Denver multitenant office property sells for $1.5 million

A multitenant office property in Denver sold for $1.5 million. Buyer 1616 Champa LLC purchased the Samuel Building, the 35,100-square-foot office property at 7290 Samuel Drive in Denver, from seller Walblake LLC. Tim Finholm and Sam Leger of Unique Properties Inc. TNC Worldwide were transactional brokers in the sale. The property, which sits on 1.15 […]

Jenna Walters

June 29, 2020

Dalfen Industrial adds last-mile property to local portfolio

Dallas-based Dalfen Industrial made its second Denver-area acquisition with its purchase of a value-add, vacant industrial building in the airport submarket. Dalfen paid $7.13 million for the Class A 75,000-square-foot distribution building, renamed Aurora Center I at Gateway, at 15800 E. 40th Ave. in Aurora. The building was sold by Serta Simmons Bedding as part […]

Jennifer Hayes

June 22, 2020

Evergreen Development adds Aurora apartments for $46M

Evergreen Development added an Aurora apartment community to its metro Denver portfolio. It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, at 2038 S. Vaughn Way. It was sold by Kevlyn Investments Inc. “It’s just an amazing location,” John Blackshire of Transwestern said of the community, […]

Jennifer Hayes

June 22, 2020

GE Johnson tops out Switchbacks FC Stadium

Last month, GE Johnson installed the final steel beam on the Switchbacks FC Stadium, located in downtown Colorado Springs. Per tradition, the beam was flanked by the American and Colorado state flags as well as the Switchbacks official flag and an evergreen tree.

Kris Oppermann Stern

June 21, 2020

Food hall concept shows promise following pandemic

As states, including Colorado, begin to reopen following the lifting of nationwide stay-at-home orders, customers are demanding a shift toward experiential dining. In May, Cushman & Wakefield released a report detailing the impacts that COVID-19 has had on food and beverage establishments. While traditional dine-in restaurants have been most vulnerable to the challenges brought on […]

Jenna Walters

June 19, 2020

Denver firm arranges financing for Kent Place buyout

Essex Financial Group arranged an $11.5 million loan for the acquisition of Kent Place, a grocery anchored retail center in Cherry Hills Village. Essex’s Vice President Alex Riggs and Assistant Vice President Blaire Butler worked on behalf of the borrower, Continuum Partners, to secure the 15-year, fixed rate nonrecourse loan for the 48,175-square-foot retail center. […]

Jenna Walters

June 19, 2020

Enterprise building sells for $85.7 million

A Denver warehouse distribution building sold in one of metro Denver’s largest single building industrial trades. An investor advised by Zurich Alternative Asset Management LLC of New York paid $85.7 million for Enterprise Business Center Building Six, a 647,483-square-foot facility at 3980 Central Park Blvd. in Denver.

Jennifer Hayes

June 15, 2020

Residential, retail development slated for Eagle County parcel

A Chicago-based developer made its entry into the Colorado market with its purchase of a more-than-74-acre land parcel in Eagle County. The buyer paid $2.58 million – above the $2.5 million list price – for the Tower Center, a 74.08-acre parcel at 11150 U.S. Highway 6 in Gypsum. A Kansas City-based developer sold the property, which had seen a significant amount of interest recently.

Jennifer Hayes

June 15, 2020

Rev360 tenants plan for July move-in to new RiNo building

A River North neighborhood development bringing office space downtown will wrap up in July. The Rev360 project, a joint venture between Ed Haselden, Rob Cohen, Tributary Real Estate, Keystone Equities and Avenue Property Group, will be complete in July with tenant improvements starting within the next month and move-ins happening shortly after. The development is […]

Jenna Walters

June 15, 2020

AGC Biologics acquires industrial facility

A global contract and manufacturing company acquired the former AstraZeneca facility in Boulder. AGC Biologics purchased the 178,713-square-foot manufacturing facility at 5550 Airport Blvd. from seller AstraZeneca. The building, which was built in the mid-1990s, has been vacant for 16 months. A team from Binswanger, including Eric Dienstbach, senior vice president, marketed the property’s availability. […]

Jenna Walters

June 15, 2020