Los Angeles-based Lowe purchased 7979 E. Tufts, an 18-story office tower in the Denver Tech Center, for $62.25 million, according to Denver County records. Also known as Stanford Place II, the 366,184-square-foot Class A office building is located off Interstates 25 and 225. Western Union is a major tenant. “Denver is a solid office market…

A 1970s industrial property on the Interstate 70 corridor in Denver changed hands at $14.75 million, or $98 per square foot. BKM Capital Partners bought the 150,245-sf Crossroads Distribution Center from Denver based Kew Realty. BKM, a Newport Beach, California-based institutional fund manager, will spend approximately $1.2 million on capital improvements to the property at…

A buyer new to Colorado and planning to expand its presence paid $12.5 million for a Kohl’s-anchored building on the Harmony Road corridor in Fort Collins. Hartland, Wisconsin-based Investors Associated LLP was selected from a pool of buyers to acquire the 115,862-squarefoot building at 813-831 E. Harmony Road. Kohl’s occupies approximately 100,000 sf of the…

ASB Real Estate Investments completed one of the largest industrial property acquisitions in Denver this year with the $72 million purchase of three buildings in the airport submarket. The 633,193-square-foot portfolio included a 406,959-sf distribution building at 22100 E. 26th Ave. in Aurora, leased by Subaru of America; 9410 Heinz Way in Commerce City, a 140,630-sf building leased to Home Depot USA; and an 85,604-sf building that Old West Mattress Co. leases at 18300 E. 28th Ave. in Aurora. The average weighted lease term remaining is 3.1 years.

TerraCap Management LLC made its second acquisition in the Denver market with the $77.52 million purchase of Centerpoint I & II at Interstate 25 and Colorado Boulevard. The Florida-based real estate investment management firm bought the Class A office towers from Investcorp and Schnitzer West, which renovated the buildings after acquiring them three years ago.…

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A retail center with Northern Colorado’s only Whole Foods store sold for $23.75 million, which equates to a price of $347.56 per square foot. University Center, located at 2201 S. College Ave., is leased to the natural grocery store and to Wilbur’s Total Beverage, reportedly one of Fort Collins’ top-performing liquor stores on a sales-per-sf…

ASB Real Estate Investments has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet in Denver’s Airport submarket for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. A Blackstone affiliate, Link Properties, was the seller. Fully leased to Subaru of America, Home Depot, and Old West Mattress Company respectively, the three buildings include 22100 E. 26th Ave. (406,959 sf) in Aurora, 9410 Heinz Way (140,630 sf) in Commerce City and 18300 E. 28th Ave. (85,604 sf) in Aurora.

A mission-critical operations center leased to the top oil and gas producer in the Denver-Julesburg Basin sold for $32.5 million, or $282 per square foot. Occidental Petroleum Corp., which recently acquired Anadarko Petroleum Corp., occupies the entire two-story, 114,524-square-foot building, located at 501 N. Division Blvd. in Platteville. Occidental has more than a decade remaining on its lease. Platteville Energy Partners I LLC sold the property. The buyer’s name wasn’t disclosed, but Weld County records list it as CIM OFC Platteville CO LLC, which apparently is affiliated with Phoenix-based CIM Group.

Investcorp and Schnitzer West announced that TerraCap Management, a privately held investment firm with its headquarters in Estero, Florida, has purchased Centerpoint I & II in Denver for $77.5 million. Centerpoint I & II occupy a combined 3.6 acres at the intersection of Colorado Boulevard and Interstate 25, midway between downtown Denver and the Denver Tech Center. Tenants have access to walkable amenities and light-rail. Centerpoint I is a 168,486-square-foot, 14-story office tower and Centerpoint II is a 205,534-sf, 16-story tower. Schnitzer West and Investcorp purchased the adjacent Class-A towers in 2016.