Next-door neighbor in Commerce City acquires 12,672-sf warehouse
Adams County Property Location: 4960 Locust St., Commerce City Property Description: 12,672-sf warehouse, YOC 1962, twin-tee concrete Land Size: 1.43 acres Sales Price: $2.4M, or $189.39 psf Reception No.: 77063 Closing Date: 9/21 Grantor: 4960 Locust CO LLC (Mariann Gullo-Krewenka, et al.) Grantee: 4936 Locust LLC (Eric Stern, mgr.) Financing: $1.92M payable to First Citizens Bank &…
John Winslow
October 12, 2018
Denver business owner expands to adjoining property
Denver County Property Location: 920-930-932 Inca St., Denver Property Description: 1,882-sf industrial building, YOC 1925, masonry (in back) & 3,120-sf office building (in front), YOC 1960, masonry (total 5,002 sf) Land Size: 10,981 sf Sales Price: $1.34M, or $266.89 psf Reception No.: 2018114152 Closing Date: 9/7 Grantor: Inca Street LLC (James R. Martin, mgr.) Grantee: Edgewater Holdings…
John Winslow
October 11, 2018Marcus & Millichap: Denver industrial market outperforms in pricing growth
Growing demand from major distributors, manufacturing firms and e-commerce giants has fueled a substantial expansion of Denver's industrial sector, according to Marcus & Millichap's midyear Industrial Research report.[vc_column width="1/3"][vc_column width="1/3"]
CREJ
October 10, 2018
Small office building commands large price in ‘hot’ Castle Rock market
Douglas County Property Location: 509 N. Wilcox St., Castle Rock Property Description: 7,480-sf, two-story office building, YOC 1968, masonry Land Size: 12,600 sf Sales Price: $1.69M, or $226.47 psf Reception No.: 2018053971 Closing Date: 8/31 Grantor: Guaranty Bank & Trust Company, Amy Lovell, EVP Grantee: 509 Wilcox LLC (Daniel Price, mgr.), 281-891-3682 Financing: $1.36M payable to MidFirst…
John Winslow
October 10, 2018
Joint venture buys Sheraton Denver Downtown Hotel
Denver HS-EF Court Place, LLC, a joint venture between Atlanta-based High Street Real Estate Partners and Eagle Four Partners of Newport Beach, California, has acquired the Sheraton Denver Downtown Hotel, the largest hotel in Colorado. Located on the 16th Street Mall, in the heart of Denver’s financial and business district, Sheraton Denver Downtown consists of 1,231…
CREJ
October 9, 2018
Kansas City firm launches Top Golf Entertainment Center in Thornton
Adams County Property Location: Near southeast corner of Interstate 25 & East 168th Avenue Property Description: Vacant retail site, plans for Top Golf Entertainment Center Land Size: 12.6686 acres Sales Price: $5.16M, or $9.36 psf Reception No.: 74031 2018 Closing Date: 9/11 Grantor: Thornton 164 LLC (Jordon Perlmutter Co., Jay Perlmutter, pres.) Grantee: EPR Thornton Holdings LLC (Michael…
John Winslow
October 9, 2018
State’s biggest single-story industrial building sells for $40.75M
An opportunistic investor paid $40.75 million for the Sears distribution facility in Brighton, the largest single-story industrial building in Colorado. The 1.31 million-square-foot building sits on 104 acres at 18875 E. Bromley Lane. Newport Beach, California-based Starboard Realty Partners LLC paid approximately $31.35 per sf for the asset. Sears has a leasehold interest on the…
Kris Oppermann Stern
October 8, 2018
Promenade retail building snagged for $6.45 million
Douglas County Property Location: 6360 Promenade Road, Castle Rock Property Description: 11,195-sf, five-tenant retail center, YOC 2017, masonry construction Land Size: 1.22 acres Sales Price: $6.45M, or $576.15 psf Reception No.: 2018053727 Closing Date: 8/30 Grantor: Adam’s Needle (Promenade Castle Rock, Alberta Development, Don Provost) Grantee: 6360 Promenade LLC (Michael W. Evans, mgr.), Castle Rock Financing: Cash…
John Winslow
October 8, 2018UNC student housing outperforms in rent growth study
University of Northern Colorado student housing saw some of the highest rent growth in the country over the last year, according to a survey of 120 universities by Axiometrix, a RealPage company. While rent growth among privately owned student housing projects compressed overall, UNC saw a 6.4 percent increase in rent growth in 2018, ranking…
Kris Oppermann Stern
October 7, 2018
Industrial park lands for freight forwarders, small users
A company that’s developed industrial product next to some of the nation’s busiest airports has landed in Denver. Greenwich, Connecticut based J.A. Green Development Corp. will kick off the first, approximately 1 million square-foot phase of JAG Logistics Center at DIA in the first quarter. Located on 75 acres in the Porteos development, it will…
Kris Oppermann Stern
October 6, 2018
