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Broadway Station inks deal for up to 1 million-sf corporate campus

A developer of corporate build-to-suit office campuses is positioned to create up to 1 million square feet of Class A office space on approximately 9 acres at Broadway Station. KDC, which has developed campus projects for companies including JPMorgan Chase, State Farm and Toyota, formed a joint venture with Broadway Station wPartners to develop four…

Kris Oppermann Stern

October 11, 2019

Murphy Co. acquires Northern Business Center in Thornton

Murphy Co., one of the nation’s largest mechanical contracting firms, has acquired Northern Business Center, a 128,998-square-foot office/manufacturing building at 12789 Emerson St. in Thornton. The company plans to transform the manufacturing area into 90,000 sf of fabrications space and relocate the majority of its Colorado-based employees into 40,000 sf of office space by January…

Kris Oppermann Stern

October 11, 2019

Cushman & Wakefield: ‘Denver is just freaking hip’

Is Denver cool or what? According to Cushman & Wakefield’s Cool Streets 2019 Report, Denver – and not just River North and Lower Downtown – is an “18-hour Cool Street City.” “Cool Streets” are urban neighborhoods with live-work-play environments rich in creative class workers, with great demographics - and where retail generally is thriving. Since Cushman & Wakefield published its first report in 2016, “Cool Streets” have continued to emerge in 24-hour cites like Boston, Chicago and San Francisco. “But now we are seeing the trend accelerate in places such as Boise, Charlotte, Denver, Nashville, Portland, Salt Lake City, Tampa and other metros global investors used to overlook,” the report said. “Affordable housing and employment are driving that acceleration.”

Kris Oppermann Stern

October 10, 2019

Highfield nears build-out with 500,000 sf of construction

Bradbury Properties and Confluent Development are looking to harvest healthy user demand with 500,000 square feet of new industrial development in three buildings at Highfield Business Park. The new buildings will nearly complete the business park, located near the intersection of E-470 and South Peoria Street in Douglas County. Tom Bradbury “I felt like the…

Kris Oppermann Stern

October 6, 2019

Could corporate campus land on ConocoPhillips site?

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

October 4, 2019

Intersand chooses Great Western park

A global company that produces cat litter has acquired a site at Great Western Industrial Park in Windsor for construction of a 46,000-square-foot packaging and distribution facility. The approximately $18 million facility will be the first U.S. location for Montreal-based Intersand America Corp. It is strategically located near bentonite clay mines in Wyoming, allowing raw…

Kris Oppermann Stern

October 4, 2019

New owner arrives at Parker Station

A new owner has arrived at Parker Station, the most prominent office/retail building in Old Town Parker. Mountain Elk Ridge LLC and CAIS Futures LLC, a local partnership of private investors, paid $18.5 million, or $247.97 per square foot, for the three-story office/retail building. The 74,607-sf building is located at 19751 E. Mainstreet, in the…

Kris Oppermann Stern

September 30, 2019

Tebo turns 75 and reflects on Boulder commercial real estate market

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

September 29, 2019

Dalfen buys Denver infill property in first local market deal

Dalfen Industrial bought 77,222 square feet of centrally located industrial space in its first Denver acquisition. The acquisition included two small-bay buildings on 4.32 acres at 700 and 702 W. 48th Ave., immediately northwest of the interchange of Interstates 25 and 70. Dalfen paid $9.67 million, or $125.16 per sf, for the property. Mark Bowen “It’s perfect for the central market,” said Mark Bowen, Dalfen Industrial senior vice president and head of investments. The product appeals to smaller tenants that are the bread and butter of the Denver market and is a true last mile location in a submarket with consistently low vacancy, he said. “The location was key. It’s always stayed well-occupied because of where it is and its last-mile characteristics,” said Bowen. Built in 1984, the property has 11 units in each building and offers both dock-high and drive-in loading. It was 100% occupied at the time the sale. BR Printers, which occupies several units, is the largest tenant.

Kris Oppermann Stern

September 29, 2019

$20 million Sheltair FBO complex lands at Rocky Mtn. airport

Aviation services company Sheltair Aviation has broken ground on a 21-acre, state-of-theart complex at Rocky Mountain Metropolitan Airport in Jefferson County. The fixed-base operator service facility will include a new terminal, hangar and build-to-suit office space opportunities, along with 10 acres of aircraft parking. It marks Sheltair’s first FBO presence west of the Mississippi River. The $20 million facility is slated for completion next year and will employ approximately 20 people.

Kris Oppermann Stern

September 27, 2019