Equus buys, updates Gateway Centre

Gateway Centre, a four-building office park at the doorstep of Denver International Airport, changed hands for $45.6 million. An affiliate of Equus Capital Partners Ltd., a Pennsylvania-based private real estate investment fund manager, bought the 299,614-square-foot property from EQ Office in a deal that piqued interest from private, domestic funds due to the quality, location…

Jill Jamieson-Nichols

August 21, 2019

NewStreet makes ‘smart’ buy with Panasonic building

Panasonic Enterprise Solutions Co.’s “smart building” near Denver International Airport was picked up for $194.74 per square foot in an investment company’s first Denver deal. NewStreet Properties LLC bought the 112,966-square-foot industrial/flex building, which produces more energy than it consumes, from Denver-based Westfield Company Inc. for $22 million. Westfield developed the building at 6144 N.…

Jill Jamieson-Nichols

August 19, 2019

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 Hayes

August 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 Hayes

August 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-Nichols

August 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 Hayes

August 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-Nichols

August 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 Hayes

July 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 Hayes

July 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 Hayes

July 14, 2019