Canadian firm snags key Aurora site near E-470 for $10.5 million
Arapahoe County Property Location: SEC Powhaton Road & East Sixth Avenue-extended east, Aurora Property Description: Vacant land Land Size: 318.18 acres Sales Price: $10.5M, or $33,000 per acre Reception No.: 2017144359 Closing Date: 10/27 Grantor: Bellweather Associates, Steve Cohen, partner Grantee: Melcor/TC Aurora LLC, Ryan Mott, 480-699-4687 Financing: Cash Comments: See APN: 1977-00-0-00-367. There are…
John Winslow
December 7, 2017Thornton site sells for $4 per square foot
Adams County Address: SWC E. 143rd Place & Grant St., Thornton Improvements: Vacant land Land Size: 12.17 acres Date of Recording: 11/7 Reception No.: 98802 2017 Price: $2.12M, or $4 psf Grantor: Thornton Long Term Investments LLC, c/o Evergreen Devco Inc. Grantee: TSG Grant LLC, Michael H. Staenberg, mgr. Financing: $1.59M payable to First National…
John Winslow
December 6, 2017Thornton retail building changes hands
Adams County Address: 9645 Washington St., Thornton Improvements: 11,340-sf retail store, YOC 2008 Land Size: 1.72 acres Date of Recording: 11/13 Reception No.: 101880 2017 Price: $4.25M, or $374.78 psf Grantor: Armstrong Highpointe LLC, c/o Gustine (Douglas J. Kyle, mgr.) Grantee: Oak Group LP, c/o The Heritage Group, Mark E. Hoekstra, 619-239-1788 Financing: cash Comments:…
John Winslow
December 5, 2017New owner to renovate, rebrand Dry Creek office buildings
An opportunistic investor picked up a pair of Englewood office buildings in an $18.2 million value-add deal. Dry Creek Property LLC, owned by a fund managed by Westport Capital Partners LLC, purchased 10700 and 10800 E. Geddes Ave. from Colony Northstar Inc. affiliate Dry Creek II & III Holdings-2 LLC. The buildings total 185,957 square…
Kris Oppermann Stern
December 4, 2017Tritower secures third building leased to a defense contractor
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Kris Oppermann Stern
December 4, 2017User pays $10.65 million for industrial building
Adams County Address: 21200 E. 36th Drive, Aurora Improvements: 122,511-sf industrial facility, YOC 2016, 32’ clear, ESFR sprinklers, 12 dock doors, 2 drive-in doors, 89 parking spaces Land Size: 6.4 acres Date of Recording: 11/13 Reception No.: 101561 2017 Price: $10.65M, or $86.53 psf Grantor: Opus Development Company LLC, Dave Everson, VP Grantee: STIHL Inc.,…
John Winslow
December 4, 2017Western Union takes another 85,547 square feet in Denver
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Kris Oppermann Stern
December 4, 2017Cardinal comes home with $35M apartment purchase in Boulder
A Denver company with thousands of apartment units across the country paid $35 million, or $301,724 per unit, for its first Boulder asset. Cardinal Group Investments purchased Uptown Broadway from an affiliate of Los Angeles-based CityView. The transaction included 116 units in 10 buildings at 4590 13th St. Uptown Broadway also has 32 affordable-housing units…
Kris Oppermann Stern
December 3, 2017Prentice Point trades at $34.98 million
The Prentice Point office building in the Denver Tech Center sold in a $34.98 million value-add deal. An affiliate of Rialto Capital Management, a Miami-based investment and asset management company, bought the 213,152-square-foot building at 5299 DTC Blvd. from a partnership of AllianceBernstein and SteelWave Inc. The building was 77.3 percent occupied, offering upside in…
Kris Oppermann Stern
December 3, 2017Land trades for townhome development
Denver County Address: North side W. 24th Ave., 200’ east of Decatur St. (2739 W. 24th Ave.), Denver Improvements: Vacant land, 16 townhomes planned with floorplans including 1,332 sf, 1,488 sf & 1,680 sf Land Size: 17,850 sf Date of Recording: 11/17 Reception No.: 2017152348 Price: $2.38M Grantor: 24th Ave LLC, Richard Scott Easton, mgr.…
John Winslow
December 1, 2017