Union Tower

Cress Capital buys Union Tower with plans to continue upgrades

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Jill Jamieson-Nichols

December 31, 2017
Granite Place at Village Center

Granite Place achieves record price per square foot

Granite Place at Village Center set a new high-water mark for southeast suburban office product at a sales price of $423.78 per square foot. Arapahoe County records show Crestone Partners and an institutional partner paid $126.95 million for the newly completed Class AA building, a speculative project that was fully leased prior to delivery. Granite…

Jill Jamieson-Nichols

December 31, 2017
Waterpark campus

Kaiser makes long-term financial move with Waterpark II & III

Kaiser Permanente’s acquisition of 210,848 square feet of office space in Aurora was driven by cost savings and efficiencies, according to the company’s real estate manager. Kaiser bought Waterpark II and III at 2350 and 2550 S. Parker Road for $25.32 million, according to public records. The health care provider operates in about 60 percent…

Jill Jamieson-Nichols

December 31, 2017
Timberline self-storage

Self-storage company adding 1,700 units in three NoCo projects

A company that develops self-storage facilities in Colorado and Texas is continuing a push into the Northern Colorado market. Grow Your Storage Development LLC recently opened the 541-unit Timberline Self Storage and is starting construction of South College Self Storage, with 708 units, both in Fort Collins. The company also is in the entitlement process…

Jill Jamieson-Nichols

December 31, 2017

Greenwood Village office tower sells to Crestone for $126.9 million

Arapahoe County Address: 5175 S. Willow St., Greenwood Village, “Granite Place at Village Center” Land Size: 5.24 acres Improvements: 10-story, 299,702-sf office building, YOC 2017 Date of Recording: 12/13 Reception No.: D7141073 Price: $126.95M, or $423.59 psf Grantor: GPI-DTC LP, Stephanie Lawrence, slawrence@graniteproperties.com Grantee: Granite Place LLC c/o Crestone Partners LLC, Robert T. “Bob” Flynn…

John Winslow

December 29, 2017

Six-tenant retail center snagged by Denver investor for $2 million

Broomfield County Address: 555 U.S. Highway 287, Broomfield, “Park Plaza Commons” Improvements: 12,407-sf, single-story, six-tenant retail building, YOC 1967 Date of Recording: 12/1 Reception No.: 2017014798 Price: $2M, or $161.20 psf Grantor: J&Y Capital Inc., Bokin IM, pres. Grantee: Park Plaza Associates LLC, Eric R. Miller, mgr. Financing: $1.54M payable to Academy Bank, N.A., Kansas…

John Winslow

December 28, 2017

Golden office building sells for $3.4M to local investor

Jefferson County Address: 607 19th Street, Golden Land Size: 20,860 sf Improvements: 12,031-sf, two-story office building, YOC 1985 (renovated in 2017) Date of Recording: 11/29 Reception No.: 2017121963 Price: $3.3M, or $274.29 psf Grantor: Golden Investment Property LLC (70%), John Bardeen, mgr., & Endurance 607 19th Street LLC (30%), Otto Petty, mbr. Grantee: DS Real…

John Winslow

December 27, 2017

Firm acquires 74,209-sf industrial building in Inverness Business Park for $105 psf

Arapahoe County Address: 24 Inverness Place East, Englewood Land Size: 7.242 acres Improvements: 74,209-sf industrial/flex building, YOC 1980, masonry construction, two exterior loading docks & two drive-in doors Date of Recording: 12/18/17 Reception No: D7142133 Price: $7.79M, or $105 psf Grantor: 24 Inverness/1777 LLC, et. al, Stuart C. Ogilvie, mgr. Grantee: Bonakemi USA Inc., Richard…

John Winslow

December 26, 2017
Arbors at Sweetgrass

OpenPath Investments purchases Arbors at Sweetgrass

There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…

Jill Jamieson-Nichols

December 24, 2017
Turnpike Business Park

California buyer looking to enter market lands 188,077 sf

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Jill Jamieson-Nichols

December 24, 2017