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Dunton, Hampton to repurpose Toys R Us, office property

A long-vacant Toys R Us and an office building along North Academy Boulevard have been purchased by a partnership planning to repurpose the properties. Dunton Commercial, in partnership with Hampton Partners, paid an undisclosed amount for the properties situated at 3770 and 3730 N. Citadel Drive, bounded by Academy, Citadel and Galley Road. The partnership…

Jolene Wollett

November 11, 2019

W.E. O’Neil completes S’Park Market in Boulder, Splunk 3d moves right in

W.E. O’Neil completed the S’Park Market office building, the contractor’s first building turnover on the 10-acre S’Park project with developers The John Buck Co. and Element Properties. It was designed by WorksBureau, based in Arizona.

Kris Oppermann Stern

November 11, 2019

University Center retail building trades

A retail center with Northern Colorado’s only Whole Foods store sold for $23.75 million, which equates to a price of $347.56 per square foot. University Center, located at 2201 S. College Ave., is leased to the natural grocery store and to Wilbur’s Total Beverage, reportedly one of Fort Collins’ top-performing liquor stores on a sales-per-sf…

Kris Oppermann Stern

November 8, 2019

Matrix Group acquires, upgrades Huron Business Center

Denver-based Matrix Group Inc. purchased Huron Business Center for $11 million with immediate plans for upgrades to the property. Huron Business Center, located at 405-475 W. 115th Ave. in Northglenn, is a four-building, 78,187-square-foot property with 25 industrial/flex units. It was fully leased at the time of sale.

Kris Oppermann Stern

November 7, 2019

ASB acquires Denver industrial portfolio for $72 million

ASB Real Estate Investments has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet in Denver’s Airport submarket for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. A Blackstone affiliate, Link Properties, was the seller. Fully leased to Subaru of America, Home Depot, and Old West Mattress Company respectively, the three buildings include 22100 E. 26th Ave. (406,959 sf) in Aurora, 9410 Heinz Way (140,630 sf) in Commerce City and 18300 E. 28th Ave. (85,604 sf) in Aurora.

Kris Oppermann Stern

November 4, 2019

Alto Real Estate enters Denver with $42.25 million buy

Alto Real Estate Funds found a foothold in Denver with its purchase of Quebec Square. The buyer paid $42.25 million for the 207,611-square-foot retail power center at 7506 E. 36th Ave. in Denver. “Quebec Square is a huge win for our fund to get a foothold in the Denver market, one of the fastest growing…

Jolene Wollett

November 4, 2019

GH Phipps completes addition to McKinley-Thatcher elementary school

GH Phipps recently completed the addition to McKinley- Thatcher Elementary school in Denver. The addition was designed by the Cuningham Group. McKinley-Thatcher now has six new classrooms, including a technology lab and art studio, a new gymnasium floor and outdoor learning spaces.

Kris Oppermann Stern

November 3, 2019

Building leased to leading player in D-J Basin fetches $32.5 million

A mission-critical operations center leased to the top oil and gas producer in the Denver-Julesburg Basin sold for $32.5 million, or $282 per square foot. Occidental Petroleum Corp., which recently acquired Anadarko Petroleum Corp., occupies the entire two-story, 114,524-square-foot building, located at 501 N. Division Blvd. in Platteville. Occidental has more than a decade remaining on its lease. Platteville Energy Partners I LLC sold the property. The buyer’s name wasn’t disclosed, but Weld County records list it as CIM OFC Platteville CO LLC, which apparently is affiliated with Phoenix-based CIM Group.

Kris Oppermann Stern

November 3, 2019

TerraCap pays $77.5 million for Centerpoint I & II

Investcorp and Schnitzer West announced that TerraCap Management, a privately held investment firm with its headquarters in Estero, Florida, has purchased Centerpoint I & II in Denver for $77.5 million. Centerpoint I & II occupy a combined 3.6 acres at the intersection of Colorado Boulevard and Interstate 25, midway between downtown Denver and the Denver Tech Center. Tenants have access to walkable amenities and light-rail. Centerpoint I is a 168,486-square-foot, 14-story office tower and Centerpoint II is a 205,534-sf, 16-story tower. Schnitzer West and Investcorp purchased the adjacent Class-A towers in 2016.

Kris Oppermann Stern

October 31, 2019

Stantec to develop regional headquarters campus for Kiewit Corp. in RidgeGate

Stantec is serving as the architect and interior designer for the new regional headquarters campus for Kiewit Corp. The approximately 400,000-square-foot office complex is designed to accommodate more than 1,700 employees. Stantec is also providing landscape architecture and lighting design for the facility. Kiewit Building Group is leading construction as the general contractor for the project.

Kris Oppermann Stern

October 28, 2019