Northstar completes value-add with $39.67M sale
Northstar Commercial Partners added value to a pair of Aurora office buildings and sold them for twice what it paid. Cherry Creek Place I and II sold for a total of $39.67 million. Northstar had owned Cherry Creek Place II at 3190 S. Vaughn Way since 2009, when it paid $4.6 million for the asset.…
Kris Oppermann Stern
July 15, 2018Flywheel Capital buys Commerce City industrial building
A rail-served industrial property in Commerce City changed hands at $5.1 million. Denver-based Flywheel Capital purchased the Intsel Steel West building at 6300 Clermont St. from McCallin Real Estate LLC. The 4.39-acre site includes a 59,638-square-foot warehouse with 2,492 sf of office space, plus a 5,306-sf freestanding office building. The property offers a compelling mix…
Kris Oppermann Stern
July 15, 2018Greenway could pave path toward redevelopment
This is the seventh in the series on Denver’s “Whale Sites,” defined as extremely prominent and underdeveloped land parcels whose size and location will define Denver’s future growth and development. Examples include the Burnham Yard, Upper Fox, Elitch Gardens, Broadway Station Area and Denver Design District. Introduction Sometimes a significant real estate opportunity is in…
Steve Ferris
July 15, 2018Investment group pays $11.1M for Centennial industrial bldg.
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Kris Oppermann Stern
July 13, 2018Capitol Hill apartments snagged by longtime Denver family for $6.2 million
Denver County Property Location: 900 E. Eighth Ave., Denver Property Description: 28-unit, three-story apartment, 22,009 sf, YOC 1947, brick construction (11 one-bedrooms units, 17 two-bedroom/one-bath units) Land Size: 25,000 sf Sales Price: $6.23M, or $230,556 per unit or Reception No.: 2018080093 Closing Date: 6/28 Grantor: Garr Investment Corp (Margaret G. Holcomb, pres.) Grantee: The Don Edward LLC…
John Winslow
July 12, 2018Conga in line for 88,293 sf at Atria corporate campus
A growing software company signed a lease for 88,293 square feet of Class A office space at Atria, Etkin Johnson Real Estate Partners’ recently completed speculative corporate campus in Broomfield. Conga, currently in 30,000 sf in Interlocken Advanced Technology Environment, leased the entire north building at 13699 Via Varra Road for its global headquarters. It…
CREJ
July 11, 2018Seventh-day Adventists land site in Aurora for church facility
Arapahoe County Property Location: E. corner E. Centretech Pkwy. & East Centretech Circle, Aurora Property Description: Vacant land, proposed for Seventh-day Adventist church proposed Land Size: 1.217 acres Sales Price: $254,000, or $4.78 psf Reception No.: D8059156 Closing Date: 6/18 Grantor: Greenstone Properties LLC, Charles W. Cullens, mbr. Grantee: Rocky Mountain Conference of Seventh-Day Adventist Church Comments:…
John Winslow
July 10, 2018Flex building near Ken Caryl Ranch sells for $207 per square foot
Jefferson County Property Location: 11149 Bradford Road, Littleton Property Description: 36,841-sf warehouse, YOC 2006 Land Size: 3.02 acres Sales Price: $7.63M, or $207.00 psf Reception No.: 2018048576 Closing Date: 5/30 Grantor: Lot 17A, B1, KCBP LLLP, Allan R. Ojala, mgr. Grantee: Advanced Property Services LLC, Ty Correy, mgr., 303-756-7663 Financing: Cash Comments: Dan Bartell of Bartell and…
John Winslow
July 9, 2018CBD company leases Golden building for HQ & operations
A Boulder cannabinoid company leased a former GE Healthcare building in Golden for its headquarters and operations. Boulder Botanicals & Bioscience Labs leased the 26,180-square-foot facility at 1150 Catamount Drive with an option to buy the building. The property will serve as headquarters for several other sites throughout Colorado, including a 70-acre hemp farm in…
Kris Oppermann Stern
July 8, 2018Springhill Business Center trades to local group for $6.3 million
Spinghill Business Center, a multitenant industrial property in Aurora, sold to a local investment group for $6.3 million, or approximately $96 per square foot. Ohio Senior Housing Properties LLC, which traditionally has been an apartment owner but is venturing into other asset types, purchased the property at 909-943 Telluride St. and 908-950 Salida Way. The…
Kris Oppermann Stern
July 8, 2018