One Lincoln Station sells for $43.75 million
Douglas County Property Location: 9380 Station St., Lone Tree, “One Lincoln Station” Property Description:154,229-sf, six-story office building, YOC 2008, Leed certified, fitness center, conference room Sales Price: $43.75M, or $283.67 psf Closing Date: 3/12 Reception No.: 2018014919 Grantor: Lincoln Station Phase One LLC Grantee: OLS Preston LLC, et al., c/o Spectrum Properties, 214-379-8600 Comments: Leasing brochure from…
John Winslow
April 5, 2018Clarion Partners acquires 14-building, 1.9 million-sf industrial portfolio
Adams County Property Location: Gateway Portfolio, 18250 E. 40th Ave., Aurora, et al. Property Description: 14 industrial buildings ranging from 72,000 sf to 347,840 sf, constructed in 1996, 1997, 1998, 2004 and 2015, 1.93M total square feet Land Size: 113.452 acres in 14 parcels Sales Price: $206.15M, or $106.55 psf Closing Date: 3/8 Grantor: Gateway Industrial…
John Winslow
April 4, 2018Brookfield sells 51 percent interest in 1801 California for $285.6 million
Brookfield Properties sold 51 percent interest in downtown Denver’s second-biggest office tower for $285.6 million. PNC Realty Investors Inc., on behalf of the AFL-CIO Building Investment Trust, was the buyer. Brookfield retained 49 percent interest in the asset. The 1.3 million-square-foot building is valued at approximately $560 million. The acquisition price for the office space…
Kris Oppermann Stern
April 3, 2018Boulder investors land professional office building in Arvada for $1.66 million
Jefferson County Property Location: 6390 Gardenia St, Arvada Property Description: 10,471-sf, two-story office building, YOC 2000, brick/frame Land Size: 41,927 sf Sales Price: $1.66M, or $158.87 per sf Reception No.: 2018021894 Closing Date: 3/7 Grantor: Wildflower Ponds Professional Office Park LLC, Roger R. Ladd, mgr. Grantee: Golden Bear RE c/o Colorado Group, Jeff E. Levy, mgr., 720-722-1810…
John Winslow
April 3, 2018Clarion buys Pauls industrial portfolio
Pauls Corp. sold more than $200 million worth of Class A industrial space in Gateway Park in the biggest industrial investment deal ever in the Denver market. The Gateway Park properties, which public records show sold for $206.06 million – or $106.77 per square foot – comprise 1.93 million sf in 14 buildings in Aurora.…
Kris Oppermann Stern
April 2, 2018Retail center at College & Harmony fetches $15.49M
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Kris Oppermann Stern
March 30, 2018Prime West sells One Belleview Station
One Belleview Station achieved record pricing for office product in southeast suburban Denver with its $152 million sale to Dallas-based Ramrock Real Estate LLC. Developer Prime West sold the new Class AA building for $477.90 per square foot. That beats the $475 per sf paid for Re/Max Plaza and $423.78 per sf for Granite Place…
CREJ
March 29, 2018Denver interior design entrepreneur snaps up office building
Denver County Property Location: 3400 Mariposa St., Denver Property Description: 6,207-sf office building, plus 1,907-sf garage, YOC 1966 (remodeled in 2009), masonry construction (total of 8,114 sf) Land Size: 9,375 sf Sales Price: 2.05M, or $252.65 psf Closing Date: 3-21-18 Reception No.: 20180 Grantor: Happy Jack LLC, Douglas C. Payne, mgr. Grantee: LAD2 LLC, Angela M. Harris,…
John Winslow
March 29, 2018Chicago firm spends $5.5 million for sites in Englewood & Westminster
Site No. 1: Arapahoe County Property Location: 3555 S. Clarkson St., Englewood Property Description: (land value) formerly Plaza De Medicos building Land Size: 31,947 sf Sales Price: $2.4M, or $75.12 per square foot, or $18,462 per buildable unit Closing Date: 10/13/17 Reception No.: D7116884 Grantor: KRF 965 LLC, George Balafas, mgr. – Kentro Group Grantee: CA Senior Englewood CO,…
John Winslow
March 28, 2018Whale Sites: Ballpark district is sitting on a gold mine
This the sixth 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, Park Hill Golf Course, Elitch Gardens, and the Denver Design District. Steve Ferris, Founder and principal, Real Estate Garage,…
Steve Ferris
March 26, 2018