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Investment adviser pays $10 million for southeast asset

A Chicago-based real estate investment adviser secured a southeast suburban industrial building in a $10 million transaction. Lincoln Advisory Group, through Columbia Industrial Acquisition Company LLC, purchased the 63,550-square foot property at 8644 S. Peoria St. in Englewood. The seller was Gordon Development LLC, which is affiliated with the building’s anchor tenant, Gordon Plastics LLC.…

Jill Jamieson-Nichols

April 13, 2020

BMC among few looking to add office in Cherry Creek

BMC Investments’ Matt Joblon isn’t taking bets on timing of the company’s newest development in Cherry Creek North, but he does expect it to be one of the last Class A office buildings to be built in the neighborhood for some time. With limited sites remaining, BMC is one of a select few developers looking…

Jill Jamieson-Nichols

April 6, 2020

Industrial building on Santa Fe corridor trades for $7.76 million

A local buyer acquired a large industrial building along the Santa Fe corridor in Denver with an eye on transforming a portion of it into a sports facility for youths from low-income neighborhoods. A group led by Bill Bivens of Gibraltar Property Management purchased the 95,063-square-foot building at 1377-1401 S. Jason St. for $7.76 million.…

Jill Jamieson-Nichols

April 5, 2020

Crossroads office building sells at near-record price per sf

An 11,978-square-foot office building in eastern Loveland sold for $4.05 million, representing a near-record price of $338.37 per sf. SRI Investments/Stucco Rite Inc., a Colorado-based investment company, sold the multitenant, Class A building at 4090 Clydesdale Parkway to First American Exchange Co. Jared Goodman “The beautiful building has attracted quality tenants and is at the…

Jill Jamieson-Nichols

April 2, 2020

Crescent pays $16.25 million for Flatiron Park building

Crescent Real Estate LLC added to its sizable portfolio in Flatiron Park with the $16.25 million acquisition of a two-story office building. Crescent, through GPIF 5777 Flatiron LLC, bought 5777 Central Ave. from BMC Properties LLC, a Chrisman Commercial affiliate. The acquisition brings Crescent’s Flatiron Park portfolio to more than 900,000 square feet in some…

Jill Jamieson-Nichols

March 30, 2020

DPC Cos. buys 4601 DTC from longtime owner LBA Realty

LBA Realty parted with a Class A office building that it had owned for more than 20 years. LBA sold 4601 DTC Blvd. to Denver-based DPC Cos. for $46 million. The 249,449-square-foot building is located in the northern end of the Denver Tech Center, an area in which DCP has been active over the last…

Jill Jamieson-Nichols

March 30, 2020

TerraCap buys Cherry Creek Plaza at $54.5 million

TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot. The 335,059-sf office property is the Florida-based company’s third acquisition in just over six months. TerraCap bought Denver Corporate Center II and III for $71.71 million last August, following up with…

Jill Jamieson-Nichols

March 29, 2020

Denver industrial building trades in $4.14M sale-leaseback

An industrial building off of South Santa Fe Drive in Denver traded for the full asking price of $4.14 million in a sale leaseback. PB Enterprises LLC sold the 31,357-square-foot building at 2401 S. Delaware St. and executed a five-year leaseback with two five-year options. Weathersure Systems Inc., a roofing company, occupies the property. There…

Jill Jamieson-Nichols

March 22, 2020

Data center company buys Highfield building for $13.46M

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Jill Jamieson-Nichols

March 15, 2020

Medical office building in Denver West trades for $5.7M

Denver West’s owners sold a medical office building within the 83-acre office park for $5.7 million, or $150.44 per square foot. Denver West MOB LLC, an affiliate of Texas-based Pinecroft Realty, bought Building 55, a 37,890-sf building at 13772 Denver West Parkway in Lakewood, from a partnership of DPC Cos. and Bridge Investment Group. Chris…

Jill Jamieson-Nichols

March 15, 2020