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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
Partners Group

Partners Group HQ lands in Interlocken

Partners Group is on a roll. The global private market management firm, based in Baar, Switzerland, has more than $66 billion in assets under management. Its latest financial report shows the Partners Group, with investments in private equity, real estate, infrastructure and debt, booked a 24.75 percent year-over-year increase in revenues and a 41.6 percent…

Kris Oppermann Stern

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

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
Zuni

Zuni site Main and Main in LoHi

Zuni Street is the north-south artery running through the heart of LoHi. Next week, investors will have the opportunity to bid on a rare find along Zuni Street – just shy of an acre at Zuni and West 31st Avenue, a block south of the main east-west corridor through Lower Highland, one of Denver’s hottest…

Kris Oppermann Stern

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
Green roofs

Green roofs supported by Zeppelin

Green roofs were on developer Kyle Zeppelin’s radar screen long before the initiative to require them on some buildings in Denver surfaced. The green roof initiative was adopted by Denver voters last month by an 8.6 percent margin. It was widely opposed by Denver’s development community, with Zeppelin being the most high-profile exception. “Denver developers…

Kris Oppermann Stern

December 11, 2017
Tryba

Tryba addresses Sherman Street

Tryba time. I recently wrote about a proposed rezoning of at least three parking lots along a swath of Sherman Street at the edge of the central business district proposed by well-known architect David Tryba on behalf of Denver’s Dikeou family. Wednesday night, Tryba, one of Denver's most high-profile architects in Denver, unveiled what he…

Kris Oppermann Stern

December 6, 2017