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Centerra Industrial IV

McWhinney launches Centerra’s latest industrial spec building

Leasing success with big-box industrial space at Centerra in Loveland is leading to construction of a new speculative building that will be larger than its predecessors. Centerra Industrial IV will measure 123,000 square feet. It follows construction of two approximately 84,000-sf buildings that are fully leased. Developer McWhinney will break ground on the Class A…

Kris Oppermann Stern

May 5, 2018
Nexus at DIA

Build-to-suit underway for GE Appliances

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

May 3, 2018

Pinnacle Real Estate Advisors brokers sale of midtown building

Denver County Address: 1729 Pennsylvania St., Denver Improvements: 6,267-sf, three-story boarding home, YOC 1907, brick Land Size: 6,695 sf Date of Recording: 3/30 Reception No.: 20180038145 Price: $1.8M, or $287.22 psf Grantor: 1729 Pennsylvania LLC Grantee: MW Partners LLC, Waylon Wouters Comments: This sale was handled by Pinnacle Real Estate Advisors with Erik Toll and J.B. Hochman representing the…

John Winslow

May 3, 2018

LBA pays $14.82 million for Ferguson building

LBA Realty purchased the Ferguson Enterprises building at 1840 W. Oxford Ave. in Sheridan for $14.82 million. CBRE’s Jim Bolt, Tyler Carner and Jeremy Ballenger represented the seller, Cadence Capital of Greenwood Village. Cadence Capital initially purchased the building in 2017, following the closure of Red & Jerry’s, a sports betting lounge and family entertainment center…

Kris Oppermann Stern

May 2, 2018

Redevelopment site & 7-Eleven on North Washington sell for $1.48M

Adams County Address or Location: 6331-41 Washington St., Denver Improvements: 7-Eleven retail store w/2,585 sf, YOC 1986; 1,421-sf house, YOC 1948; 1,922-sf tavern, “Y-Knott Bar” (lease expires in 2019), YOC 1935; 1,008-sf retail store, YOC 1935 Land Size: 1.78 acres Date of Recording: 4/3 Reception No.: 2018000027215 Price: $1.48M, or $253.39 psf Grantor: 7-11 Washington RE LLC, c/o…

John Winslow

May 2, 2018
Ramble Hotel

The Ramble Hotel opens at River North’s edge

The Ramble Hotel is celebrating its grand opening this week, becoming the first hotel to be unveiled in the River North Art District. The 50-room boutique hotel at 25thand Larimer streets melds a classy, comfortable interior with a brick exterior reminiscent of the warehouses that defined the neighborhood. Gravitas Development, which developed and will operate…

Kris Oppermann Stern

May 1, 2018

Adams County industrial properties sell for $2.81 million

Adams County 1. Address or Location: 2550 East 70th, Denver Improvements: 5,525-sf metal industrial building, YOC 1993, 16’ clear, three 14’x16’ drive-in doors, radiant heat & floor drains Land Size: 2 acres Date of Recording: 3/23 Reception No.: 2018000022414 Price: $1.4M, or $253.39 psf Grantor: Hilltop Subdivision Partnership LLP, Steven S. McWilliams, mgr. Grantee: Platinum Realty Group LLC, Mario Mendoza,…

John Winslow

May 1, 2018

Denver Tech Center office building sells to Greenwood Village investor

Denver County Address: 5075 S. Syracuse St., Denver Improvements: 231,475-sf, 12-story office building, YOC 2007, & 10,052-sf restaurant located at 5085 S. Syracuse St., built in 2009 Land Size: 5.403 acres Date of Recording: 3/13 Reception No.: 2018030017 Price: $115.19M, or $476.91 psf Grantor: EQC Operating Trust by: David S. Weinberg, EVP Grantee: KORE 5075 Syracuse LLC, Jack…

John Winslow

April 30, 2018

WeWork grows its footprint by leaps & bounds in Tabor Center

WeWork is more than doubling its footprint at the Tabor Center with a new lease that will give it space on seven floors in the downtown Denver tower. The global workspace provider is growing from approximately 64,000 to 150,000 square feet, adding space on four floors. The Tabor Center, a property owned by Callahan Capital…

Kris Oppermann Stern

April 30, 2018
5503 Havana St.

Prologis to acquire Denver-based DCT Industrial Trust

Prologis Inc. and Denver-based DCT Industrial Trust Inc. have entered into a definitive merger agreement by which Prologis will acquire DCT for $8.4 billion in a stock-for-stock transaction, including the assumption of debt. The boards of directors of both companies unanimously approved the transaction. “For some time, we have considered DCT’s realigned portfolio to be…

CREJ

April 30, 2018