City Office REIT purchases Circle Point Corporate Center
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Kris Oppermann Stern
August 13, 2018
Florida investor snags Westminster retail strip center for $3.25 million
Adams County Property Location: 13591 Huron St., Westminster Property Description: 5,389-sf retail strip center (three tenants), YOC 2016 Sales Price: $3.25M Reception No.: 54742 2018 Closing Date: 6/27 Grantor: Westminster Huron Retail Group Grantee: 13591 Huron Street LLC, 3000 Gulf to Bay Blvd., Suite 303, Clearwater, FL Financing: Cash Comments: Tenants include a liquor store,…
John Winslow
August 13, 2018
Medical device company leases 105,561 square feet
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Kris Oppermann Stern
August 12, 2018
SCL Health Systems lands prime Wheat Ridge site
Jefferson County Property Location: Northwest corner Interstate 70 & W. 40th Ave., also fronts northeast side Clear Creek Drive Property Description: Vacant land Land Size: 26.6239 acres Sales Price: $11.59M, or $10 per sf Reception No.: 2018065902 Closing Date: 7/18 Grantor: Evergreen Clear Creek Crossing LLC (Tyler Carlson, EVP), 303-757-0401 Grantee: Sisters of Charity of Leavenworth Health System Inc., 500 Eldorado…
John Winslow
August 10, 2018
Denver apartment investor lands 82-unit apartment community for $23.4 million
Denver County Property Location: 1515 Vrain St, Denver, “1515 Flats” Property Description: 82-unit, five-story apartment, 65,090 sf (including 5,995-sf retail space on first floor, YOC 2017 Land Size: 19,315 sf Sales Price: $23.4M, or $359.50 psf, or $285,366 per unit Reception No.: 2018065837 or correction deed 2018068024 Closing Date: 6/13 Grantor: Vrain Street Investments LLC (Leon…
John Winslow
August 9, 2018
Southeast I-25 corridor industrial building commands $11.1 million
Arapahoe County Property Location: 6981 S. Quentin St., Centennial Park Business Center II Property Description: 76,756-sf warehouse, YOC 2001, concrete Land Size: 5.724 acres Sales Price: $11.1M, or $144.61 psf Reception No.: D8062035 Closing Date: 6/20 Grantor: Centennial Park LLC (Bruce E. Tabb, mbr.) Grantee: Realty Associates Fund XI Portfolio LP, c/o TA Realty, Boston,…
John Winslow
August 7, 2018
Faegre Baker Daniels signs lease at 1144 Fifteenth
Faegre Baker Daniels will move its Denver office to the Hines Building at 1144 15th Street near historic Union Station in Denver’s Lower Downtown in early spring. The firm signed a 58,000-square-foot lease in the 40-story building, which is the city’s fifth tallest and the first of its kind to be built in Denver in…
CREJ
August 6, 2018
Redstone Group buys Tamarac Plaza
Tamarac Plaza sold for more than $45.3 million, marking the Canadian buyer’s first investment in the Denver market. The acquisition gives Redstone Group, one of British Columbia’s largest private commercial real estate companies, 335,269 square feet of office space in three buildings along East Hampden Avenue, just off Interstate 25. The seller, Parallel Capital Partners…
Kris Oppermann Stern
August 6, 2018Airport submarket in 16th year of positive absorption
Denver’s industrial market has seen positive absorption every quarter for more than eight years, and rental rates have climbed to record highs. But even more impressive is what’s happened in the airport submarket – by far the largest industrial submarket in metro Denver. Although the 82.64 million-square-foot submarket had no new deliveries and just over…
Kris Oppermann Stern
August 2, 2018
Rejuvenated Northglenn retail center sells for $4.35M
Adams County Property Location: 1000 W. 104thAve., Northglenn Property Description: 57,442-sf retail building, YOC 1978, to be renovated prior to occupancy of the space Land Size: 4.5 acres Sales Price: $4.35M, or $75.73 psf Reception No.: 55801 2018 Closing Date: 7/11 Grantor: Evergreen – 104thand Huron LLC (Doug Leventhal, mgr.) Grantee: MNG II LP, c/o Midtown National…
John Winslow
August 2, 2018
