BMC Investments developing Hyatt House at Fitzsimons

A 140-key Hyatt House hotel will provide a new lodging option in the Fitzsimons area. BMC Investments is developing the hotel at the southeast corner of East Colfax Avenue and Peoria Street in Aurora. It has owned the site, known as the Gateway at Fitzsimons, since 2013. “Fitzsimons is one of the fastest-growing hospital campuses…

Jill Jamieson-Nichols

September 20, 2019

Denver signs long-term lease for central I-70 property

A year to the day after acquiring a large, vacant industrial building on the central Interstate 70 corridor, Denver-based Streech Properties Inc. leased the property to the city and county of Denver. “When we bought this property, it was a play on all the changes in the neighborhood, between Central 70 and the National Western,”…

Jill Jamieson-Nichols

September 20, 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-Nichols

September 19, 2019

Denver Corporate Center II & III fetch $71.71 million price

Florida-based TerraCap Management LLC entered the Denver market with the $71.71 million purchase of Denver Corporate Center II and III. “We feel there are some great opportunities in Denver, particularly with these assets,” said Steve Good, TerraCap partner and director of acquisitions. “We like both the short- and long-term growth aspects of the market and…

Jill Jamieson-Nichols

September 15, 2019

Brick-and-timber building in LoDo neighborhood sells for $6.43M

A three-story office/retail building in Lower Downtown Denver fetched $418 per square foot in a sale to California buyers. JHB Properties LLC and WSJ Associates LLC bought 1925 Blake St. for $6.43 million. Webb Properties LLC was the seller. The 15,375-sf, brick-and-timber building is a half-block from Coors Field. Built as a warehouse in 1890,…

Jill Jamieson-Nichols

September 15, 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-Nichols

September 15, 2019

Granite Properties buys Regency Plaza for $71.25 million

Granite Properties has acquired Regency Plaza, a 319,000 square-foot, Class A, LEED Gold certified office building in the Denver Tech Center. Granite will reposition the building through significant planned improvements to enhance the customer experience. Tim Richey, Mike Winn, Jenny Knowlton, Charley Will and Chad Flynn of CBRE represented the seller, Barings, one of the world’s largest diversified real estate investment managers, on behalf of institutional investors. Stephanie Lawrence, senior managing director, Paul Bennett, senior director of investments, and Patrick Miller, investment associate, of Granite Properties represented Granite. Bob Whittelsey and Abby Patillo of Colliers International will lead the leasing of Regency Plaza. “Regency Plaza is a trophy asset with an incredible presence in the Denver Tech Center,” said Lawrence. “We look forward to repositioning Regency Plaza through a significant improvement plan designed to meet the needs of today’s workforce,” she added.

Jill Jamieson-Nichols

September 12, 2019

DPC to jazz up retail corner at latest Cherry Creek building

DPC Cos. already is at work on its latest acquisition in Cherry Creek – the 122,788-square foot office building at 400 S. Colorado Blvd. in Glendale. “Literally the day we closed we went in and started demoing the tired, obsolete spaces,” said DPC President Chris King, whose company has repositioned three other Cherry Creek assets.…

Jill Jamieson-Nichols

September 7, 2019

Walmart, Sigma leases lead to next building at 76 center

The first speculative industrial building at 76 Commerce Center in Brighton is 88% leased, prompting construction of a second spec building for delivery in late April. Walmart recently signed a lease for 91,997 square feet in Building 5, a 266,240-sf bulk warehouse building that was delivered in December. In addition, Sigma Corp., a wholesaler of…

Jill Jamieson-Nichols

September 6, 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-Nichols

September 6, 2019