Firm acquires 390-unit Denver apartment for $128.7 million
Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463…
John Winslow
April 11, 2018
Interest in second-tallest building in Denver snagged for $285.6 million
Denver County Property Location: 1801 California St., Denver Property Description: 1.37 million-sf, 54-story office building with 12-level parking garage, 28 passenger elevators, two freight elevator cars and fitness center on second floor, built in 1983 Land Size: 61,191 sf Sales Price: $285.6M, or $208.14 per sf Reception No.: 2018038167 Closing Date:3/30 Grantor: BOP 1801 California Street LLC, Brookfield…
John Winslow
April 10, 2018
Flex space at 14 Inverness Drive East sells for $20.2 million
Arapahoe County Property Location: 14 Inverness Drive East, Englewood Property Description: 105,938-sf flex/industrial, YOC 1974 & 111,125-sf flex/industrial, YOC 1978, concrete construction (total 217,063 sf) Land Size: 14.32 acres Sales Price: $20.2M, or $93.06 per sf Reception No.: D8025643 Closing Date: 3/7 Grantor: 14 Inverness Property LLC c/o Global Pacific Inc., Michael S. Law Grantee: BKM Inverness…
John Winslow
April 9, 2018
High-end mountain bike company rides into Golden
Commencal, a high-end mountain bike manufacturer that originated in Andorra, will move its U.S. headquarters from California to Golden. Cresa represented the company in leasing 8,550 square feet of space, including a 3,500-sf showroom, at 150 Capital Drive, Suites 160-180. “The active lifestyle Colorado is known for, paired with convenient trail access, makes Golden the…
Kris Oppermann Stern
April 8, 2018
Hyde Development, Mortenson break ground on 76 Commerce Center
Officials from Brighton Economic Development Corp., the mayor’s office and Adams County joined Hyde Development and Mortenson to break ground on the first phase of 76 Commerce Center, a 1.8 million-square-foot Class A industrial park in Brighton. The 76 Commerce Center development will bring first-class modern industrial space to Adams County and the Interstate 76…
CREJ
April 6, 2018
Retail building in Aurora sells to user for $2.2 million
Arapahoe County Property Location: 911 S. Havana St., Aurora Property Description: 12,240-sf multitenant retail building, YOC 2002, block Land Size: 38,415 sf Sales Price: $2.2M, or $179.74 psf Closing Date: 3/22 Reception No.: D8027921 Grantor: Anderson Development Holdings LLC, Moshe Fyzahov, mgr. Grantee: Hans Management LLC, Esther Han, mgr., 720-300-1852 Financing : $1.87M SBA loan payable to…
John Winslow
April 6, 2018
Hub tops out in River North
Beacon Capital Partners, a leading office investor and manager, and Elevation Development Group announced the completion of vertical construction at The Hub, a 275,000 square-foot, mixed-use development in the heart of Denver’s River North Art District. The Gensler-designed property includes 250,000 square feet of office space plus 25,000 sf of retail space. HomeAdvisor, a leading…
CREJ
April 5, 2018
One Lincoln Station sells for $43.75 million
Douglas County Property Location: 9380 Station St., Lone Tree, “One Lincoln Station” Property Description:154,229-sf, six-story office building, YOC 2008, Leed certified, fitness center, conference room Sales Price: $43.75M, or $283.67 psf Closing Date: 3/12 Reception No.: 2018014919 Grantor: Lincoln Station Phase One LLC Grantee: OLS Preston LLC, et al., c/o Spectrum Properties, 214-379-8600 Comments: Leasing brochure from…
John Winslow
April 5, 2018
Clarion Partners acquires 14-building, 1.9 million-sf industrial portfolio
Adams County Property Location: Gateway Portfolio, 18250 E. 40th Ave., Aurora, et al. Property Description: 14 industrial buildings ranging from 72,000 sf to 347,840 sf, constructed in 1996, 1997, 1998, 2004 and 2015, 1.93M total square feet Land Size: 113.452 acres in 14 parcels Sales Price: $206.15M, or $106.55 psf Closing Date: 3/8 Grantor: Gateway Industrial…
John Winslow
April 4, 2018
Brookfield sells 51 percent interest in 1801 California for $285.6 million
Brookfield Properties sold 51 percent interest in downtown Denver’s second-biggest office tower for $285.6 million. PNC Realty Investors Inc., on behalf of the AFL-CIO Building Investment Trust, was the buyer. Brookfield retained 49 percent interest in the asset. The 1.3 million-square-foot building is valued at approximately $560 million. The acquisition price for the office space…
Kris Oppermann Stern
April 3, 2018
