Northern Colorado lease rates on the rise
CBRE: The first half of the year sees rising lease rates in Northern Colorado's office and industrial sectors, while retail development flourishes Rising lease rates was a common theme across all of Northern Colorado’s commercial real estate sectors, according to CBRE’snewly released first half of 2018 MarketView reports. But while the office and industrial markets…
CREJ
October 15, 2018
Corum Real Estate sells Central 62 in $21.33 million deal
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Kris Oppermann Stern
October 15, 2018
Castle Rock Good Times restaurant sells as up-leg to 1031 exchange
Douglas County Property Location: 248 Metzer Drive, Castle Rock, “Good Times Burgers restaurant” Property Description: 2,539-sf restaurant, YOC 2004 Land Size: 43,560 sf Sales Price: $1.35M, or $531.71 psf Reception No.: 2018059150 Closing Date: 9/26 Grantor: MFG Holdings LLC (Donald E. Morrow, mbr.) Grantee: BPAZ Properties LLC (Larry Pisciotta, CEO of Brakes Plus), 303-221-8600 Financing: Up-leg 1031…
John Winslow
October 15, 2018
‘Last, best’ office building on Platte in final design stages
The Nichols Partnership is finalizing plans for a $120 million office/retail building on Platte Street’s last sizable development site. One Platte will include 247,000 square feet of office space, street-level retail/restaurant space and two levels of below-grade parking. It will be developed on 1.46 acres at 1701 Platte St. “We think it’s going to be…
Kris Oppermann Stern
October 13, 2018Kennedy Wilson buys 6200 S. Quebec for $85.2 million
A global real estate investment company acquired a southeast suburban Denver office building for $85.2 million, according to Arapahoe County records. An affiliate of Beverly Hills, California-based Kennedy Wilson bought 6200 S. Quebec, a 335,855-square-foot Class A building in Greenwood Village. The seller was CSHV Denver Tech Center LLC, managed by CBRE Global Investors. Aecom,…
Kris Oppermann Stern
October 12, 2018
Eyewear company signs lease for 309,962 square feet
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Kris Oppermann Stern
October 12, 2018
Prime West, Partners Group break ground on Newmont headquarters
A 380,000-square-foot office building anchored by Newmont Mining Corp. has broken ground at Belleview Station, which Denver Mayor Michael B. Hancock called “the most dynamic and progressive transit-oriented development site in Denver.” Newmont becomes the second Fortune 500 company to choose the development at Interstate 25 and East Belleview Avenue for its headquarters. Western Union…
Kris Oppermann Stern
October 12, 2018
Industrial building sells for $189 per square foot
Gullo Cos. sold a 12,672-square-foot industrial building on 1.43 acres at 4960 Locust St. in Commerce City for $2.4 million, or $189.39 per sf. The property features a fully paved and secure yard. The buyer was a local investor, Eric Stern. “At nearly $190 per square foot, this sale shows again how strong the demand…
Kris Oppermann Stern
October 12, 2018
Next-door neighbor in Commerce City acquires 12,672-sf warehouse
Adams County Property Location: 4960 Locust St., Commerce City Property Description: 12,672-sf warehouse, YOC 1962, twin-tee concrete Land Size: 1.43 acres Sales Price: $2.4M, or $189.39 psf Reception No.: 77063 Closing Date: 9/21 Grantor: 4960 Locust CO LLC (Mariann Gullo-Krewenka, et al.) Grantee: 4936 Locust LLC (Eric Stern, mgr.) Financing: $1.92M payable to First Citizens Bank &…
John Winslow
October 12, 2018
Denver business owner expands to adjoining property
Denver County Property Location: 920-930-932 Inca St., Denver Property Description: 1,882-sf industrial building, YOC 1925, masonry (in back) & 3,120-sf office building (in front), YOC 1960, masonry (total 5,002 sf) Land Size: 10,981 sf Sales Price: $1.34M, or $266.89 psf Reception No.: 2018114152 Closing Date: 9/7 Grantor: Inca Street LLC (James R. Martin, mgr.) Grantee: Edgewater Holdings…
John Winslow
October 11, 2018
