Sea change in store for Flatiron Marketplace

Residences at Flatiron Marketplace

More than 272,000 square feet of largely vacant retail space at Flatiron Marketplace will be demolished and replaced with up to 1,200 multifamily units and 14,000 square feet of ground floor retail. Broomfield City Council recently gave Dallas-based Provident Realty Advisors Inc. approval to redevelop Flatiron Crossing’s 20-acre Lifestyle District – an approximately $200 million…

Jill Jamieson-Nichols

February 4, 2019

Lafayette family partnership snatches Longmont office/warehouse

Boulder County Property Location: 1350 Kansas Ave., Longmont Property Description: 16,093-sf, two-story office-warehouse, fluted and fractured block, YOC 1984, Land Size: 1.07 acres Sales Price: $2.28M, or $141.37 Reception No.: 3695577 Closing Date: 1/25/19 Grantor: 1350 Kansas Avenue LLC (Theresa R. Caucillo, mgr.) Grantee: The Sanders Family LLC (Scott & Diane Sanders, mgr.), Lafayette Financing: $1.45M payable…

John Winslow

February 4, 2019

Interlocken buildings with credit tenant trade for $15.17M

303 S. Technology Court

A New York private investor paid $15.17 million, or $202 per square foot, for a pair of office/flex buildings in Interlocken Advanced Technology Environment in Broomfield. Honeywell occupies the 75,119-sf property at 303 S. Technology Court. The company has more than 10 years remaining on its lease. Jakobsen Properties LLC, which was completing a 1031…

Jill Jamieson-Nichols

February 3, 2019

E*Trade building sells for $16.9 million

A longtime investor in the Denver market bought the TCA by E*Trade building in Centennial for $16.9 million, or $289.36 per square foot. Honolulu-based Watumull Properties Corp. purchased the 58,405-sf building at 7103 S. Revere Parkway in a deal handled by Colliers International brokers Brad Calbert, T.J. Smith and Nick Rice. The seller was 7103…

Jill Jamieson-Nichols

February 3, 2019

Louisville investor acquires neighborhood center in Westminster for $1.1 million

Adams County Property Location: 3200 W. 72ndAve., Westminster, “RMS Center” Property Description: 8,400-sf retail building, YOC 1963, brick Land Size: 12,630 sf Sales Price: $1.1M, or $130.95 psf Reception No.: 20180004188 Closing Date: 12-28-18 Grantor: M. Alice Lehman Grantee: 72nd Corner LLC (Michael Eisenstein, mgr.), Louisville 80027 Comments: This property was listed for sale by Brad Brooks of…

John Winslow

January 22, 2019

Tritower buys Avista Pharma buildings for $18 million

2600 Trade Centre

Tritower Financial Group increased its Colorado holdings with the $18 million acquisition of two office/laboratory buildings in Longmont. Avista Pharma Solutions Inc. occupies the buildings, which comprise 78,023 square feet and are located at 2600 and 2620 Trade Centre Ave. Blackstone-owned BioMed Realty Trust Inc. was the seller. Boston-based Tritower also bought the Array Biopharma…

Jill Jamieson-Nichols

January 20, 2019

Freeman Capital buys development site in Colorado Tech Center

1875 and 1923 Taylor Ave.

A local partnership has acquired one of the last development sites in the Colorado Tech Center in Louisville for construction of an 83,000-square-foot flex building. Freeman Capital Management, led by Andrew Freeman, purchased the 6.8-acre site at 1875 and 1923 Taylor Ave. from Barry Manley for $1.25 million. Freeman is working with RVP Architecture to…

Jill Jamieson-Nichols

January 11, 2019

Boulder Holiday Inn Express to be ‘nicest’ in country

Holiday Inn & Suites

During an initial hearing on plans for a Holiday Inn Express & Suites off the Diagonal Highway, Boulder’s Planning Board advised the developer to “make it look good.”The result could be one of the nicest hotels of its kind. The 138-room hotel recently received site and use review approval following more than 2 1/2 years…

Jill Jamieson-Nichols

December 22, 2018

Basham buys Church Ranch building leased to Staples for $12.5M

10249 Church Ranch Way

An office building that recently was remodeled for Staples’ Western regional headquarters sold to a local buyer for $12.5 million. An affiliate of Denver-based Basham & Associates purchased the 63,057-square-foot building at 10249 Church Ranch Way in Westminster from 10170/10249 Church Ranch Way LLC, an affiliate of a large, East Coast private equity firm. Staples…

Jill Jamieson-Nichols

December 14, 2018

‘One-of-a-kind’ apartment community sells for $106 million

An Ohio-based real estate investment firm paid $106 million for a distinctive apartment community on the Denver-Boulder corridor. Terracina, a 386-unit community at 13620 Via Varra Road in Broomfield, is The Connor Group’s second acquisition in the Denver market. “It’s a phenomenal asset – one of a kind,” said Shane Ozment of Newmark Knight Frank…

Jill Jamieson-Nichols

November 17, 2018