Legacy at Fitz starts to take shape under OZ program
Construction has begun on Colorado’s first large-scale apartment community to break ground under the newly created opportunity zone program. Legacy Partners and Griffin Capital Co. recently closed on the 4.52-acre site at 1363 N. Victor St., where the development of Legacy at Fitz, a five-story, 363-unit community, is occurring.
Jennifer HayesAugust 19, 2019
Mixed-use Cottonwood Square sells for $9 million
GSI Enterprises Inc. paid $152.09 per square foot for Cottonwood Square, a 59,175-sf retail, office and medical property at 2809-2873 Dublin Blvd. and 6455 N. Union Blvd.
Jennifer HayesAugust 12, 2019
Westminster building acquired for $14.98M
A local investment group acquired an approximately 126,000-square-foot value-add office building along the U.S. Highway 36 corridor for $14.98 million.
Jill Jamieson-NicholsAugust 10, 2019
Shadow-anchored center in Northglenn sells for $5.22M
A Safeway shadow-anchored center in Northglenn recently sold for $5.22 million. A local, private buyer purchased Washington Point, a 36,442-square-foot retail center at 540 E. 120th Ave. in Northglenn. Constructed in the late 1990s, Washington Point was 92% occupied at the time of closing. The largest tenant at the center is ARC Thrift, which occupies…
Jennifer HayesAugust 4, 2019
Value-add office portfolio fetches $49 million
A San Francisco buyer collected six office buildings from Louisville to Englewood in a $49 million value-add portfolio deal. While the name of the buyer wasn’t released, records show entities affiliated with global institutional asset management company Farallon Capital Management LLC bought the portfolio, which comprises 418,495 square feet. One of the buildings, 105 Technology…
Jill Jamieson-NicholsAugust 2, 2019
Lincoln Springs sells to buyer making second buy in city
A buyer making its second purchase in Colorado Springs purchased an “untouched” value-add opportunity. Monarch REI LLC paid $19.5 million, according to public records, for the 180-unit Lincoln Springs Apartments at 1170 S. Chelton Road. “Our buyer is very excited about the addition of this value-add apartment complex to their portfolio. They plan on making…
Jennifer HayesJuly 28, 2019
QOZ fund, Hines announce plans for North Wynkoop apartments
Houston-based Hines and Cresset-Diversified QOZ Fund announced plans to build one of the first qualified opportunity zone investments in the Denver area – North Wynkoop. The 10-story apartment community will feature 392 luxury units located at the northern edge of Denver’s River North neighborhood, on a site along Brighton Boulevard just west of AEG’s Mission…
Jennifer HayesJuly 19, 2019
Central Park Plaza sells for $5.1M
A local investor added to its holdings with its acquisition of a retail center in Denver’s “dynamic” Stapleton submarket. The buyer, Park Plaza LLC, purchased the Central Park Plaza property from Central Park Plaza LLC, according to public records. The 17,844-square-foot shopping center at 5096 Central Park Blvd. in Denver sold for $5.1 million, or…
Jennifer HayesJuly 14, 2019
Developer buys parking lot with eye toward creative tower
A developer with a creative vision for a 40-story tower on a parking lot at 1901 Arapahoe St. in downtown Denver is under contract to buy the 1.26-acre site for $28 million. Michael Eisenstein of Land Capital LLC is eyeing development of the Love This City Tower, which could include structured parking, up to 1,300…
Jill Jamieson-NicholsJuly 13, 2019
Westside Investment pays $16.5M for redevelopment site
Redevelopment is in store for an industrial property on an emerging corridor near downtown Denver.
Jill Jamieson-NicholsJuly 13, 2019