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Nuveen snags Denver CBD office tower for $110.9 million

Denver County Property Location: 1600 Broadway, Denver Property Description: 444,595-sf, 26-story office building, YOC 1971, LEED Gold certified, Energy Star building with 350 parking spaces in a three-level underground parking garage Land Size: 40,075 sf Sales Price: $110.9M, or $249.44 psf Reception No.: 2019003682 Closing Date: 1-10-19 Grantor: LBA Realty Realty Fund II WBP IV LLC (Steven R.…

John Winslow

January 21, 2019
Country Club Corners

North College retail strip center trades for $2.49 million

The lack of a grocery anchor didn’t dampen investor interest in a 16,923-square-foot retail strip center in Fort Collins. Country Club Corners, a 100 percent-leased center at 1612 N. College Ave., saw “at least 25 to 30 inquiries” due to the smaller size of the deal and the lack of competing product available in Northern…

Kris Oppermann Stern

January 21, 2019
The Forum

High-profile Forum office building trades for $14.25 million

A high-profile office building with value-add potential sold to a Colorado investor for $14.25 million, or $81.60 per square foot. HCF Forum LLC bought the Forum, a 174,622-sf building at 14001 E. Iliff Ave. in Aurora, from Forum Three LLC. The seven-story building, visible along Interstate 225, was 76 percent occupied. Marc Lippitt “It’s a…

Kris Oppermann Stern

January 20, 2019
Park Technology Center

Benedetti buys Park Technology Center for $19.3 million

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

January 18, 2019
Kudla

Kudos for Kudla

Peter Kudla is not just a veteran Denver developer. In addition to developing a wide range of projects, Kudla is a raconteur and bon vivant. “Some people know me more for my cooking than for my developments,” Kudla told Rebchook Real Estate Watch  earlier this week. It’s also safe to say that Kudla, 65, the…

Kris Oppermann Stern

January 18, 2019

50-year-old Englewood bar sold to Littleton investor for $480,000

Arapahoe County Property Location: 3142 W. Hampden Ave., formerly “Too Drinks Lounge” Property Description: 1,916-sf bar/restaurant, YOC 1965, masonry construction Land Size: 16,105 sf Sales Price: $480,000, or $250.52 psf Reception No.: D9000162 Closing Date: 12/31 Grantor: Elias B. Andrade Grantee: Big Time Properties LLC (Anthony Acosta, mgr.) Financing: Cash Comments: Listed by John Hernandez Realty, Desiree Flores, 720-338-8107 Comp…

John Winslow

January 17, 2019

Englewood retail condominium investment on South Broadway sold for $2.25 million

Arapahoe County Property Location: 3401 S. Broadway, Englewood, “Broadway Lofts” Property Description: 6,073-sf retail condo building, YOC 2017, masonry construction Land Size: 7,576 sf Sales Price: $2.25M, or $370.49 psf Reception No.: D9000352 Closing Date: 1/2 Grantor: Drake Englewood Partners LLC (Jonathan Power, mgr.) Grantee: Gardner Development LLC (Sheldon & Amber Gardner, mgr.), Montrose Financing: $1.55M @ 5.5% payable to FirstBank,…

John Winslow

January 16, 2019
triple

Triple-net investing hits home at CREJ event

When is a triple a home run? When you are talking about triple-net, or NNN, investments. “The triple-net market is doing really well. We had record sales of triple-net properties last year,” said Drew Isaac, a broker at Marcus & Millichap. Isaac will present and moderate at the 2019 Single Tenant, NNN Conference & Expo…

Kris Oppermann Stern

January 15, 2019

E-Trade building in Centennial sold to Hawaiian investor for $16.9 million

Arapahoe County Property Location: 7103 S. Revere Parkway, Centennial Property Description: 58,405-sf office building, YOC 1984, masonry construction Land Size: 4.811 acres Sales Price: $16.89M, or $289.25 psf Reception No.: D9000889 Closing Date: 1/2 Grantor: Xchange Solutions Inc. for TCA Stephen Finn, Trust Company of America Inc. Grantee: WPC Centennial LLC (Honolulu, Hawaii 96815) Financing: Cash Comments: Property was listed by Brad…

John Winslow

January 15, 2019

Social Security building in Littleton sold to California investor

Arapahoe County Property Location: 8000 Southpark Lane, Littleton Property Description: 12,064-sf office (single-tenant) YOC 2001, brick construction Land Size: 1.25 acres Sales Price: $2.81M, or $233.14 psf Reception No.: D9000995 Closing Date: 1/2 Grantor: Southpark 8000 LLC (Gary Mandelbaum, mgr.) Grantee: I&J Partnership, c/o ICO Investment Group Inc., Alexander Moradi, mbr., 9301 Wilshire Blvd., Suite 315, Beverly Hills, CA 90210,…

John Winslow

January 14, 2019