Lone Tree office building snapped up by Dallas investor
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 Land Size: 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:…
John Winslow
March 26, 2018Virginia buyer pays $11.5 million for Longmont Best Western hotel
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Kris Oppermann Stern
March 25, 2018Crossroads Commerce Park all leased up; two sites remain
All 673,288 square feet of speculative industrial space at Crossroads Commerce Park has leased, right on schedule. Clearwing Productions and Battery Systems leased the last 39,027 sf and 15,804 sf, respectively, in Building 1, one of three spec buildings Trammell Crow Co. has developed at Crossroads. The 77-acre Class A industrial park also includes seven…
Kris Oppermann Stern
March 24, 2018New restaurant proposed with sale of Augustine Grill
Douglas County Property Location: SWC Sixth & Wilcox streets, 519 Wilcox St., Castle Rock Property Description: 1,776-sf restaurant, YOC 1902, frame, & 565-sf storage building (land value) Land Size: 14,024 sf Sales Price: $1.19M, or $84.78 psf Closing Date: 2-23 Reception No.: 2018011016 Grantor: Augustine Grill LLC, Michael & Anna Linney, mgrs. Grantee: Wasson Family Holdings LLC, Andrew Wasson,…
John Winslow
March 23, 2018City to lead planning for land at south end of Broncos stadium
A nonprofit venture between the Metropolitan Football Stadium District and Denver Broncos Football Club is exploring creating a new, mixed‐use neighborhood destination on the south end of the stadium property — now occupied by surface parking lots used only during games and special events. In response, Denver Community Planning and Development has stepped in to…
CREJ
March 21, 2018Del Taco grabs restaurant site in Castle Rock Promenade
Douglas County Property Location: W/S Promenade Pkwy., south of Castle Rock Pkwy. Property Description: Pad site for fast food restaurant Land Size: 39,180 sf Sales Price: $1.3M, or $33.18 psf Closing Date: 3/5 Reception No.: 2018014859 Grantor: Blue Mist Spirea LLC, Donald G. Provost, mgr., 303-771-4004 Grantee: Del Taco LLC, 25521 Commercecentre Drive, Suite 200, Lake Forest, CA 92630…
John Winslow
March 21, 2018Pauls sells 14 Denver industrial buildings as part of portfolio deal
Pauls Corp. sold more than $200 million worth of Class A industrial space in Gateway Park in what may be the biggest industrial investment deal ever in the Denver market. The Gateway Park properties, which public records show sold for $206.15 million, comprise 1.93 million square feet in 14 buildings in Aurora. Clarion Partners bought…
Kris Oppermann Stern
March 20, 2018Trophy asset in DTC sells for record $115.2 million
A Denver-based company has acquired a trophy property anchored by a headquarters office building for $115.2 million, or $475 per square foot. KORE Investments purchased Re/Max Plaza off market in what is the largest office deal so far this year. Located at Interstate 25 and East Belleview Avenue, the property includes the 227,997-square-foot, 12-story Re/Max…
Kris Oppermann Stern
March 19, 2018Artis pays $70M for remaining interest in office assets
Artis Real Estate Investment Trust has acquired the remaining 50 percent interest in two Class A office buildings in downtown Denver for $70 million. The Canadian REIT owned 1700 Broadway and Hudson’s Bay Centre in joint ventures with an affiliate of MDC Property Services Ltd., a boutique real estate company focused on commercial markets in…
Kris Oppermann Stern
March 19, 2018Aurora apartment complex acquired by Denver investor
Adams County Property Location: 12170 E. 30th Ave., Aurora Property Description: 66-unit, three-story, apartment w/38,574 sf, YOC 1969, Land Size: 1.18 acres Sales Price: $7.2M, or $109,091 per door, or $186.65 psf Reception No.: 2018000017579 Closing Date: 2/28 Grantor: Abrigo Apartments LLC, Keith Joseph, mgr. Grantee: Vesta CO LLC c/o IWP Wealth Management, Charles Willhoit,…
John Winslow
March 19, 2018