Clarion makes $146.3M investment in downtown Boulder
Clarion Partners landed a three-building office portfolio in downtown Boulder for $146.3 million, or $621.72 per square foot. The deal included two of the largest office buildings downtown, 1050 Walnut and Canyon Center, along with 1900 15th St. The portfolio totals 235,316 sf. “Downtown Boulder is such a unique market. For someone to come in…
Jill Jamieson-NicholsJanuary 20, 2020
BHP, city create 120 units of permanently affordable housing
Boulder Housing Partners and the city of Boulder have broken ground on a 120-unit permanently affordable housing community – the most significant development of its kind in the city’s history. BHP is the master developer of the project, called 30Pearl. It will be located on 4.6 acres at 2630 30th St. in Boulder Junction, a…
Jill Jamieson-NicholsJanuary 11, 2020
Uniform company finds fit with tech center flex building
A scarcity of available flex space drove interest in a Colorado Tech Center building that sold for $2.5 million, or $166.79 per square foot. Sunny Way LLC purchased the building at 379 S. Arthur Ave. in Louisville from SimonKramer Partners LLC. A Cut Above Uniforms, currently in Broomfield, will occupy the building. Scott Crabtree “We…
Jill Jamieson-NicholsDecember 23, 2019
Parc Mosaic: Luxury Apartment Living that is Perfectly Boulder
A collaboration between Tryba Architects, Millender White and Aimco, when completed next month Parc Mosaic will feature 226 units – studio to three-bedroom – in four buildings spread across a parklike patchwork of gardens and green spaces.
Building DialogueDecember 9, 2019
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