A user paid $16 million for a build-to-suit in Encompass Business Park, where a new speculative industrial building is being delivered and plans for another 171,000 square feet are underway. Rincon Research Corp., a defense contractor, exercised an option to buy the office building it occupies at 7140 S. Potomac St. in the Centennial business…

The city of Westminster is partnering with developer Schnitzer West to bring 650,000 square feet of office development to two sites in Downtown Westminster. The first building will include ground floor retail with six to seven stories of office space above. It will be located in the heart of the 105-acre redevelopment site, which houses Alamo Drafthouse, 600 residential units that are either completed or under construction, and an Origin Hotel slated for completion in early 2020. Downtown Westminster is on the west side of U.S. Highway 36 at the Sheridan Boulevard interchange.

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A local investment group picked up a value-add office building in Inverness Business Park for $6.5 million. I 23 LLC bought the 56,465-square-foot building at 23 Inverness Way East in Englewood for $115.12 per sf. It was just over 65% occupied at the time of the sale. “This investment group is going to reposition the…

Checkr Inc. signed an 11-year lease for 92,447 square feet of office space at the 18th Street Atrium in Lower Downtown Denver. The San Francisco-based background check company selected Denver for its second headquarters earlier this year and has been operating out of co-working space. The first phase of build-out at the Atrium, located at…

The Boulders achieved what appears to be a record price for a 1990s apartment community, giving the buyer a unique opportunity to add value in a high-barrier-to-entry market. Global real estate company Heitman paid $62.5 million for the 161-unit community at 2850 Kalmia Ave. in Boulder. The price per unit, $388,199, is believed to be…

Broe Real Estate Group is continuing its momentum in the medical office arena with the acquisition of a 41,030-square-foot office building on 4.66 acres in Littleton. Broe plans to repurpose the office building at 1501 W. Mineral Ave. as medical office space to fill a growing need for medical services in Douglas County. Douglas County’s 19.4% growth since 2010 has outpaced every other metro Denver county, creating increased demand for medical services, the company said.

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A Boston-based real estate investment and management company added to its Boulder County portfolio with the $21.2 million purchase of the GHX World Headquarters in Louisville. Tritower Financial Group bought the 106,877-square-foot building at 1315 W. Century Drive from Lexington Realty Trust for $198.36 per sf. “This is our fourth investment in Boulder and the route 36 corridor. We love the market, and we thought there was a great opportunity to buy this building and help GHX grow in the market, and in the building itself,” said Tod Brainard, Tritower partner and director of acquisitions.