Brinkman buys newly built SpringHill Suites in Parker
Brinkman has acquired a newly completed hotel in Parker as part of a long-term investment strategy. Brinkman, in partnership with Utah-based developer Colmena Group, purchased the 108-room SpringHill Suites by Marriott at 9355 Silverado Drive. The price was $17.28 million, or $160,000 per key. The 66,641-square-foot building is located off Silverado and North Pine Lane, less than a mile from the intersection of E-470 and Parker Road. The upper-midscale hotel features a breakfast area, 356 sf of meeting space, an indoor pool, fitness center, lobby workstation, market pantry and guest laundry area.
Kris Oppermann Stern
January 3, 2020Large health care REIT buys medical buildings at Lowry
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Kris Oppermann Stern
January 1, 2020Kennedy Wilson fund acquires $116 million portfolio
Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired a three-property commercial portfolio totaling 661,000 square feet of office, industrial and data center space for $116 million. The institutional-quality commercial campuses located in southeast Denver and Aurora expand Kennedy Wilson’s footprint in rapidly growing markets across the Western United States.
CREJ
December 30, 2019Broe Group looks to redevelop prime Cherry Creek real estate
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Kris Oppermann Stern
December 29, 2019SunCap, Colony to develop spec industrial
A new industrial park with great freeway access is coming to yet another former Denver area greenhouse property. SunCap Property Group and Colony Industrial, a subsidiary of Colony Capital, bought the Welby Gardens property at East 74th and Clayton Street in Adams County to develop North Central Logistics Center. The development will include 640,995 square…
Kris Oppermann Stern
December 28, 2019Edge 470 underway with delivery set for third-quarter 2020
Etkin Johnson Real Estate Partners has broken ground on the first phase of Edge 470, a 334,000-square-foot industrial/ flex campus near E-470 and Chambers Road in Parker. Scheduled for completion in the third quarter, Phase 1 consists of two approximately 80,000-sf buildings on 12.8 acres. “Every detail of Edge 470 is designed to give tenants…
Kris Oppermann Stern
December 27, 2019Uniform company finds fit with tech center flex building
A scarcity of available flex space drove interest in a Colorado Tech Center building that sold for $2.5 million, or $166.79 per square foot. Sunny Way LLC purchased the building at 379 S. Arthur Ave. in Louisville from SimonKramer Partners LLC. A Cut Above Uniforms, currently in Broomfield, will occupy the building. Scott Crabtree “We…
Kris Oppermann Stern
December 23, 2019Iowa hotel company to bring dual-brand hotel to 2534
An Iowa-based hotel company will develop its first Colorado property – a 98-room dual-brand hotel – at 2534 in Johnstown. The project will include a 65-key Sleep Inn, accompanied by a 33-room MainStay Suites hotel. Hart Family Hotels will develop the property on a 2.67-acre site it purchased for $1.22 million. Jake Hallauer “Hart Family…
Kris Oppermann Stern
December 23, 2019Denver releases draft RFP for National Western Center Triangle Project
The city and county of Denver’s Performance Based Infrastructure Office is taking the next step toward developing the southeast side of the National Western Center campus, known as the Triangle Project, with the initial release of a draft request for proposals. The Triangle refers to a triangle-shaped, 60-acre area on the southeast side of the National Western Center campus.
CREJ
December 17, 2019Florida buyer adds Tuscany Village Center to portfolio
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Kris Oppermann Stern
December 16, 2019