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930 15th

Downtown building to deliver like-new space

The former CenturyLink building at 930 15th St. will be reimagined as modern office space, creating a rare option for large tenants in downtown Denver. A floor-to-ceiling glass curtain wall system, robotic-lift parking, a rooftop terrace with a state-of-thee-art fitness center, and event and conference space will be added to the 223,000-square-foot building, which Rialto Capital…

Kris Oppermann Stern

February 11, 2019
Granite Tower fitness facility

KBS inks leases at Granite Tower, plans $10.5M renovation

KBS signed 384,716 square feet of leases at Granite Tower in the fourth quarter and is set to begin a $10.5 million renovation of the building this spring. The largest transaction was a 12-year, 295,743-square-foot lease extension with Anadarko Petroleum Corp. The lease was the largest to be signed in Denver in 2018, according to…

Kris Oppermann Stern

February 11, 2019
Ardenne

Eaton Vance buys Lafayette apartments

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

February 11, 2019

Colewood Apartments sells for record high $525.76 per rentable square foot

Denver County Property Location: 3860 Tennyson St., Denver, “Colewood Apartments” Property Description: 49-unit, five-story apartment, 36,804 sf rentable area, YOC 2017, & 21,294 sf structured parking with 50 parking spaces Land Size: 15,863 sf Sales Price: $19.35M, or $394,898 per unit, or $525.76 psf Reception No: 2019010751 Closing Date: 1/29/2019 Grantor: RPDG Tennyson Street LLC (J. David…

Kris Oppermann Stern

February 11, 2019
Harvest Junction

Harvest Junction retail center sees broad investor demand

A full spectrum of investor types took a look at buying the Harvest Junction retail center in Longmont, which records show sold for $61.15 million, or $166.20 per square foot. A partnership of Chicago based private equity real estate firm Walton Street Capital LLC and Alberta Development Partners, a Greenwood Village based developer and investor,…

Kris Oppermann Stern

February 9, 2019

Goldman Sachs/Unico Properties execute $437.5 million loan to Morgan Stanley on 11 Boulder buildings

Boulder County Property Location: 4780-4999 Peal East Circle, One Pearl Plaza Property Description: 11 separate office buildings totaling 491,672 sf, YOC 1988-1999, masonry construction Land Size: 18.81 acres Sales Price: $150M, or $305.08 psf Reception No.: 3694792 Closing Date: 1/18/2019 Grantor: UPI/P7 Pearl East LLC, c/o Unico Properties Grantee: Western Office Portfolio Property Owner LLC (Alexander Cheek,…

John Winslow

February 8, 2019

Colorado Tech Center sites sell to Louisville developer for $1.5M

Boulder County Property Location: 1411 & 1443 S. Arthur Ave., Louisville Land Size: 1. 3.57 acres & 2. 2.19 acres (total 5.76 acres) Sales Price: $1,45M, or $5.78 psf Reception No.: 3694890 Closing Date: 1/22/19 Grantor: Sky Trail Investments LLC, Alexander Topakas, mgr., 303-589-0123 Grantee: CTC Gateway LLC (Mike Eisenstein, mgr., & Justin Collier, 906 Main…

John Winslow

February 7, 2019

Tebo exchanges into former First National Bank Longmont building

Boulder County Property Location: 1726 Hover St., Longmont Property Description: 16,587-sf rentable area in three-story office building, YOC 2005, brick construction Land Size: 1.53 acres Sales Price: $2.3M, or $138.66 psf Reception No.: 3695706 Closing Date: 1/18 Grantor: EAT-1813, Richard Levy, 1031 trustee for Sunflower Bank Grantee: Stephen D. Tebo Financing: Cash Comments: 5,529 sf available on lower…

John Winslow

February 6, 2019
Atria

Crocs signs lease for 88,293 square feet at Atria

Casual footwear company Crocs Inc. will relocate its corporate headquarters from Niwot to Broomfield in 2020. The move is part of the company’s strategy for long-term, sustainable growth, including employee retention and recruitment. “Our business is strong and we continue to explore ways to meet the needs of our employees while investing in our future,”…

CREJ

February 5, 2019

Boulder investors land 4,150-sf medical building in Lafayette

Boulder County Property Location: 110 Old Laramie Trail, Lafayette Property Description: 4,150-sf medical office building, YOC 2016, masonry Land Size: 7,413 sf Sales Price: $1.57M, or $378.31 psf Reception No.: 3695329 Closing Date: 1/18/2019 Grantor: Creekside 110 LLC (Hans Brutsche, mgr.) Grantee: 110 Old Laramie LLC (80%), Charles P. Rahe, mgr.; & GR Group LLC (20%), Emily…

John Winslow

February 5, 2019