U.S. Bank targets former Arrow campus for expansion
U.S. Bank is on target for expansion in the Denver area after acquiring a pair of former Arrow Electronics buildings for $17.75 million. Arrow sold the buildings at 7459 S. Lima St. and 79 Inverness Drive East in Englewood within days of relocating to its new headquarters in Centennial. U.S. Bank will move more than…
Kris Oppermann Stern
July 31, 2017
Luxury apartments in Englewood sell for $127.4 million
Arapahoe County Land Size: 5.85 acres Date of Recording: 7/11 Reception No. D7079625 Price: $127.4M, or $424,667 per unit, or $341.65 psf Grantor: Kent Place Associates LLC, John A. Woodward, mgr. Grantee: Kent Place Holdings LLC by: J.P. Morgan Investment Management Inc., New York City, NY 10104 Financing: Assumption of $42.84M note payable to AXA…
John Winslow
July 31, 2017
Wall Development acquires northeast Denver site for Sherwin-Williams store
Denver County Address or Location: Northwest corner Tower Road & E. 46th Ave., Denver Improvements: Vacant land Land Size: 34,134 sf Date of Recording: 7/13 Reception No. 2017092220 Price: $700,000, or $20.43 psf Grantor: C.P. Bedrock LLC by Tickly Bender Dev LLC, Christopher Flagg, VP Grantee: WDG Tower c/o Wall Development Group, James D. Wall,…
John Winslow
July 28, 2017
Baker district site scores nearly $152 per square foot
Denver County Address or Location: 346-360 Acoma St., Denver Improvements: 33,016-sf office building, YOC 1964, brick (land value) Land Size: 40,366 sf Date of Recording: 7/13 Reception No. 2017092257 Price: $6.13M, or $151.86 psf Grantor: Mi Casa Resource Center Grantee: VCMRE 360 LLC, Paul E. Slye, mgr., (by: Vukota Capital) Financing: $4.4M payable to Shames…
John Winslow
July 27, 2017
L&B Realty Advisors acquires new Inverness office building for $365.56 per square foot
Arapahoe County Address or Location: 86 Inverness Place North, Englewood Improvements: 36,383 sf, two-story office building, YOC 2016, masonry veneer Land Size: 3.021 acres Date of Recording: 7/6 Reception No. D7077087 Price: $13.3M, or $365.56 psf Grantor: SHQ LLC, George E. Rigby III, mgr., & Greg Schmidt, CEO of Saunders Construction Company, 303-699-9000 Grantee: 86…
John Winslow
July 26, 2017
Water conservation key to Sterling Ranch
Water. While much has been written about affordable housing and the acute labor shortage, as pressing as these problems are, they take a backseat to water. Without water, development and growth in a semi-arid region like the Front Range, grinds to a halt. But water, like the ever-changing weather in Colorado, seems to be something…
Kris Oppermann Stern
July 26, 2017
Castle Rock investors snaps up Dove Valley warehouse for nearly $293 psf
Denver County Address or Location: 7759 S. Wheeling Ct., Englewood Improvements: 25,050-sf industrial building, YOC 2012, concrete Land Size: 8.744 Acres Date of Recording: 7/3 Reception No. D7074550 Price: $7.33M, or $292.62 psf Grantor: BDC II, Craig R. Benes & Chris Reynolds, mgrs., 303-741-4500 Grantee: PTREH LLC, Michael W. Evans, mgr. Financing: $5.49M, due 7-3-27,…
John Winslow
July 25, 2017
California family trust acquires Castle Rock shopping center for $1.93M
Douglas County Address or Location: 611 Wilcox St., Denver Improvements: 9,035-sf, two-story office-retail building YOC 1999 Land Size: 11,986 Date of Recording: 6/30 Reception No. 2017045190 Price: $1.93M, or $213.06 psf Grantor: Victorian Center LLC, Toni Hesse, mgr. Grantee: Steve and Loretta Scheenstra Trust, 5311 Avenue 272, Visalia, CA 93277 Financing: $962,500 payable to ANB…
John Winslow
July 24, 2017
Dallas developer acquires site in northwest Denver for $1 million
Denver County Address or Location: 3930 W. 38th Ave., Denver Improvements: land value Land Size: 11,986 sf Date of Recording: 7/7 Reception No. D7077087 Price: $1M, or $83.43 psf (land value) Grantor: Sonrisa Holdings LLC, Eugene R. Lucero, mgr. Grantee: LG Perry 38th Highlands LLC c/o Leon Capital Group, 214-865-8082 Financing: Cash Comments: The APN…
John Winslow
July 21, 2017
Land for proposed FedEx building trades
Adams County Address or Location: 8871 Yosemite St., Commerce City Land Size: 3.214 acres Date of Recording: 6/29 Reception No. 55996 Price: $1.8M, or $213.06 psf Grantor: Rocky Crest Enterprises LLC, William Kinney, mbr. Grantee: FedEx Ground Package System Inc. Financing: Cash Comments: Proposed new FedEx Building, see APN: 1721-21-0-05-025 Comp of the Day is…
John Winslow
July 20, 2017
