Indoor sports facility, flex space planned next to Smucker’s
A new industrial/flex development anchored by an indoor sports facility is being kicked off across the street from the Smucker’s plant in Longmont. Sandstone Business Complex LLC, a local ownership/development group, has plans to develop an approximately 50,000-square foot indoor sports facility along with four flex buildings on a nearly 7-acre site on Highway 119…
Jill Jamieson-NicholsNovember 22, 2019
Westminster, Schnitzer West team on office at Downtown Westminster
The city of Westminster is partnering with developer Schnitzer West to bring 650,000 square feet of office development to two sites in Downtown Westminster. The first building will include ground floor retail with six to seven stories of office space above. It will be located in the heart of the 105-acre redevelopment site, which houses Alamo Drafthouse, 600 residential units that are either completed or under construction, and an Origin Hotel slated for completion in early 2020. Downtown Westminster is on the west side of U.S. Highway 36 at the Sheridan Boulevard interchange.
Jill Jamieson-NicholsOctober 22, 2019
Premier Members Credit Union buys 360 Interlocken Blvd.
Premier Members Credit Union recently purchased an Interlocken office building with plans to centralize its administrative and support services functions from several existing facilities. The credit union paid $11.62 million, or $225 per square foot, for 360 Interlocken Blvd., a 51, 659-sf building in the Broomfield business park. It will move into the building in…
Jill Jamieson-NicholsOctober 18, 2019
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…
Jill Jamieson-NicholsOctober 17, 2019
Could corporate campus land on ConocoPhillips site?
A corporate office user is eyeing the former ConocoPhillips site in Louisville, which potentially could house millions of square feet of mixed-use development. Denver-based Brue Baukol Capital Partners, which reportedly has the 475-acre site under contract, told the city earlier this summer that “a large organization has identified this property as a best-in-class opportunity for…
Jill Jamieson-NicholsOctober 4, 2019
Ivy Realty pays $8.75 million for value-add buildings
Ivy Realty added to its Boulder portfolio with the $8.75 million acquisition of two industrial/flex buildings that it will reposition as creative office space. The buildings at 5300 and 5306 Sterling Drive total 46,702 square feet. They are located adjacent to 5360 Sterling, a building Ivy acquired last year, transformed into creative space and leased to a technology company. “Ivy has a proven track record in Boulder, and their acquisition of 5300 and 5305 Sterling will be a continuance of their creative vision that attracts best-in-class tenancy,” said JLL Senior Director Leon McBroom. McBroom led a JLL Capital Markets team that arranged $8.7 million in acquisition bridge financing for the purchase.
Jill Jamieson-NicholsSeptember 19, 2019
Armory’s future fortified with apartments
Developers have fortified plans for the historic Armory site in North Boulder. Atlanta-based Pollack Shores Real Estate Group will join owners Bruce Dierking and Jim Loftus to develop an approximately $90 million, 201-unit apartment community on the property at 4750 Broadway. Located in the North Boulder, or NoBo, Art District, The Armory will be a…
Jill Jamieson-NicholsSeptember 15, 2019
Etkin Johnson lands space, satellite company for 80,132 sf
Etkin Johnson Real Estate Partners has landed a spacecraft and small-satellite company for an 80,132-square-foot office/flex building in Lafayette. Boulder-based Blue Canyon Technologies, which builds satellites as well as spacecraft for government, commercial and academic missions, leased 2550 Crescent Drive, a two-story building at Lafayette Corporate Campus. It will relocate to the property in the…
Jill Jamieson-NicholsSeptember 6, 2019
Office condos to offer ‘home away from home’ in CTC
What if work were a home away from home? That’s the idea behind a luxury office condominium development in Louisville, a place with percolating ponds, expansive Front Range views and a “grotto” versus a lobby. Michael Eisenstein of Land Capital LLC, in partnership with Jason Collier, expects to break ground in approximately nine months on…
Jill Jamieson-NicholsSeptember 6, 2019
Etkin Johnson snags tenant for 136,610-sf spec building
Etkin Johnson Real Estate Partners signed a tenant for a new 136,610-square-foot speculative industrial/flex building at Louisville Corporate Campus, prompting construction of a second building in the campus. Charlotte’s Web Holdings Inc., a cannabidiol products company, signed a 10-year lease for 700 Tech Court. Dawn McCombs and Justin Rayburn of Avison Young represented the tenant.…
Jill Jamieson-NicholsAugust 22, 2019