Boulders achieves record, offers opportunity
The Boulders achieved what appears to be a record price for a 1990s apartment community, giving the buyer a unique opportunity to add value in a high-barrier-to-entry market. Global real estate company Heitman paid $62.5 million for the 161-unit community at 2850 Kalmia Ave. in Boulder. The price per unit, $388,199, is believed to be…
Kris Oppermann Stern
October 17, 2019Tritower Financial acquires GHX headquarters in Louisville
A Boston-based real estate investment and management company added to its Boulder County portfolio with the $21.2 million purchase of the GHX World Headquarters in Louisville. Tritower Financial Group bought the 106,877-square-foot building at 1315 W. Century Drive from Lexington Realty Trust for $198.36 per sf. “This is our fourth investment in Boulder and the route 36 corridor. We love the market, and we thought there was a great opportunity to buy this building and help GHX grow in the market, and in the building itself,” said Tod Brainard, Tritower partner and director of acquisitions.
Kris Oppermann Stern
October 14, 2019Niwot center sells to exchange buyer for $7.89 million
A retail/office property in Niwot sold to a 1031 exchange buyer for $7.89 million, or $191.65 per square foot. Bridge Commercial Partners Fund III LLC sold Cottonwood Square to a Denver area family partnership, MAC Management Cottonwood LLC. The 41,168-square-foot property at 7960 Niwot Road consists of a shopping center, medical office building and Conoco…
Kris Oppermann Stern
February 20, 2019Tebo exchanges into former First National Bank Longmont building
Boulder County Property Location: 1726 Hover St., Longmont Property Description: 16,587-sf rentable area in three-story office building, YOC 2005, brick construction Land Size: 1.53 acres Sales Price: $2.3M, or $138.66 psf Reception No.: 3695706 Closing Date: 1/18 Grantor: EAT-1813, Richard Levy, 1031 trustee for Sunflower Bank Grantee: Stephen D. Tebo Financing: Cash Comments: 5,529 sf available on lower…
John Winslow
February 6, 2019