Focus to expand co-working group into suburbs with $10 million buy
Focus Property Group paid $10 million for a Greenwood Village office building, giving affiliate Enterprise Coworking a reach into the southeast suburban submarket. Focus purchased the 70,000-square-foot office building at 5500 Greenwood Plaza Blvd. from McKinley Freeway Center II LLC. The deal was driven by the opportunity to expand Enterprise Coworking, but the tenant mix,…
Kris Oppermann Stern
May 27, 2018
Changes in store for hotels under new ownerships
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Kris Oppermann Stern
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
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…
Kris Oppermann Stern
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 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…
Kris Oppermann Stern
May 18, 2018
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…
Kris Oppermann Stern
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
