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Residential developer buys 4.56 acres in CornerStar Shopping Center

Arapahoe County

Property Location: North corner of S. Chambers & E. Briarwood Circle, Aurora

Property Description: Vacant, proposed multifamily

Land Size: 198,405 sf, or 4.56 acres

Sales Price: $1.18M, or $5.92 psf

Reception No.: D6122900

Closing Date: 10/26

Grantor: BRE DDR Cornerstar CO LLC, Kenneth L. Stern, SVP

Grantee: Second Act Residences LLC, Steven Kreisman, mgr., 303-741-5666

Financing: $850,000 payable to Thomas R. Kowalski, trustee of Respond Corp. 401K

Comments: See APN:2073-29-2-06-002. 2073-29-2-06-003. Lots 2-3, Block 1, Cornerstar Subdivision, Filing No. 1, or file plat B7134938. The buyer indicated from the secretary of state is Kenneth M. Slyzuik of Elizabeth, Colorado.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.