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City and county of Denver closes on disputed property for $3.8 million

Denver County Property Location: 2645 W. Seventh Ave., Denver Property Description: 33,042-sf warehouse, YOC 1970, twin-tee construction, to be used for possible homeless shelter overflow Land Size: 1.145 acres Sales Price: $3.8M, or $115.00 psf Reception No.: 2017149981 Closing Date: 11/15/2017 Grantor: 2601-2605 W. 7th Ave LLC, Katherine B. Dudden, Bret Kaup, Amber Kaup Grantee:…

John Winslow

January 26, 2018

Mile High Ambulance resuscitates Commerce City property

Adams County Property Location: 8451 Brighton Road, Commerce City Property Description: 9,600-sf industrial building with five drive-in doors, YOC 1996, metal construction; 4,000-sf office building, YOC 1968, metal construction; & 2,159-sf warehouse, YOC 1962, metal construction (total 15,759 sf - three bldgs.) Land Size: 1.553 acres Sales Price: $1.9M, or $120.57 psf Reception No.: 2018000006106…

John Winslow

January 25, 2018

Gilliland family assembles remaining 8.1-acre tract near Xcel Energy plant for $3.45 million

Adams County Property Location: 1961 East 64th Ave., Denver (between York and Franklin streets) Property Description: Vacant land, rezoned from A-1 to I-2 in October 2009 Land Size: 8.1127 acres Sales Price: $3.45M, or $9.76 per sf Reception No.: 2018000003356 Closing Date: 1/10 Grantor: WCSC Acquisition Company, Robert Matz, CEO Grantee: Gilliland Family Partners LLLP,…

John Winslow

January 24, 2018

Logan Apartments near state Capitol sells for $16.3 million

Denver County Property Location: 619 Logan St., Denver, “The Logan Apartments” Property Description: 57-unit, five-story apartment building, 34,954 sf, YOC 2012, brick/stucco and wood siding, 49 parking space underground garage plus two open spaces Land Size: 17,425 sf Density: 142.5 units per acre Sales Price: $16.3M, or $285,965 per unit, or $466.33 psf Reception No.:…

John Winslow

January 23, 2018
16600 Table Mountain Parkway

Industrial portfolio draws $51 million

One of the world’s largest investment managers paid $51 million, or $104.94 per square foot, for a multitenant industrial portfolio in Denver and Golden. The 485,984-square-foot portfolio consisted of Bryant Street Quad and 6400 Broadway in central Denver, along with 16600 Table Mountain Parkway in Golden. UBS Realty Investors sold the 100-percent leased assets to…

Kris Oppermann Stern

January 22, 2018
1401 Lawrence

Newly built 1401 Lawrence sets record price for downtown

Pricing for newly constructed Denver office buildings continues to hit record highs – a trend that continued with the sale of 1401 Lawrence. The newest high-rise tower in downtown Denver, the 309,988-square-foot building reportedly sold for around $720 per sf. The previous record was the $677 per sf achieved by the Triangle Building near Denver…

Kris Oppermann Stern

January 21, 2018
105 Edgeview Drive

Gogo Building goes to Invesco for $47.1 million

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

January 21, 2018
400 Centennial Parkway

Louisville office building sells to Boulder investor for $9M

Boulder real estate investor Stephen Tebo of Tebo Development Co. acquired a 41,478-square-foot office building in Louisville for $9 million. The Class A building is located at 400 Centennial Parkway. Uber occupies most of the space. CoBiz Bank also is a tenant. Occupancy was 90 percent at the time of the sale. A locally owned…

Kris Oppermann Stern

January 21, 2018

Denver restaurateur acquires Old Gaylord Street restaurant

Denver County Property Location: 1001 S. Gaylord St., Denver, “Homegrown Tap & Dough” Property Description: 2,676-sf restaurant, YOC 1926, brick construction Land Size: 5,900 sf Sales Price: $2M, or $747.38 per sf Reception No.: 2018002223 Closing Date: 1/5 Grantor: South Gaylord Properties LLC, Laurie Jekel, mgr. Grantee: JPP Properties LLC, Jean Philippe Fallyau, mgr., 720-459-8736…

John Winslow

January 19, 2018

Denver metro industrial portfolio trades for $51.5 million

Denver, Adams & Jefferson counties Address or Location: 1) 2475 W. 2nd Avenue (Denver County), “Bryant Street Quad”; 2) 6400 Broadway, Denver (Adams County); 3) 16600 Table Mountain Pkwy., Golden (Jefferson County) Improvements: 1) 152,890-sf warehouse, YOC 1971, twin-tee construction; 2) 70,141-sf warehouse, YOC 1984, twin-tee construction; 3) 261,825-sf warehouse, YOC 1997, concrete panel Land…

John Winslow

January 18, 2018