ETuk owners buy buildings at former Robinson Dairy site

The owners of Denver-based eTuk USA, which makes electric rickshaws, bought two buildings at the former Robinson Dairy property in Denver for $5.25 million, or $121.65 per square foot. There currently are tenants in both buildings, so, “It’s starting more as an investment play for them,” said Colin Clancy of Broad Street Realty, who represented…

Jill Jamieson-Nichols

October 18, 2019

Premier Members Credit Union buys 360 Interlocken Blvd.

Premier Members Credit Union recently purchased an Interlocken office building with plans to centralize its administrative and support services functions from several existing facilities. The credit union paid $11.62 million, or $225 per square foot, for 360 Interlocken Blvd., a 51, 659-sf building in the Broomfield business park. It will move into the building in…

Jill Jamieson-Nichols

October 18, 2019

LaSalle buys CenterCore Distribution Center for $45.25M

LaSalle Investment Management made its first industrial property acquisition in the Denver market in many years with the $45.25 million purchase of a Class A distribution facility on the central Interstate 25 corridor. LaSalle paid $181.56 per square foot for CenterCore Distribution Center, a two-building, 249,228-square-foot property at 5725 and 5775 N. Broadway in Denver.…

Jill Jamieson-Nichols

October 14, 2019

7-Eleven sells for more than $1,000 per sf

A private investor picked up a newly built 7-Eleven at a price topping $1,000 per square foot. The buyer paid $3.34 million, or $1,089.48 per sf, for the 7-Eleven net-leased property at 3800 Tower Road, part of the Tower Business Center, in Denver. The build-to-suit for 7-Eleven features a 15-year, triple-net lease. It also has…

Jennifer Hayes

October 13, 2019

Newly built Parker retail center trades for $7.7 million

A local buyer purchased a Parker retail property at a price topping $300 per square foot. The buyer, FDL LLC, paid $7.7 million, or $319.70 per sf, for Country Meadows Square, a multitenant retail center at 19539 Hess Road, at the northwest corner of Parker Road and Hess according to public records. Built in 2018,…

Jennifer Hayes

October 7, 2019

Could corporate campus land on ConocoPhillips site?

A corporate office user is eyeing the former ConocoPhillips site in Louisville, which potentially could house millions of square feet of mixed-use development. Denver-based Brue Baukol Capital Partners, which reportedly has the 475-acre site under contract, told the city earlier this summer that “a large organization has identified this property as a best-in-class opportunity for…

Jill Jamieson-Nichols

October 4, 2019

Roundhouse sells for $10.1 million to California group

A historic railway roundhouse-turned-retail-center recently sold for $10.1 million. CWC Income Properties 6 LLC, a California-based investment group, added to its Colorado holdings with the purchase of the Roundhouse at 600 S. 21st St. in Colorado Springs. Originally constructed in 1889 to service and store locomotives, the stone roundhouse was entirely repositioned and renovated in…

Jennifer Hayes

September 30, 2019

Tebo turns 75 and reflects on Boulder commercial real estate market

In the long run, commercial real estate in Boulder has nowhere to go but up, according to Tebo Properties’ Stephen Tebo. He should know. He’s been investing in the market for 46 years. “Short term, we’re all kind of holding our breath for the next recession. We know what’s going to happen, we just don’t…

Jill Jamieson-Nichols

September 29, 2019

Grand Prix Motor Sports bldg. trades for $6.3 million

An investment group revved up to a Littleton retail building to the tune of $6.3 million. The buyer, 1475 Mountain View LLC, paid $181.60 per square foot for the freestanding Grand Prix Motor Sports building at 3105 W. County Line Road, near the intersection of County Line Road, South Santa Fe Drive and C-470. The…

Jennifer Hayes

September 22, 2019

Denver signs long-term lease for central I-70 property

A year to the day after acquiring a large, vacant industrial building on the central Interstate 70 corridor, Denver-based Streech Properties Inc. leased the property to the city and county of Denver. “When we bought this property, it was a play on all the changes in the neighborhood, between Central 70 and the National Western,”…

Jill Jamieson-Nichols

September 20, 2019