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Boulder flex sells for investment adviser
Boulder County Property Location: 6265 Gunbarrel Ave., Boulder Property Description: 152,002-sf office/flex/warehouse, YOC 1969 Land Size: 12.31 acres Sales Price: $16M, or $105.26 per sf Reception No.: 03575818 Grantor: RE I Residential II LLC by: Bow River Capital LLC, Nick Koncilja, mgr. Grantee: 6265 Gunbarrel Avenue LLC c/o Manchester Capital Management Closing Date: 2/17 Comments: BI, a division…
John Winslow
March 7, 2017King Soopers acquires 22 acres for Candelas store
Jefferson County Property Location: SWC W. 91st Place & Indiana St.; NWC Candelas Parkway & Indiana Street, Arvada Property Description: Vacant land Land Size: 22.145 acres Sales Price: $2.17M, or $2.25 per sf Reception No.: 2017020812 Grantor: Cimarron Development Company, Gregg A. Bradbury, Charles C. McKay & Jeffrey Nading, mgrs., 303-469-1873 Grantee: Dillon Companies Inc., c/o…
John Winslow
March 3, 2017Northeast Denver industrial property sold to HBM Supply for $123 per square foot
Denver County Property Location: 4801 E. 39th Ave., Denver Property Description: 11,920-sf industrial building, YOC 1966, brick, two dock-high doors, 15 parking spaces Land Size: 0.64 acres Sales Price: $1.47M, or $123.32 psf Reception No.: 2017015186 Grantor: Cap Land Company, Gary Priola, pres. Grantee: Moreno Real Estate LLC, Paul E. Moreno, mgr., 5885 Stapleton Drive North, Unit C-308,…
John Winslow
March 2, 2017Lakewood apartments acquired by Littleton investor for $115,000 per unit
Jefferson County Property Location: 8545 W. Dakota Ave., Lakewood, “Pinetree II Apts.” Property Description: 78-unit, three-story apartment complex with 63,543 sf, YOC 1982, frame construction with brick/vinyl siding (3 buildings) Land Size: 4.96 acres Sales Price: $9M, or $115,385 per unit, or $141.64 psf Reception No.: 2017012049 Grantor: PineTree II Inc., Delbert B. Roupp, pres. Grantee: Pinetree Apartments…
John Winslow
March 1, 2017NGKF: Rates for first-class office space top $50 per sf
Rates top $50 per sf in Denver for first time Denver’s office market ended the year with 631,642 square feet of absorption, and vacancy stands at 14 percent. In the CBD, ask rates in some of the super premium buildings have breached $50 per square foot, a level never before seen in Denver. In Cherry Creek, Class…
CREJ
February 28, 2017Central Denver warehouse is snagged by owner-user for $3.5 million
Denver County Property Location: 2452 W. Second Ave., Denver Property Description: 46,999-sf warehouse, YOC 1982, masonry Land Size: 2.33 acres Sales Price: $3.45M, or $73.40 psf Reception No.: 2017014785 Grantor: 2452 W. 2nd Ave LLC, Jeremy Records, mgr., 303-628-0200 Grantee: West 2nd Avenue Dev LLC, Randy Benedict, mgr., 720-548-2551. Closing Date: 2/2 Financing: $3.08M payable to Community Banks…
John Winslow
February 28, 2017Brue, Baukol join forces to take Denver CRE firm to next level
Leading commercial real estate investor Chad Brue and top investment sales broker Geoff Baukol have teamed up to form Brue Baukol Capital Partners. Brue, a former CBRE senior executive, founded Brue Capital Partners in Denver in 2011, assembling and developing a portfolio of industrial, multifamily, office, resort and mixed-use properties. Baukol brings more than 17…
Kris Oppermann Stern
February 27, 2017Distribution space underway at I-25 & 58th Ave.
A local company that is developing industrial projects across the country is launching its first Denver development. Englewood-based Huntington Industrial Partners, founded by former Prologis President and CEO John Seiple in 2010, is developing 249,505 square feet of Class A distribution space on 20 acres at the interchange of Interstate 25 and East 58th Avenue.…
Kris Oppermann Stern
February 27, 2017Roth Sheppard starts design on several projects
Roth Sheppard Architects was selected to design the Fort Worth Police Department Sixth Patrol District Substation and the city of Thornton Fire Station No. 6 and Police Substation led by partner-in-charge Brian Berryhill, as well as the new Police and Courts Facility for Firestone.
Kris Oppermann Stern
February 27, 2017The Confluence Goes with the Flow
Rising high at 2166 15th Street in Denver is The Confluence, an ultra-luxury, 34-story, 288-unit apartment community, aptly named because of its unique location at the confluence of Cherry Creek and the South Platte River.
Building Dialogue
February 27, 2017