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400 Centennial Parkway

Louisville office building sells to Boulder investor for $9M

Boulder real estate investor Stephen Tebo of Tebo Development Co. acquired a 41,478-square-foot office building in Louisville for $9 million. The Class A building is located at 400 Centennial Parkway. Uber occupies most of the space. CoBiz Bank also is a tenant. Occupancy was 90 percent at the time of the sale. A locally owned…

Kris Oppermann Stern

January 21, 2018
555 Alter

Small-tenant industrial/flex building trades at $4.75 million

A small-tenant industrial/flex building in Broomfield sold to a Boulder investor for $4.75 million. One Earth Future Foundation Inc. sold the 66,740-square-foot building at 555 Alter St. to 3200 LLC. The building was approximately 96 percent leased to tenants that average around 4,000 sf, according to Matt Emmons of NAI Shames Makovsky, who represented the…

Kris Oppermann Stern

January 14, 2018
CBRE tech

CBRE report: Tech growth equates to office rent growth

In a new report on primary U.S. technology markets, CBRE Research found that office rents increased in every submarket over the past two years, demonstrating stiff competition for space in the areas most in demand by tech companies  According to CBRE, 13 of the top 30 tech markets achieved double-digit office rent growth from Q2…

CREJ

January 12, 2018

Partners Group breaks ground on Broomfield campus

Partners Group, a global private markets investment manager, has broken ground at the site of its future North American headquarters in Broomfield. The campus will comprise three buildings of 92,290 square feet plus 55,849 sf of parking. "The state-of-the-art headquarters we are building here will be an important milestone for Partners Group, enhancing our ability to…

CREJ

December 7, 2017
MainStreet at Flatiron

MainStreet at FlatIron buildings change hands at $54.19 per sf

A Boulder investment group that paid $54.19 per square foot for MainStreet at FlatIron in Broomfield says the center’s vacant space already is drawing good activity. The group led by Scott Pudalov paid $5.08 million, or $54.19 per square foot, for the 93,657-sf office/retail center at 520 and 549 Zang St., across from FlatIron Crossing…

Kris Oppermann Stern

December 4, 2017
Uptown Broadway

Cardinal comes home with $35M apartment purchase in Boulder

A Denver company with thousands of apartment units across the country paid $35 million, or $301,724 per unit, for its first Boulder asset. Cardinal Group Investments purchased Uptown Broadway from an affiliate of Los Angeles-based CityView. The transaction included 116 units in 10 buildings at 4590 13th St. Uptown Broadway also has 32 affordable-housing units…

Kris Oppermann Stern

December 3, 2017
800 Hoyt St.

Class A, 32-foot-clear industrial product to be delivered to corridor

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

November 26, 2017

Pearl Street properties sell for $4.6 million

Boulder-based Element Properties made two long-term strategic acquisitions on Pearl Street for $4.6 million. The company paid $3 million for 2116 Pearl St., a 4,634-square foot building on 19,600 sf of land, and $1.6 million for 2126 Pearl, which comprises 3,972 sf on a 10,000-sf site. Espressoria and Alchemy Face Bar occupy the building at…

Kris Oppermann Stern

November 19, 2017

Fund invests $23.46 million in Boulder assets

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

November 12, 2017
6309 Monarch Park Place

Investor pays $4.3 million for Niwot building as tenant vacates

A Monarch Park office building that a tenant outgrew sold to a local investor who is offering it for lease. Monarch Offices LLC recently paid $4.3 million, or $109.37 per square foot, for the 39,317-sf building at 6309 Monarch Park Place in Niwot. MUM II LLC sold the building, which Wilen Direct is vacating, in…

Kris Oppermann Stern

November 5, 2017