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Lafayette family partnership snatches Longmont office/warehouse

Boulder County Property Location: 1350 Kansas Ave., Longmont Property Description: 16,093-sf, two-story office-warehouse, fluted and fractured block, YOC 1984, Land Size: 1.07 acres Sales Price: $2.28M, or $141.37 Reception No.: 3695577 Closing Date: 1/25/19 Grantor: 1350 Kansas Avenue LLC (Theresa R. Caucillo, mgr.) Grantee: The Sanders Family LLC (Scott & Diane Sanders, mgr.), Lafayette Financing: $1.45M payable…

John Winslow

February 4, 2019
303 S. Technology Court

Interlocken buildings with credit tenant trade for $15.17M

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 3, 2019

E*Trade building sells for $16.9 million

A longtime investor in the Denver market bought the TCA by E*Trade building in Centennial for $16.9 million, or $289.36 per square foot. Honolulu-based Watumull Properties Corp. purchased the 58,405-sf building at 7103 S. Revere Parkway in a deal handled by Colliers International brokers Brad Calbert, T.J. Smith and Nick Rice. The seller was 7103…

Kris Oppermann Stern

February 3, 2019

Castle Rock apartments sell to Seattle firm for $16.5 million

Douglas County Property Location: 1465 Red Hawk Drive (NWC Wolfensberger Road & Red Hawk Drive), Castle Rock Property Description: 56-unit apartment, 61,435 sf, YOC 2017, masonry/frame construction Land Size: 4.54 acres Sales Price: $16.49M, or $294,554 per unit, or $268.50 psf Reception No.: 101619 2018 Closing Date: 12/27/18 Grantor: Wolfenberger LLLP (Brian R. Bahr, mgr.), 719-598-5190 Grantee:…

John Winslow

February 1, 2019

New single-tenant retail buildings in Thornton sell at 5.8 percent cap rate

Adams County 1. Property Location: 581 W. 84th Ave., Thornton Property Description: 3,044-sf retail building, YOC 2018 Land Size: 19,602 sf Sales Price: $2.48M, or $813.07 psf Reception No.: 4828 2019 Closing Date: 1/18/2019 Grantor: Evergreen-88th& Fox LLC by: Evergreen Devco Grantee: VEB Properties (Virginia E. Bright, mgr.), Le Grand, CA 95333 Financing: $510,000 payable to First Savings Bank,…

John Winslow

January 31, 2019

Plumbing supply company acquires building in Adams County for $1.25 million

Adams County Property Location: 5891 Marion St., Denver Property Description: 12,000-sf warehouse, YOC 1979, metal construction Land Size: 33,106 sf Sales Price: $1.25M, or $104.17 psf Reception No.: 2018000100251 Closing Date: 12-17-18 Grantor: Dubois Denver Property Grantee: 5 Palm Properties LLC (M&N Plumbing Supply), Steve Morgan & Stephen M. Norton, mgrs., principals of M&N Plumbing, 303-308-1325) Financing: $1.11M…

John Winslow

January 30, 2019
Joliet Business Center

Etkin Johnson closes record industrial portfolio sale

Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, sold its 1.95 million-square-foot Colorado Industrial Portfolio to Berkeley Partners for $247.5 million. The sale marks Berkeley Partners’ first acquisition in the Colorado market. Jim Bolt, Jeremy Ballenger, Tyler Carner and Mike Winn of CBRE represented Etkin…

CREJ

January 28, 2019

City of Thornton lands proposed 85,000-sf, two-story charter school

Adams County Property Location: Northwest corner Grant St. & Grant Drive, fronts on east side of Interstate 25, 1/8 mile south of E. 128thAve., Thornton Property Description: Vacant land Land Size: 14.721 acres Sales Price: $2.3M, or $3.57 psf Reception No.: 2018000100822 Closing Date: 12-14-18 Grantor: Banner Health, Rebecca Kuhn, COO, Phoenix, AZ 85012; see www.bannerhealth.com Grantee:…

John Winslow

January 28, 2019
Erie land

Erie buys 255 acres at its ‘front door’ for $6.35 million

The town of Erie has acquired 255 acres of land at the gateway to the town in a $6.35 million transaction. The land is located at the northwest corner of Interstate 25 and Erie Parkway in Weld County. “This property is one of the most visible interstate highway corners in the northern metro submarket and…

Kris Oppermann Stern

January 27, 2019
The Residence Inn by Marriott Denver City Center

Investors keen on Denver hotels as demand increases with supply

The $92 million sale of a downtown Denver hotel capped off a year of heightened investor interest in the metro area’s hotel market that is expected to continue into this year. The 228-room Residence Inn by Marriott Denver City Center at 1725 Champa St. was among a half-dozen hotels to close in the final weeks…

Kris Oppermann Stern

January 24, 2019