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Berkeley at Regis Apartments sells for $30.75M

Adams County Property Location: 4703 W. 52ndAve., Denver, “Berkeley at Regis Apts.” Property Description: 127-unit, three-story townhome/apartment units containing 13 buildings & clubhouse, 128,707 sf, YOC 1999 & 2003 Land Size: 6.69 acres Sales Price: $30.75M, or $242,126 per door, or $238.91 psf Reception No.: 88006 2018 Closing Date: 10-26 Grantor: Fifteen Regis LLC (Ian Sanders, founder),…

John Winslow

November 12, 2018

Dallas developer snags northeast Denver build-to-suit for Caliber Collision

Denver County Property Location: 5050 Smith Road, Denver Property Description: Misc. improvements (land value) Land Size: 2.13 acres Sales Price: $1.2M, or $12.93 psf Reception No.: 2018140622 Closing Date: 10-30 Grantor: Farzo Co LLC (Joseph E. Bojalad, III, mgr.), Sewickley, PA 15143 Grantee: VRD at Stapleton LLC, c/o Tony Ramji, president of Victory Real Estate Group, 214-718-0707…

John Winslow

November 9, 2018
Market Building

Tech company takes S’Park office space

A technology company with operations in Boulder has leased the entire office component of a new mixed-use building at S’Park in Boulder. Splunk will occupy approximately 42,000 square feet in the Market Building, a 53,000-sf building with ground-floor retail. The building is slated for completion in early 2019. “Splunk has long recognized the tremendous pool…

Kris Oppermann Stern

November 8, 2018

ReyLenn Properties acquires Aurora multifamily site

Adams County Property Location: SWC Martin Luther King Blvd. & Oswego St., Aurora Property Description: Vacant land Land Size: 9.06 acres Sales Price: $6.75M, or $17.10 psf, or $24,107 per buildable unit Reception No.: 83021 2018 Closing Date: 10-15 Grantor: FC Stapleton II LLC Grantee: Solana Stapleton LLC, c/o ReyLenn Properties LLC (Jason Smith, VP) Comments: Buyer plans…

John Winslow

November 8, 2018
7490 Clubhouse Road

Private investor pays $3.07M for Gunbarrel office building

A Gunbarrel office building anchored by a restaurant franchisee changed hands for $3.07 million in a sale-leaseback. Clubhouse Fortress LLC, a private investor, purchased the Country Club Offices at 7490 Clubhouse Road in Boulder at a 6.67 percent capitalization rate. Lund Brown Enterprises LLC sold the 14,884-square-foot building. The asset received multiple offers within the…

Kris Oppermann Stern

November 8, 2018
13356 E. Briarwood

Single-tenant Centennial office building sells for $7.72 million

An office building leased to a government agency sold to a 1031 exchange buyer for $7.72 million, or $279.31 per square foot. The 27,638-sf building at 13356 E. Briarwood Ave. in Centennial was built in 2017 for the Arapahoe County branch of the Office of the Colorado Public Defender. It is located off the intersection…

Kris Oppermann Stern

November 8, 2018

ARA Newmark closes Waterford RiNo & Keystone Apartments for $130.1 million

Denver & Adams counties   1. Denver Property Location: 2797 Wewatta St., Denver, “Waterford RiNo Apartments” Property Description: 301-unit, five-story apartment complex, 252,828 sf, YOC 2012, brick & frame construction Land Size: 3.039 acres Density: 99 units per acre Sales Price: $90.62M, or $301,053 per door, or $358.41 psf Reception No.: 2018141988 Closing Date: 10-31 Grantor: CWS Wind…

John Winslow

November 7, 2018

Granite Depot snags central Denver warehouse for $2.4 million

Denver County Property Location: 2605-2625 W. 8thAve., Denver Property Description: 18,950-sf warehouse (7,317-sf office area), YOC 1973, updated in 1987, three dock doors and one drive-in (10’x14’), 18’ ceiling height Land Size: 28,000 sf Sales Price: $2.4M, or $126.65 psf Reception No.: 2018140785 Closing Date: 10-31 Grantor: Greenwood Enterprises LLC (Greg Greenwood, mgr.) Grantee: 2605 W. 8thAve…

John Winslow

November 6, 2018
Denver Financial Center

Lincoln Property buys Denver Financial Center I & II for $95.2M

Lincoln Property Co. acquired Denver Financial Center I and II for $95.2 million on behalf of a public pension fund client. Located in the Uptown neighborhood, the 13- and 34-story office towers at 1775 Sherman St. and 1776 Lincoln St. comprise 435,672 square feet. They are just under 88 percent leased to SM Energy, PDC…

Kris Oppermann Stern

November 4, 2018
13705 Compark Blvd.

REIT pays $12.8 million for net-leased flex building

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

November 2, 2018