panel construction Land Size: 17.15 acres Sales Price: $17.38M, or $79.24 per sf Reception No.: B7006469 Grantor: TNREF III Aurora Corporate Plaza LLC, Paul R. Turovsky, mgr. Grantee: 1500 ACP LLC, David P. Messing, mgr.,…

John Winslow

January 20, 2017
Comp of the Day handshake image

Denver investor acquires Lone Tree retail building for $316 per sf

Douglas County Property Location: 9234 Park Meadows Drive, Lone Tree Property Description: 16,311-sf multitenant retail building, YOC 2006 Land Size: 2.5 acres Sales Price: $5.15M, or $315.74 per sf Reception No.: 2017000649 Grantor: Stoneybrook Investments SPE LLC, Kevin McCoy, mgr., & Coot Oil SPE LLC, Gordon Penny, mgr. Grantee: Meadows at Lone Tree LLC (50.789%) & Masbro RLLP…

John Winslow

January 19, 2017
Comp of the Day handshake image

Kroenke purchases upscale Centennial Airport hangar/office

Douglas County Property Location: 8725 Aviator Lane, Centennial Property Description: 33,503-sf airplane hangar/office building, YOC 2005 Land Size: 2.66 Acres Sales Price: $6.9M, or $205.95 per sf Reception No.: 2016094860 Grantor: DLTB LLC (David L. Liniger, mgr.) Grantee: GKT Bird Nest Colorado LLC c/o Kroenke Group 573-449-8323 Closing Date: 1/9 Financing: Cash Comments: See APN: 2231-013-02-009. There is 11,849…

John Winslow

January 18, 2017
Emerging Trends

ULI Emerging Trends ranks Denver 11th

Denver didn’t quite make the Top 10 list in the latest Emerging Trends report released by the Urban Land Institute. Instead, Denver ranked No. 11 in the markets to watch in 2017. In the 2016 Emerging Trends report, Denver ranked No. 6. The report  — compiled annually by ULI and PwC based on interviews and…

Kris Oppermann Stern

January 18, 2017
Scala building

NexusTek signs 16,000-sf lease in Greenwood Village

Technology services firm NexusTek signed a lease for 16,000 square feet at Scala, a 95,000-sf office building located at 5889 Greenwood Plaza Blvd. in Greenwood Village. Six months following the building renovations, Scala’s tenant base is now 30 percent technology-focused companies. Transwestern’s Senior Vice Presidents Andrew Piepgras and Peter Thomas represented the building owner, Elion…

CREJ

January 17, 2017
5613 DTC

Buchanan Street Partners buys 5613 DTC

Buchanan Street Partners has acquired 5613 DTC with the intent of taking the high profile southeast suburban office tower to the next level. Buchanan Street bought the 12-story, 224,015-square foot office building, which sits along Interstate 25 at the foot of the Orchard light-rail station pedestrian bridge, from SteelWave LLC. Terms weren’t disclosed, but Arapahoe…

Kris Oppermann Stern

January 16, 2017
Aurora Marketplace

Portland firm enters market with $35.5 million buy

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 […]

Kris Oppermann Stern

January 16, 2017
Southpark Business Center

Etkin Johnson reaps rewards with $18.23M Southpark sale

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 […]

Kris Oppermann Stern

January 16, 2017