Six-tenant retail center snagged by Denver investor for $2 million

Broomfield County Address: 555 U.S. Highway 287, Broomfield, “Park Plaza Commons” Improvements: 12,407-sf, single-story, six-tenant retail building, YOC 1967 Date of Recording: 12/1 Reception No.: 2017014798 Price: $2M, or $161.20 psf Grantor: J&Y Capital Inc., Bokin IM, pres. Grantee: Park Plaza Associates LLC, Eric R. Miller, mgr. Financing: $1.54M payable to Academy Bank, N.A., Kansas…

John Winslow

December 28, 2017

Golden office building sells for $3.4M to local investor

Jefferson County Address: 607 19th Street, Golden Land Size: 20,860 sf Improvements: 12,031-sf, two-story office building, YOC 1985 (renovated in 2017) Date of Recording: 11/29 Reception No.: 2017121963 Price: $3.3M, or $274.29 psf Grantor: Golden Investment Property LLC (70%), John Bardeen, mgr., & Endurance 607 19th Street LLC (30%), Otto Petty, mbr. Grantee: DS Real…

John Winslow

December 27, 2017

Firm acquires 74,209-sf industrial building in Inverness Business Park for $105 psf

Arapahoe County Address: 24 Inverness Place East, Englewood Land Size: 7.242 acres Improvements: 74,209-sf industrial/flex building, YOC 1980, masonry construction, two exterior loading docks & two drive-in doors Date of Recording: 12/18/17 Reception No: D7142133 Price: $7.79M, or $105 psf Grantor: 24 Inverness/1777 LLC, et. al, Stuart C. Ogilvie, mgr. Grantee: Bonakemi USA Inc., Richard…

John Winslow

December 26, 2017
Arbors at Sweetgrass

OpenPath Investments purchases Arbors at Sweetgrass

There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…

Jill Jamieson-Nichols

December 24, 2017
Turnpike Business Park

California buyer looking to enter market lands 188,077 sf

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Jill Jamieson-Nichols

December 24, 2017
MetroNorth

Centum Health buys MetroNorth Office Building for $13.4M

A Colorado company focused on health care real estate purchased an office building in Northglenn. Centum Health Properties paid $13.4 million for the MetroNorth Office Building at 11990 N. Grant St., just north of SCL Health Community Hospital Northglenn. The five-story building is just off Interstate 25 on the 120th Avenue corridor. Currently, the 86,044-square…

Jill Jamieson-Nichols

December 23, 2017
SpringHill Suites

Bedford brings 127-key SpringHill Suites hotel to Colorado Mills

A SpringHill Suites hotel is on its way to the Colorado Mills shopping area. Dallas-based Bedford Lodging will deliver the 127-room hotel in January 2019, catering to business travelers during the week and leisure travelers in the summer and on weekends. The SpringHill Suites Lakewood Golden – Colorado Mills will occupy a 2-acre site at…

Jill Jamieson-Nichols

December 22, 2017

Railhouse Denver acquires 31,250 square feet

Denver County Address: Southwest corner of Inca St. & W. 40th Ave., Denver Land Size: 31,250 sf Improvements: Land value, misc. improvements, 29 units proposed Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $3.45M, or $110.40 psf Grantor: 3931 Inca LLC & 3995 Inca St. LLC, Dennis McLin, mgr., 720-480-9347 Grantee: Railhouse Denver…

John Winslow

December 22, 2017
1401 Lawrence

Heitman affiliate buys 1401 Lawrence

An affiliate of Chicago-based Heitman LLC has acquired 1401 Lawrence, a premier downtown Denver office tower. The newly constructed 309,988-square-foot Class AA office tower is located adjacent to Larimer Square and the Four Seasons hotel, at the convergence of Denver’s lower downtown and central business district. Mike Winn, Tim Richey, Chad Flynn and Jenny Knowlton…

CREJ

December 21, 2017

Forest City lands two homebuilders with $1.23M in sales

Denver County Address: 1) Northwest corner Beeler Street & E. 58th Ave., Denver; 2) North of E. 57th Place, and Boston Street Land Size: 8 lots totaling 19,530 sf; 2) 8 lots totaling 22,863 sf Improvements: Vacant lots Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $776,900/$39.78 psf/$97,113/lot; $456,000/ $19.95 psf/$57,000/lot Grantor: FC…

John Winslow

December 21, 2017