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Granite Place at Village Center

Granite Place at Village Center sells for record $423.78 per sf, records show

Granite Place at Village Center, a new, fully leased Class AA office building in the southeast suburban submarket, has a new owner. Holliday Fenoglio Fowler LP arranged $70.68 million in financing on behalf of Crestone Partners LLC for the purchase of the 299,568-square-foot building, which was completed this year. The building is leased to Charter…

Kris Oppermann Stern

December 18, 2017

600-unit Aurora apartment complex fetches $96 million

Arapahoe County Address: 11850 E. Maple Ave., Aurora, “Aurora Hills Apartments” Land Size: 47 acres Improvements: 600-unit, two- to three-story apartment complex, 550,264 sf, YOC 1970, 1974 Date of Recording: 12/12 Reception No.: 2017161763 Price: $96M, or $160,000 per door, or $174.46 psf Grantor: 11850 East Maple GP LLC, James Kane, mgr. Grantee: Maple Owner…

John Winslow

December 18, 2017
21200 E. 36th

Stihl takes down 122,511 sf with $10.65 million acquisition

The country’s biggest chainsaw manufacturer took down 122,511 square feet in Majestic Commercenter in a $10.65 million acquisition. Stihl Inc. bought the distribution building at 21200 E. 36th Drive in Aurora from Opus Development Company LLC. The price per sf was $86.93. A major manufacturer and distributor of outdoor power equipment, Stihl currently leases approximately…

Kris Oppermann Stern

December 17, 2017
Platte Fifteen & Riverpoint campus

Platte Fifteen a distinctive first in Denver

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

December 17, 2017

Englewood apartments sell to Jackson Square for $52 million

Arapahoe County Address or Location: 10001 E. Dry Creek Road, Englewood, “The Rail @ Inverness” Land Size: 7.629 acres Improvements: 219-unit, five-story apartment, YOC 2007, 179,537 sf “rentable area,”,brick & frame construction Density: 28.7 units per acre Date of Recording: 12/5 Reception No.: D7138224 Price: $52M, or $237,443 per door, or $289.63 psf Grantor: Holland…

John Winslow

December 14, 2017

Longtime Denver firm snags Cherry Creek building for $586.39 per square foot

Denver County Address: 231 Detroit St., Denver Improvements: 8,868-sf retail building, YOC 1985 Land Size: 6,250 sf Date of Recording: 11/20 Reception No.: 2017152985 Price: $5.2M, or $586.39 psf Grantor: Diamond Property Group LLC, Michel A. Miro, mgr., Miro Jewelers Grantee: Detroit Street Holdings c/o Buell & Company, John Maragon, mgr., 303-320-6929 Comments: Property was…

John Winslow

December 13, 2017

Denver flex industrial building sells for $143.69 per square foot

Denver County Address: 1332 S. Cherokee St., Denver Improvements: 3,960-sf flex building, YOC 1962, twin-tee construction Land Size: 9,835 sf Date of Recording: 11/17 Reception No.: 2017152985 Price: $569,000, or $143.69 psf Grantor: Westbrook III LLC, James Feldstein, mgr. Grantee: Cherokee Commercial LLC, James M. Ticconi, mgr., 303-269-1575 Comments: Listed by Marc S. Lippitt, Justin…

John Winslow

December 12, 2017

Atlanta investor closes $101 million apartment deal in northeast Denver

Denver County Address: 4699 N. Kittredge St., Denver, “Lakecrest @ Gateway Park Apts.” Improvements: 440-unit apartment, 426,510 sf, YOC 2001 Land Size: 15.22 acres Density: 28.91 units per acre Date of Recording: 11/21 Reception No.: 2017152985 Price: $101M, or $229,545 per door, or $218.49 psf Grantor: Kittredge Street Apartments LLC c/o The Bascom Group LLC,…

John Winslow

December 11, 2017

Centennial office building sells to Centura Health for $13.05 million

Arapahoe County Property Location: 6901 S. Havana St., Centennial Property Description: 136,954-sf, three-story office building, concrete & glass construction, YOC 1989, renovated in 2015-2016 Land Size: 17.461 acres plus 1.43 acres of open space Sales Price: $13.05M, or $95.29 per sf Closing Date: 10/17 Reception No.: D7120031 Grantor: 6901-Centennial Owner LLC by: Encore Enterprise Inc.,…

John Winslow

December 8, 2017

Partners Group breaks ground on Broomfield campus

Partners Group, a global private markets investment manager, has broken ground at the site of its future North American headquarters in Broomfield. The campus will comprise three buildings of 92,290 square feet plus 55,849 sf of parking. "The state-of-the-art headquarters we are building here will be an important milestone for Partners Group, enhancing our ability to…

CREJ

December 7, 2017