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Downtown Denver office tower fetches $238 million

Denver County Property Location: 1670 Broadway, Denver, “TIAA Building” formerly “Amoco” Property Description: 36-story, 704,566-sf office tower, YOC 1978 Land Size: 1.26 acres Sales Price: $238M, or $337.80 psf Reception No.: 2018104753 Closing Date: 8/16 Grantor: 1670 Broadway Investors LLC by: TPF Equity REIT Operating Partnership LP, William P. Robertson, executive director, 860-616-9121 Grantee: HPI 1670 BRDW LLC,…

John Winslow

September 21, 2018
198 Union

REIT adds to holdings near St. Anthony with $4.15M buy

A real estate investment trust paid $4.15 million, or $242.92 per square foot, for a multitenant office/medical office building next to St. Anthony Hospital in Lakewood. HR Assets LLC, an affiliate of Healthcare Realty Trust Inc., purchased the 17,084-sf building at 198 Union Blvd. from 198 Union LLC. Healthcare Realty has been active in the…

Kris Oppermann Stern

September 21, 2018

Parker assisted-living facility snagged for $28.7M

Douglas County Property Location: 19160 Cottonwood Drive, Parker Property Description: 143-unit assisted-living and memory care, three-story facility (117 units assisted living & 26 units memory care), YOC 2017, 105,186 sf Land Size: 4.406 acres Sales Price: $28.69M, or $200,612 per unit, or $272.73 psf Reception No.: 2018049794 Closing Date: 8/8 Grantor: Crown Point Assisted Living LLC (Steven…

John Winslow

September 19, 2018
1551 Wewatta St.

Quick deal leads to changes for building – and office market

VF Corp. didn’t mess around when it came to securing the building at 1551 Wewatta St. in Denver for its new global headquarters. “They were, and we were equally, focused on getting to a transaction very quickly because there was a lot of interest in this building from other tenants,” said Scott Matthews, senior vice…

CREJ

September 18, 2018

Haselden Construction buys RiNo site for $106.64 per square foot

Denver County Property Location: 3695 Wynkoop St., Denver Property Description: 15,177-sf warehouse, YOC 1983 (land value), part of Giambrocco neighborhood development Land Size: 44,075 sf Sales Price: $4.7M, or $106.64 psf Reception No: 2018113056 Closing Date: 9/6 Grantor: 3695 Wynkoop Investors, c/o RiNo Investors LLC (Jason Pollack, mgr.) Grantee: Revolution 360 Owner LLC by: 3600 Brighton Blvd…

John Winslow

September 17, 2018

NKF predicts strong absorption will create shortage of Class A office space

Global real estate adviser Newmark Knight Frank predicts overall absorption in Denver’s downtown submarket will top 1 million square feet per year through 2021, leading to a shortage of large blocks of Class A space in Denver’s core downtown. Sam DePizzol “This news is notable for two reasons,” stated NKF Executive Managing Director Sam DePizzol.…

CREJ

September 17, 2018
2535 E. 40th Ave

AT&T site to be redeveloped following $19 million sale

A significant redevelopment is in the works at the edge of the River North Art District with a local couple acquiring one of the largest contiguous sites in the vicinity for $19 million. Tom and Brooke Gordon, through Iselo 40thAvenue LLC, bought AT&T’s 234,250-square-foot office/industrial building on 14.6 acres at 2535 E. 40thAve. in Denver…

Kris Oppermann Stern

September 17, 2018
4650 Steele St.

Denver group buys opportunity near National Western, I-70

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 16, 2018
Circa

Unico delivers latest development with The Circa Building

Unico Properties opened its latest development, a 96,000-square-foot Platte Street office building whose top floor is home to growing technology company Xero. Xero, which relocated its U.S. headquarters from San Francisco to Denver, occupies 30,000 sf in The Circa Building at 1615 Platte. “The Circa Building was built for forward-thinking companies like Xero who are…

Kris Oppermann Stern

September 16, 2018

Former Parker bank building transforms into dental practice

Douglas County Property Location: Southwest corner Parker Road & Silverado, Parker Property Description: 3,837-sf bank building, to be converted to dental offices, YOC 2008, masonry construction Land Size: 41,069 sf Sales Price: $1.8M, or $469.12 psf Reception No: 2018046567 Closing Date: 8/1 Grantor: 7877 Partnership LLLP & 9361 Parker LLC (Jeff A. Sussman, mgr.) Grantee: Mountainside Dental…

John Winslow

September 14, 2018