TA Associates adds Trifecta

TA Associates boosted its Denver area portfolio with its purchase of Trifecta Belmar, a 220-unit community at 7110 W. Virginia Ave. in Lakewood. The Boston-based buyer paid an undisclosed amount for the community, constructed in 2015, which was sold by CPF Trifecta LLC. There was a significant amount of interest in the apartment community due…

Jennifer Hayes

February 24, 2020

Woodmen Office Campus II trades for $6.62 million

A Missouri-based buyer purchased its first Colorado Springs office property with its acquisition of Woodmen Office Campus II. The American Way Group LLC of St. Charles, Missouri, paid $6.62 million for the 77,608-square-foot building at 7450 Campus Drive in Colorado Springs. “Woodmen Office Campus II offered investors the opportunity to acquire a property with exceptional…

Jennifer Hayes

February 16, 2020

Industrial asset fetches $197 per square foot

Woodspear Properties paid $21.11 million, or $196.69 per square foot, for a 107,303-sf industrial building at 9950 E. 40th Ave. in Denver. H-B Tempe LLC sold the property, located along Interstate 70. Newmark Knight Frank brokers Mike Wafer, Tim D’Angelo, Tim Prinsen and Jerry Hopkins represented the seller. Wafer said, “9950 E. 40th Ave. is…

Jill Jamieson-Nichols

February 16, 2020

Westcore picks up industrial asset in $23 million deal

Westcore shifted into acquisition mode with the $23 million purchase of an industrial asset in Dove Valley Business Center. The purchase of the 149,652-square-foot building at 14101 E. Otero Ave. in Englewood was Westcore’s first in the Denver area in four years. Westcore bought the building from developer Brennan Investment Group for $153.69 per sf.…

Jill Jamieson-Nichols

February 16, 2020

Military housing turned apartments sells for $26.1 million

An out-of-state investment group made its first Colorado acquisition with its record-pricing purchase in Colorado Springs. Clear Capital LLC of Los Angeles paid $26.1 million, or $207 per square foot, for The Palmer Park Apartments – a record price per sf for multifamily assets built in Colorado Springs prior to 1990. The 200-unit community at…

Jennifer Hayes

February 10, 2020

CWCapital, Kenai invest $41 million in industrial portfolio

A new joint venture of CWCapital and Kenai Capital Advisors has acquired three industrial buildings in Compark Business Campus in Englewood for $41 million. The 263,734-square-foot portfolio included 8490 and 8560 Upland Drive, along with 14800 Grasslands Drive. Hendricks Commercial Properties sold the assets for $155.46 per sf. The deal provided a rare opportunity to…

Jill Jamieson-Nichols

February 7, 2020

Single-tenant retail transactions close in Commerce City

Blue West Capital recently closed a pair of single-tenant transactions in Commerce City – sales that speak to the strength of the net-leased market in Colorado. The Sherwin-Williams at 10460 Chambers Road sold for $3.17 million to a California based 1031 exchange investor. The sale of the 4,500-sf Sherwin-Williams property, completed late in 2019, followed…

Jennifer Hayes

February 3, 2020

LaSalle buys newly completed Parc Santa Fe for $58 million

A real estate investment management firm bought the newly completed Parc Santa Fe industrial development in Highlands Ranch. Developers Jackson-Shaw and LaPour Partners sold the three-building, 345,126-square-foot project to Chicago-based LaSalle Investment Management. The price wasn’t released, but public records show it was $58 million, or $168.05 per sf. Located south of C-470 and South…

Jill Jamieson-Nichols

February 2, 2020

Disparate apartment communities sell in $72.5M portfolio transaction

Two styles of apartment communities in two different markets sold to the same buyer for a combined $72.5 million. The largest was Country Club West, a 288-unit community on Greeley’s west side. Peak Capital Partners, a Provo, Utah-based multifamily properties company, bought the apartments together with the Maple Leaf Apartments, a 71-unit property in Arvada.…

Jill Jamieson-Nichols

January 27, 2020

PCCP funds financing for Tuscany Village acquisition

PCCP LLC, a real estate finance and investment management firm focused on commercial real estate debt and equity investments, recently provided financing for the acquisition of a six-story office property neighboring Fiddler’s Green Amphitheatre. The firm provided a $51 million senior loan to America’s Capital Partners for the acquisition of Tuscany Village Center, a 257,875-square-foot…

Jennifer Hayes

January 26, 2020