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, 2017Tritower secures third building leased to a defense contractor
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Kris Oppermann Stern
December 4, 2017User 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, 2017Western Union takes another 85,547 square feet in Denver
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Kris Oppermann Stern
December 4, 2017MainStreet 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, 2017Cardinal 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, 2017Prentice 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, 2017Land 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, 2017Rockies 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, 2017Downtown 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