Harbor Associates adds Plaza 25 to growing portfolio
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Kris Oppermann Stern
March 2, 2019
Opus kicks off first of two spec buildings on north I-25 corridor
The Opus Group has started construction of a 151,405-square-foot speculative industrial building on the north Interstate 25 corridor in Thornton. Located at the southeast corner of 128thAvenue and Washington Street, the building is the first of two spec buildings that will comprise North Washington Commerce Center, a multitenant industrial park geared to a wide range…
Kris Oppermann Stern
March 2, 2019
Prime South Broadway & W. Yale corner sells for $97.02 per square foot
Denver County Property Location: 2655-89 S. Broadway Property Description: Auto sales lot with 5,688-sf commercial building, YOC 1895, & 4,117-sf retail building, YOC 1931, masonry construction Land Size: 31,250 SF Sales Price: $3.03M, or $97.02 psf (land value) Reception No.: 2019020140 Closing Date: 2/19 Grantor: JT Broadway (John G. Tumbarello Jr.) Grantee: Flywheel Yale LLC (Benjamin Hrouda,…
John Winslow
February 28, 2019
Plaza 25 at Village Center sells to California group
Arapahoe County Property Location: 8100-8300 E. Maplewood Ave., Plaza 25 at Village Center Station, Greenwood Village Property Description: 196,803-sf, four-story office complex, YOC 1981 Land Size: 8.673 acres Sales Price: $17.93M, or $91.08 psf Reception No.: D9011288 Closing Date: 2/7/19 Grantor: CIO Plaza 25 LP James Farrar, CEO of City Office REIT Inc., Vancouver, British Columbia, Canada…
John Winslow
February 27, 2019
Denver apartments change hands
Denver County Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments” Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units) Land Size: 9,394 sf Sales Price: $3.03M, or $131,522 per door, or $244.15 psf Reception No.: 2019016927 Closing Date: 2/13 Grantor: 2445 Lawrence LLC (Jason Koch & Rawleigh Pyne,…
John Winslow
February 26, 2019
Ohio investor buys Denver site
Denver County Property Location: NW/S Welton, 100’ northeast of 28thSt., Denver Land Size: 22,052 sf Sales Price: $2.35M, or $106.57 psf Reception No.: 2019011381 Closing Date: 1/31/2019 Grantor: Welton Property Investments LLC (Michael Markel, mgr.) Grantee: GFE Welton LLC (Oliver G. Guinness, mgr.), Boulder Financing: $2.5M payable to Community Investors LLC, Shaker Heights, Ohio Comments:Listed by…
John Winslow
February 25, 2019
Bailey Co. pays $10M for Park Meadows Corporate Center I
A Lone Tree office building once leased entirely to the University of Phoenix sold to a Golden investor for $10 million, or $166.27 per square foot. The Bailey Company LLLP purchased Park Meadows Corporate Center I, a 60,144-sf building at 10004 Park Meadows Drive in Lone Tree. LRS Bay Road Investment Group LLC, a California…
Kris Oppermann Stern
February 23, 2019
Property sells for 292 apartment units
Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor: JP Grove LLC, c/o Jordon Perlmutter Co., Jay Perlmutter, mgr.…
John Winslow
February 22, 2019
Greenwood Village developer lands 10-acre site in tech center
Arapahoe County Property Location: 6351 S. Peoria St., Centennial Property Description: Recreation and misc. buildings, YOC 1973-1980 Land Size: 10 acres Sales Price: $1.5M, or $3.44 psf Reception No.: D9010050 Closing Date: 2/1/19 Grantor: Greensprings Baptist Christian Fellowship Trust, Carleton Briggs, mgr. Grantee: 6351 S. Peoria LLC Emily Klimas, 303-771-4004, & Maria Lawson, mgrs. Financing: $1.45M payable…
John Winslow
February 21, 2019
Niwot center sells to exchange buyer for $7.89 million
A retail/office property in Niwot sold to a 1031 exchange buyer for $7.89 million, or $191.65 per square foot. Bridge Commercial Partners Fund III LLC sold Cottonwood Square to a Denver area family partnership, MAC Management Cottonwood LLC. The 41,168-square-foot property at 7960 Niwot Road consists of a shopping center, medical office building and Conoco…
Kris Oppermann Stern
February 20, 2019
