Graham Street Realty buys 2nd set of Denver metro office assets
San Francisco-based Graham Street Realty added to its Denver portfolio with a pair of Englewood office buildings. Pyramid Pointe, a 120,279-square-foot building at 9777 Pyramid Court in Meridian International Business Center, and 384 Inverness, a 51,523-sf building in Inverness Business Park, sold for $19.4 million. Westcore Properties and American Realty Advisors sold the properties in…
Kris Oppermann Stern
December 23, 2017Centum Health buys MetroNorth Office Building for $13.4M
A Colorado company focused on health care real estate purchased an office building in Northglenn. Centum Health Properties paid $13.4 million for the MetroNorth Office Building at 11990 N. Grant St., just north of SCL Health Community Hospital Northglenn. The five-story building is just off Interstate 25 on the 120th Avenue corridor. Currently, the 86,044-square…
Kris Oppermann Stern
December 23, 2017Bedford brings 127-key SpringHill Suites hotel to Colorado Mills
A SpringHill Suites hotel is on its way to the Colorado Mills shopping area. Dallas-based Bedford Lodging will deliver the 127-room hotel in January 2019, catering to business travelers during the week and leisure travelers in the summer and on weekends. The SpringHill Suites Lakewood Golden – Colorado Mills will occupy a 2-acre site at…
Kris Oppermann Stern
December 22, 2017Railhouse Denver acquires 31,250 square feet
Denver County Address: Southwest corner of Inca St. & W. 40th Ave., Denver Land Size: 31,250 sf Improvements: Land value, misc. improvements, 29 units proposed Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $3.45M, or $110.40 psf Grantor: 3931 Inca LLC & 3995 Inca St. LLC, Dennis McLin, mgr., 720-480-9347 Grantee: Railhouse Denver…
John Winslow
December 22, 2017Forest City lands two homebuilders with $1.23M in sales
Denver County Address: 1) Northwest corner Beeler Street & E. 58th Ave., Denver; 2) North of E. 57th Place, and Boston Street Land Size: 8 lots totaling 19,530 sf; 2) 8 lots totaling 22,863 sf Improvements: Vacant lots Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $776,900/$39.78 psf/$97,113/lot; $456,000/ $19.95 psf/$57,000/lot Grantor: FC…
John Winslow
December 21, 20171970s apartment complex fetches $63.7 million
Broomfield County Address: 1030-1049 E. 10th Ave., Broomfield Improvements: 209-unit, three-story apartment complex, YOC 1973 (five buildings); and 213-unit, three-story walk-up apartment complex, 1974, 21 buildings, total 422 units Date of Recording: 12/4 Reception No.: 2017014873 & 2017014878 (2 deeds combined) Price: $63.7M, or $147,000 per door Grantor: FPA5 Birch LLC c/o Trinity Property Consultants…
John Winslow
December 20, 2017Denver retail center acquired by Aurora investors for $7.6 million
Denver County Address: 5135-45 Chambers Road, Denver Land Size: 2.2 acres Improvements: 12,047-sf & 8,707-sf retail buildings (20,754 sf total), YOC 2002 Date of Recording: 12/12 Reception No.: 2017161763 Price: $7.6M, or $366.19 psf Grantor: Gaffey Chambers LLC, c/o Westwood Financial Corp., California Grantee: Kims Investments Inc., Young M. Kim, pres., & Peakview Plus LLC,…
John Winslow
December 19, 2017Upper Fox a prominent wedge of opportunity
Steve Ferris, Founder and principal, Real Estate Garage, Denver Introduction You can find upper Fox Street after crossing Interstate 25 on the Park Avenue West viaduct traveling north, or take the 38th Avenue exit from southbound I-25. There also is a “backdoor” access via 45th Avenue driving west out of Globeville. You also can walk…
Steve Ferris
December 18, 2017Granite Place at Village Center sells for record $423.78 per sf, records show
Granite Place at Village Center, a new, fully leased Class AA office building in the southeast suburban submarket, has a new owner. Holliday Fenoglio Fowler LP arranged $70.68 million in financing on behalf of Crestone Partners LLC for the purchase of the 299,568-square-foot building, which was completed this year. The building is leased to Charter…
Kris Oppermann Stern
December 18, 2017600-unit Aurora apartment complex fetches $96 million
Arapahoe County Address: 11850 E. Maple Ave., Aurora, “Aurora Hills Apartments” Land Size: 47 acres Improvements: 600-unit, two- to three-story apartment complex, 550,264 sf, YOC 1970, 1974 Date of Recording: 12/12 Reception No.: 2017161763 Price: $96M, or $160,000 per door, or $174.46 psf Grantor: 11850 East Maple GP LLC, James Kane, mgr. Grantee: Maple Owner…
John Winslow
December 18, 2017