Latin American investors buy East Boulder building for $2.9M

5660 Valmont

A large group of primarily Latin American investors purchased a 14,514-square-foot office/flex building in East Boulder. The property at 5660 Valmont Road sold for $2.9 million, or $199.80 per sf. The buyer was 4015 Lincoln LLC, doing business as 5660 Valmont LLC. The building is fully leased to the Denver Post, Work in Progress and…

Jill Jamieson-Nichols

March 11, 2019

Schnitzer West buys two properties in southeast Denver

Peakview Place

Schnitzer West has acquired a site across the street from Fiddler’s Green Amphitheatre entitled for more than 1 million square feet of development. Peakview Place, a 10.9-acre parcel at 6363 Greenwood Plaza Blvd. in Centennial, was one of two properties purchased. The price wasn’t released, but it was recorded at $20.25 million, or $42.57 per…

Jill Jamieson-Nichols

March 6, 2019

Emerald Workshops creates flexible, affordable workspaces

Emerald Workshops

After seeing its light-industrial holdings in North Boulder morph into a community of artists, craftsmen and “anything under the sun,” Boulder-based Emerald Management is bringing a new kind of product to the north Interstate 25 corridor. Emerald Workshops, located on the west side of I-25 at Highway 52 in the fast-growing town of Frederick, will…

Jill Jamieson-Nichols

March 5, 2019

Cole Center at Denver West trades for $18.9M

Cole Center

Gemini Rosemont sold Cole Center at Denver West Business Park for $18.9 million, or $113.03 per square foot. The 167,205-sf Cole Center consists of three connected office buildings at 1687-1707 Cole Blvd., just off Interstate 70 and Denver West Colorado Mills Parkway in Lakewood. It was built in 1981 and renovated in 2012. New West…

Jill Jamieson-Nichols

March 3, 2019

Harbor Associates adds Plaza 25 to growing portfolio

Plaza 25

A value-add investor that’s been active in the Denver market for the last 18 months added Plaza 25 at Village Center to its portfolio. Long Beach, California-based Harbor Associates paid $17.93 million, or $91.08 per square foot, for the 196,803-sf property at 8100, 8200 and 8300 E. Maplewood Ave. in Greenwood Village. Plaza 25 sits…

Jill Jamieson-Nichols

March 2, 2019

Opus kicks off first of two spec buildings on north I-25 corridor

North Washington Commerce Center

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…

Jill Jamieson-Nichols

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