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10700 and 10800 E. Geddes Ave.

New owner to renovate, rebrand Dry Creek office buildings

An opportunistic investor picked up a pair of Englewood office buildings in an $18.2 million value-add deal. Dry Creek Property LLC, owned by a fund managed by Westport Capital Partners LLC, purchased 10700 and 10800 E. Geddes Ave. from Colony Northstar Inc. affiliate Dry Creek II & III Holdings-2 LLC. The buildings total 185,957 square…

Kris Oppermann Stern

December 4, 2017
17455 E. Exposition Drive

Tritower secures third building leased to a defense contractor

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

December 4, 2017

User pays $10.65 million for industrial building

Adams County Address: 21200 E. 36th Drive, Aurora Improvements: 122,511-sf industrial facility, YOC 2016, 32’ clear, ESFR sprinklers, 12 dock doors, 2 drive-in doors, 89 parking spaces Land Size: 6.4 acres Date of Recording: 11/13 Reception No.: 101561 2017 Price: $10.65M, or $86.53 psf Grantor: Opus Development Company LLC, Dave Everson, VP Grantee: STIHL Inc.,…

John Winslow

December 4, 2017
7979 E. Tufts Ave.

Western Union takes another 85,547 square feet in Denver

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

December 4, 2017
MainStreet at Flatiron

MainStreet at FlatIron buildings change hands at $54.19 per sf

A Boulder investment group that paid $54.19 per square foot for MainStreet at FlatIron in Broomfield says the center’s vacant space already is drawing good activity. The group led by Scott Pudalov paid $5.08 million, or $54.19 per square foot, for the 93,657-sf office/retail center at 520 and 549 Zang St., across from FlatIron Crossing…

Kris Oppermann Stern

December 4, 2017
Uptown Broadway

Cardinal comes home with $35M apartment purchase in Boulder

A Denver company with thousands of apartment units across the country paid $35 million, or $301,724 per unit, for its first Boulder asset. Cardinal Group Investments purchased Uptown Broadway from an affiliate of Los Angeles-based CityView. The transaction included 116 units in 10 buildings at 4590 13th St. Uptown Broadway also has 32 affordable-housing units…

Kris Oppermann Stern

December 3, 2017
Prentice Point

Prentice Point trades at $34.98 million

The Prentice Point office building in the Denver Tech Center sold in a $34.98 million value-add deal. An affiliate of Rialto Capital Management, a Miami-based investment and asset management company, bought the 213,152-square-foot building at 5299 DTC Blvd. from a partnership of AllianceBernstein and SteelWave Inc. The building was 77.3 percent occupied, offering upside in…

Kris Oppermann Stern

December 3, 2017

Land trades for townhome development

Denver County Address: North side W. 24th Ave., 200’ east of Decatur St. (2739 W. 24th Ave.), Denver Improvements: Vacant land, 16 townhomes planned with floorplans including 1,332 sf, 1,488 sf & 1,680 sf Land Size: 17,850 sf Date of Recording: 11/17 Reception No.: 2017152348 Price: $2.38M Grantor: 24th Ave LLC, Richard Scott Easton, mgr.…

John Winslow

December 1, 2017

Rockies step up to plate with mixed-use development

Colorado-based architectural design firm Stantec has showcased renderings and initial timelines alongside preliminary plans to transform the West Parking Lot at 19th and Wazee streets in Denver into a major mixed-use environment spanning an entire city block. Highlighted by a Colorado Rockies Hall of Fame facility and an outdoor gathering plaza, the development also will…

CREJ

November 30, 2017

Downtown Denver office/retail building yields $5.3 million

Denver County Address or Location: 1641 California St., Denver Improvements: 19,121-sf, three-story office building plus lower-level retail area, YOC 1978, renovated in 2013, brick construction Land Size: 6,262 sf Date of Recording: 11/7 Reception No.: 2017151623 Price: $5.3M, or $277.18 psf Grantor: 1641 California LLC, c/o NAS Properties LLC, Nathan Schnabel, mgr. Grantee: J&G 1641…

John Winslow

November 30, 2017