City of Golden sells industrial sites to Golden developer
Jefferson County Property Location: SWC Pine Ridge Road & Catamount Drive, Golden Property Description: Vacant land, zoned industrial Land Size: 254,826 sf, or 5.85 acres Sales Price: $1.6M, or $6.28 psf Reception No.: 2016111618 Closing Date: 10/25 Grantor: City of Golden, Jason Slowinski, city manager Grantee: Erie Partners II LLC, David Bailey, 303-384-0200, Golden, CO 80401…
John Winslow
November 24, 2016Investcorp buys $250 million in Denver, Boston assets
The U.S.-based investment arm of Investcorp, a global provider and manager of alternative investment products, has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas for approximately $250 million. The five investments include 20 buildings and 1.8 million square feet of office, industrial, flex and laboratory space, highlighting Investcorp’s…
CREJ
November 23, 2016Arvada retail center sold to investor for $226 per square foot
Jefferson County Property Location: 15530 W. 64th Ave., Arvada, “Westwood Shopping Center” Property Description: 83,120-sf shopping center, YOC 2007, masonry construction Land Size: 6.59 acres Sales Price: $18.85M, or $226.77 psf Reception No.: 2016115522 Closing Date: 10/29 Grantor: Rocky Mountain Capital Group LLC, Halston Mikail, mgr., 9937 Jefferson Blvd, Culver City, CA 90232 Grantee: GKT Westwoods…
John Winslow
November 23, 2016Aurora apartment community sells for $47.4 million
Steadfast Apartment REIT III Inc., based in Irvine, California, announced on Tuesday that it paid $47.4 million for the 240-unit Bristol Village in Aurora. The sales price equates to $197,500 per unit. Tru America Multifamily, based in Los Angeles, paid $34.35 million or $143,125 per unit, in 2014, according to public records. “We are excited…
Kris Oppermann Stern
November 22, 2016Pinnacle announces sale
Pinnacle Real Estate Advisors LLC announced the sale of a 12-unit apartment building in Arvada. The seller paid $1.55 million, or $129,167 per unit, for the building constructed in 1959 at 9990-10000 W. 59th Ave. Pinnacle did not release the name of the buyer or the seller. The building is just east of Kipling Street…
Kris Oppermann Stern
November 22, 2016Company acquires Englewood Sign Co. and its industrial building
Arapahoe County Property Location: 2500 S. Raritan St., Englewood Property Description: 9,800-sf warehouse, YOC 1976, metal construction Land Size: 29,773 sf Sales Price: $1.2M, or $122.45 psf Reception No.: D6129528 Closing Date: 10/27 Grantor: GCJ2 Co., Galen Achten & Jon Hanson, general partners, 303-975-1772 Grantee: LLW LLC, c/o Lawrence Sign, Robb Walker, CEO, St. Paul, MN 55104 Financing: $960,000…
John Winslow
November 22, 2016Revesco buys three-building portfolio in Olde Town Arvada
Denver-based Revesco Properties bought a trio of buildings in Olde Town Arvada for $6.55 million. The portfolio consists of: • 5773-5777 Olde Wadsworth Blvd., a 24,876-square-foot building on 18,729 sf of land. Tenants include a real estate sales office, attorney’s office, the Arvada Eggshell restaurant and retailers, with multifamily on the top floor. • 5707…
Kris Oppermann Stern
November 21, 2016Winslow Report 11-22-16
The Winslow Report, authored by John V. Winslow, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of Winslow…
John Winslow
November 21, 2016Aspen Grove sells for $82 million
When Aspen Grove opened its doors in November 2001, it was heralded as one of the first open-air “lifestyle” centers in the Denver area. The center, which was designed by Chicago-based Anthony Bellluschi Architects on 32.7 acres at 7301 S. Santa Fe Drive in Littleton, also was one of the first major retail developments near…
Kris Oppermann Stern
November 21, 2016Breakers a legacy holding for Koelbel
Koelbel & Co. began buying land near what was then the Lowry Air Force Base in the late 1970s and early 1980s. “It was a B-minus or a C-plus location,” recalled Walter “Buz” Koelbel, president of his namesake, family owned real estate development dynasty. The 190-acre site, around a large, but hidden, lake became the…
Kris Oppermann Stern
November 21, 2016