A 100%-leased multitenant retail building at 2534 in Johnstown sold to an investor who knows the area well. Gerrard Family Limited Partnership LLLP paid the full asking price of $4.66 million, or $665.71 per square foot, for the 7,000-sf building at 4930 Thompson Parkway. The partnership is managed by Gary Gerrard, one of the original owners and master developers of 2534. Given his familiarity with the development, “We couldn’t have had a better buyer,” said Zander Rodriguez of David Hicks & Lampert Brokerage.

Brinkman has acquired a newly completed hotel in Parker as part of a long-term investment strategy. Brinkman, in partnership with Utah-based developer Colmena Group, purchased the 108-room SpringHill Suites by Marriott at 9355 Silverado Drive. The price was $17.28 million, or $160,000 per key. The 66,641-square-foot building is located off Silverado and North Pine Lane, less than a mile from the intersection of E-470 and Parker Road. The upper-midscale hotel features a breakfast area, 356 sf of meeting space, an indoor pool, fitness center, lobby workstation, market pantry and guest laundry area.

Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired a three-property commercial portfolio totaling 661,000 square feet of office, industrial and data center space for $116 million. The institutional-quality commercial campuses located in southeast Denver and Aurora expand Kennedy Wilson’s footprint in rapidly growing markets across the Western United States.

Saunders Construction Inc. in conjunction with 4240 Architecture Inc. were awarded the design and construction for Meridian Village, one of Colorado State University’s largest projects to date. At full build-out, Meridian Village will accommodate 1,600 students in both traditional and pod communities to continue to support student success and engagement.

St. Charles Town Co. is pumping up its presence in Bonnie Brae. A Denver-based entity of real estate development firm St. Charles Town Co. completed the purchase of a 12,500-square foot building at 709 S. University Blvd. It paid $2.45 million to BBAC LLC for the property. The property, home to ink! Coffee, sits adjacent…

A new industrial park with great freeway access is coming to yet another former Denver area greenhouse property. SunCap Property Group and Colony Industrial, a subsidiary of Colony Capital, bought the Welby Gardens property at East 74th and Clayton Street in Adams County to develop North Central Logistics Center. The development will include 640,995 square…

Etkin Johnson Real Estate Partners has broken ground on the first phase of Edge 470, a 334,000-square-foot industrial/ flex campus near E-470 and Chambers Road in Parker. Scheduled for completion in the third quarter, Phase 1 consists of two approximately 80,000-sf buildings on 12.8 acres. “Every detail of Edge 470 is designed to give tenants…

A scarcity of available flex space drove interest in a Colorado Tech Center building that sold for $2.5 million, or $166.79 per square foot. Sunny Way LLC purchased the building at 379 S. Arthur Ave. in Louisville from SimonKramer Partners LLC. A Cut Above Uniforms, currently in Broomfield, will occupy the building. Scott Crabtree “We…

A Florida-based operating entity made its first Colorado Springs acquisition and second in Colorado with its purchase of Garden of the Gods Plaza. The buyer paid $11.54 million for the seven-building, 96,314-square foot shopping center at 975-1045 Garden of the Gods Road in Colorado Springs. “This is a multi-building asset right on Garden of the…

Last month, GE Johnson and Peak Custom Fabrication crews erected and installed the highest steel beam on the Pikes Peak Summit Complex. Per tradition, the beam was flanked by the American and Colorado state flags.