Sustainable energy nonprofit among Boulder Commons tenants
A nonprofit focused on sustainable energy is among tenants in what is being targeted as the first net-zero-energy development in Boulder County. Rocky Mountain Institute, which focuses on research and acceleration of sustainable energy use, has occupied 14,302 square feet at Boulder Commons, a 100,000-sf project at 2440 and 2490 Junction Place. The newly delivered…
Kris Oppermann Stern
February 4, 2018Sessions’ impact on marijuana commercial real estate
Glen Weinberg Managing partner, Fairview Commercial Lending, Evergreen Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country. In a break with past federal policies taking a hands-off approach, Sessions instead will let federal prosecutors, where pot is legal, decide how…
CREJ
February 3, 2018
Horizons North Credit Union acquires pad site for in Westminster
Adams County Property Location: 13559 Huron St., Westminster Property Description: Vacant retail pad site Land Size: 1.16 acres Sales Price: $960,000, or $19 per sf Reception No.: 2018000005882 Closing Date: 1/18 Grantor: Retail Services Company LLC, Michelle Gayeski, mbr., 720-290-4447 Grantee: Horizons North Credit Union, 303-451-1146, Northglenn 80233 Financing: Cash Comments: Lot 3B, First Replat…
John Winslow
February 2, 2018
Institutional investor pays $133 per sf for new industrial building
An institutional investor paid $133.66 per square foot for a newly built, fully leased industrial building in Douglas County, which sold at a record low cap rate for the southeast industrial submarket. Lincoln Advisory Group, on behalf of a public pension fund client, bought 14150 Grasslands Drive for $13.5 million. The 101,000-sf building, known as…
Kris Oppermann Stern
February 1, 2018
Four Western Convenience stores sell for $7.98 million
Adams County Property Location: 2301 E. 88th Ave., Thornton, 2387 W. 72nd Ave., Westminster, 9190 Huron St., Thornton, 1351 E. Bridge St., Brighton Property Description: 1) 2,467-sf C-store, YOC 1987; 2) 1,054-sf C-Store, YOC 1966; 3) 1,713 sf C-Store and car wash, YOC 1971; 4) 2,625 sf C-Store & 1,000-sf car wash, YOC 2017 Land…
John Winslow
February 1, 2018
California retail investor acquires Tamarac Shopping Center for $20 million
Denver County Property Location: 7777 E. Hampden Ave. & 3333 S. Tamarac St., Denver, “Tamarac Shopping Center” Property Description: 68,534-sf shopping center, YOC 1976 Land Size: 7.21 acres Sales Price: $20M, or $291.83 per sf Reception No.: 2017164598 Closing Date: 12/18 Grantor: AIP Properties #1 LP c/o DDR Grantee: Tamarac Shopping Center 17 A LLC…
John Winslow
January 31, 2018
Ohio investment group snags 1980s apartments for $50 million
Arapahoe County Property Location: 4957 S. Prince Court, Littleton, “Summit Riverside Apts.” Property Description: 248-unit, three-story apartment with 198,032 rentable sf, YOC 1987, frame (22 studios, 144 one-bedroom units and 82 two-bedroom units) Land Size: 10.049 acres Sales Price: $50M, or $201,613 per door, or $252.48 psf Reception No.: D8007969 Density: 24.68 dwelling units per…
John Winslow
January 30, 2018
Centennial flex building changes hands in $10.16M transaction
A group that took a Centennial office/flex building from cold-shell condition to 95 percent occupancy sold the property to a California buyer for $10.16 million. ME Landings LLC, made up of David J. Erb & Co. and Montex LLC, bought the 81,946-square-foot Centennial Technology Place at 6912 S. Quentin St. from a lender in 2011.…
Kris Oppermann Stern
January 29, 2018
Denver industrial property trades for $1.13 million
Denver County Property Location: 4925 E. 38th Ave., Denver Property Description: 6,712-sf industrial building, YOC 1956, masonry construction, heavy power and refrigeration/cooling Land Size: 18,002 sf Sales Price: $1.13M, or $167.61 psf Reception No.: 2018007665 Closing Date: 1/19 Grantor: John W. Campbell IV & Molly S. Campbell Grantee: RZ Boru Family Holding, Richard O’Brien, mgr.,…
John Winslow
January 29, 2018
Broe Real Estate to inject life into large campus in Longmont
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Kris Oppermann Stern
January 28, 2018
