Online auction draws multiple bidders for Littleton flex building
A fully occupied flex building in the southwest Denver metro area was a hot commodity, drawing numerous bids in an online auction. High Pointe Business Center, a 42,380-square-foot building at 8022 Southpark Circle in Littleton, sold for $3.73 million, or $87.95 per sf, according to Arapahoe County records. GCCFC 2005-GG5 South Revere industrial LLC, an…
Kris Oppermann Stern
February 24, 2018
New York investor lassos office building in Glendale for $40.5 million
Arapahoe County Property Location: 4500 Cherry Creek Drive South, Glendale Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction Land Size: 5.367 acres Sales Price: $40.5M, or $169.87 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr. Grantee: G&I…
John Winslow
February 21, 2018
Investor pays $2.74 million for Starbucks building
Arapahoe County Property Location: 11703 E. Arapahoe Road, Englewood Property Description: 2,022-sf free-standing Starbucks coffee shop, YOC 2017 Land Size: 1.46 acres Sales Price: $2.74M, or $1,355 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: Confluent Development LLC Grantee: Arapabucks LLC Comments: This is 10-year lease with four five-year options with an in-place cap rate…
John Winslow
February 19, 2018
Developer avoids ruffling feathers with residential-style apts.
A new apartment community on the U.S. Highway 36 corridor will feel a lot like a single-family neighborhood, and its developer is taking steps to ensure it’s a good neighbor – particularly to one specific resident. The Garrett Cos. will break ground in the second quarter on Caliber at Flatirons, a 288-unit community on approximately…
Kris Oppermann Stern
February 18, 2018
Cherry Creek Corporate Center sells for $40.5 million
A prominent Cherry Creek office tower sold to Chicago-based company looking to add value to the asset. M&J Wilkow, in a joint venture with a fund managed by DRA Advisors LLC, bought Cherry Creek Corporate Center from an EverWest Real Estate Partners affiliate, AA Cherry Creek LLC. Arapahoe County records show the buyer paid $40.5…
Kris Oppermann Stern
February 18, 2018
Mexico City group pays $19.5M for first, but not last, Denver asset
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Kris Oppermann Stern
February 16, 2018
Mixed-use TOD building in Lakewood sells for $20.9M
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
February 16, 2018
Apartments within 2 miles of one another yield $106.76M
Adams County 1. Property Location: 101 E. 88th, Thornton Property Description: 322-unit apartment complex, 248,883 sf NRA, YOC 1973, brick and frame construction Land Size: 12.13 acres Seller: Ashford East 88 LLC 400 Galleria Pkwy. E., Ste 400, Atlanta, GA, The Radco Cos., Leslie Thaxton, regional manager – Colorado, 770-272-9330 Buyer: Thornton Multifamily LLC c/o…
John Winslow
February 16, 2018
Brinkerhoff Hospitality snaps up site for La Loma restaurant
Douglas County Property Location: West of Promenade Pkwy., south of Castle Rock Pkwy. Property Description: Vacant pad site, proposed “La Loma” restaurant Land Size: 1.977 acres Sales Price: $1.2M, or $13.93 psf Reception No.: 2018007093 Closing Date: 2/2 Grantor: Black Mondo Grass c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Jefferson Park Development c/o…
John Winslow
February 15, 2018
Aurora investor pays $5.16M for retail center in Promenade at Castle Rock
Douglas County Property Location: 1345 New Beale St., Castle Rock Property Description: 8,188-sf retail center, YOC 2016, masonry Land Size: 1.46 acres Sales Price: $5.17M, or $630.80 psf Reception No.: 2018006786 Closing Date: 2/1 Grantor: Ponderosa Pine LLC c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Promenade Shops LLC, Paul Zueger, mgr., 70 S.…
John Winslow
February 14, 2018
