Changes in store for hotels under new ownerships

Denver’s Best Inn & Suites sold for $11 million in one of a handful of recent hotel sales in the metro area. Denver Hotels LLC purchased the 190-room hotel from Jeff Young Hospitality Inc., according to Denver records. Located at 4590 Quebec St., the five-story limited-service hotel has Interstate 70 visibility with amenities that include…

Jill Jamieson-Nichols

May 26, 2018

Inverness retail condo sells to California investor for $12.19 million

Arapahoe County Property Location: 10111 Inverness Drive West, Englewood Property Description: 42,750-sf retail condominium space, YOC 2007 Land Size: 3.91 acres Sales Price: $12.19M, or $285.14 psf Reception No.: D8042555 Closing Date: 4/26 Grantor: VS Vallagio Holdings LLC, Larry E. Jennings Jr. mgr., 248-646-9200 Grantee: Prominence Enterprises LLC, Dr. May Tong, mgr., 714-556-8664 Financing: $7.97M payable to Public Service…

John Winslow

May 25, 2018

Turn-of-the-century apartment building sells for $8.2 million

Denver County Property Location: 1010 E. 13thAve., Denver,“Le Cirque Apartments” Property Description: 45-unit, three-story apartment w/22,892 sf, YOC 1904 Land Size: 17,062 sf Sales Price: $8.2M, or $182,222 per door, or $358.20 psf Reception No.: 2018050658 Closing Date: 5/1 Grantor: Saratoga Le Cirque LLC, Yoshiko Heimsoth, mgr. Grantee: JM Logan LLC, Jason McCool, mbr., 303-300-6786 Financing: $5.74M payable to…

John Winslow

May 23, 2018

421,500-sf Hub 25 at I-25 & 64th Avenue sells for $74 million

Adams County Property Location: 601 E. 64thAve., Denver, “Hub 25 Industrial” Property Description: 421,499-sf industrial buildings, YOC 2016-2017 Land Size: 24.753 acres Sales Price: $74M, or $175.56 psf Reception No.: 37912 2018 Closing Date: 5/10 Grantor: Mapleton Industrial Investors, Randy M. Schwartz, mgr., 303-298-1111 Grantee: HUB Acquisition LLC, c/o JP Morgan Investment Management Inc. Financing: Cash Comments: Four…

John Winslow

May 23, 2018
Hub 25

Westfield sells newly developed Hub 25 for $74 million

Westfield Co. has sold its newly developed Hub 25 industrial campus for $74 million, or $175.56 per square foot. Westfield completed the 421,499-sf infill development at 601 E. 64thAve. in Denver last year. The four-building campus is 95 percent occupied by eight tenants, including BSI Designs, Mountain High Appliance, Rustic Log Furniture Inc., Rep Fitness…

Jill Jamieson-Nichols

May 23, 2018

Denver developer acquires site at 501 S. Federal for $1.58M

Denver County Property Location: 501 S. Federal Blvd., Denver Property Description: 4,854-sf, 8-bay car wash, YOC 1980, masonry Land Size: 25,718 sf Sales Price: $1.58M, or $61.24 psf Reception No.: 2018052568 Closing Date: 5/3 Grantor: John Nguyen LLC, 303-359-7658 Grantee: LS Partners LLC, Darwin Horan, mgr., 303-246-4574 Financing: $562,500 payable to Redstone Bank Comments: Listed by owner/agent, 303-359-7658. Property…

John Winslow

May 21, 2018
Cornerstar Healthcare Plaza

Cornerstar Healthcare Plaza trades for $10.19 million

A Class A medical office building anchored by Centura Health sold for $10.19 million, or $376.06 per square foot, according to public records. CHP Aurora MOB LLC, advised by Anchor Health Properties and Chestnut Real Estate, purchased Cornerstar Health Plaza from Cornerstar Healthcare Plaza LLC. The 27,113-sf building is located at 15901 E. Briarwood Circle…

Jill Jamieson-Nichols

May 18, 2018
Colo. Trade Center

Millwork company crafts lease for space at Colo. Trade Center

A custom millwork company leased 65,126 square feet of industrial space at the Colorado Trade Center near Interstates 25 and 70 in Denver. Freelance Enterprises, which manufactures commercial millwork, will expand out of its current location at 1851 W. 52ndAve. to the new space at 5151 Bannock St. this summer. “Colorado Trade Center delivered on…

Jill Jamieson-Nichols

May 18, 2018

Confluent Development Group to build six-story Westin in Greenwood Village

Arapahoe County Property Location: SEC Interstate 25 & East Caley Ave., Greenwood Village Property Description: Vacant land, 203-room Westin Hotel proposed Land Size: 1.77 acres* Sales Price: $1.6M, or $20.77 psf Reception No.: D8041902 Closing Date: 4/30 Grantor: Greenwood Village Hotel LLC Grantee: G-C GWV Land LLC, c/o Confluent Development, Randy Coakley, VP-real estate, 303-573-6500 Financing: Cash Comments: Total…

John Winslow

May 18, 2018

Children’s Hospital acquires 15,476-sf medical condo in Aurora for $4.5 million

Adams County Property Location: 13123 E. 16thAve., Unit 2A, Aurora Property Description: 15,476-sf first-floor commercial condo unit, YOC 2017 Sales Price: $4.5M, or $290.77 psf Reception No.: 36041 2018 Closing Date:5/01 Grantor: The Kempe Foundation, John D. Faught, CEO Grantee: Children’s Hospital Colorado. Jeff Harrington, SVP, CFO Comments: The three-story building contains 112,036 sf and has been divided…

John Winslow

May 16, 2018