Kum & Go continues expansion

Kum & Go is continuing its Colorado expansion. The convenience store chain is building on the opening of four new locations in the Denver metro area since August with another nine planned to open in 2020. Kum & Go will open a location at 4750 N. Tower Road in Denver in the first quarter and…

Jennifer Hayes

December 1, 2019

Meadows office/retail center changes hands at $9.62M

A 1031 exchange buyer paid $9.62 million, or $369.53 per square foot, for Meadows Town Center I, a 26,033-sf office/retail property in Castle Rock. Located at 3911 Ambrosia St., at the entrance to The Meadows community, Meadows Town Center I includes two buildings connected by a second-floor hallway. The buildings are 100% leased to five…

Jill Jamieson-Nichols

December 1, 2019

Country Club Village sells for $9.2 million to California buyer

A Westminster retail center that serves the surrounding neighborhood recently sold for $9.2 million. Cannery Row Inn LP, according to public records, purchased the Country Club Village center at 2721 and 2821-2851 W. 120th Ave. from Hampton Partners. The 33,091-square-foot Country Club Village was fully occupied at the time of sale, with some rollover expected…

Jennifer Hayes

November 24, 2019

Indoor sports facility, flex space planned next to Smucker’s

A new industrial/flex development anchored by an indoor sports facility is being kicked off across the street from the Smucker’s plant in Longmont. Sandstone Business Complex LLC, a local ownership/development group, has plans to develop an approximately 50,000-square foot indoor sports facility along with four flex buildings on a nearly 7-acre site on Highway 119…

Jill Jamieson-Nichols

November 22, 2019

Westhills community trades for $92 million

A garden-style apartment community in Lakewood was picked up at a price of $92 million. Priderock Capital Partners, according to public records, purchased the 400-unit Westhills Apartment Homes at 453 Van Gordon St., in the Union Boulevard/Federal Center area. Gelt Inc. sold the community, built in 1972. Situated on 16.22 acres, the 27-building property features…

Jennifer Hayes

November 17, 2019

Ogilvie Properties to add its touch to Stapleton building

Ogilvie Properties will add its personal touch to a Stapleton office building that it acquired for $12.58 million. Ogilvie bought Stapleton Plaza Office Center from Tucson, Arizona-based Holualoa Cos. with plans to update the asset, expand amenities and improve occupancy. The 131,949-square-foot building at 3401 Quebec St. was 74% leased at the time of the…

Jill Jamieson-Nichols

November 17, 2019

EverWest Real Estate closes mezzanine construction loan

EverWest Real Estate Investors closed on two mezzanine construction loans totaling $24.3 million for a pair of hybrid residential projects. EverWest closed on the loans for NexMetro Communities, a national developer of for-rent communities that serve as a hybrid between conventional garden-style apartments and amenitized single-family homes. The loans will support NexMetro’s development of Avilla…

Jennifer Hayes

November 10, 2019

Last-mile industrial park to grow on former greenhouse site

A decades-old Denver greenhouse will grow into a last-mile industrial park with exceptional interstate access. “Infill sites with this type of access are very hard to find,” Comunale Properties President John Comunale said of the approximately 15-acre former Center Greenhouse property at the northeast corner of Interstates 25 and 270. “When you have 25, 76,…

Jill Jamieson-Nichols

November 7, 2019

Bascom buys Broadway apts. for $90.5M

A longtime player in Colorado’s multifamily market is banking on Broadway. Bascom Northwest Ventures LLC, an affiliate of The Bascom Group LLC, purchased the 1000 South Broadway Apartments, a 260-unit Class A infill community in Denver. The firm paid $90.5 million, or $348,076 per unit, for the community at 1000 S. Broadway. Greystar sold the…

Jennifer Hayes

November 4, 2019

Stockbridge Real Estate pays $27.35M for industrial park

A four-building, small-bay industrial park in a last-mile location in Denver sold for $27.35 million, or $149.19 per square foot, according to county records. Stockbridge Real Estate bought Monaco I-70 Industrial Park, a 183,319-sf park on 9.89 acres at the intersection of East Smith Road and Monaco Parkway, from Monaco I-70 Industrial Park LLC. The…

Jill Jamieson-Nichols

November 3, 2019