Arrow Electronics World HQ building trades for $40.1M

The Arrow Electronics World Headquarters building in Centennial changed hands for $40.1 million, or $312.06 per square foot, according to Arapahoe County records. The buyer a Florida-based asset management company, Kawa Capital Management. “Kawa is excited to announce the acquisition of the Arrow property,” said Dan Amer, director of investments at Kawa Capital Management. “The…

Jill Jamieson-Nichols

May 16, 2019

Roofing materials firm leases 117,826 square feet

A roofing materials distributor signed a lease for 117,286 square feet of industrial space in Aurora. Beacon Sales leased the available space at 14200 Moncrieff Place, bringing the building to 100 percent occupancy. Fuelco occupies the remaining 82,000 sf. The building features rail service, a 4.5-acre yard and ESFR sprinkler system. Mike Wafer and Michael…

Jill Jamieson-Nichols

May 16, 2019
2333 Arapahoe

Investment group buys Naropa student housing for $4.5 million

A building developed to house students at Naropa University sold to a Denver-based group for $4.5 million, or $250,000 per bed. The building at 2333 Arapahoe Ave. in Boulder consists of 18 rooms and 28 beds, a common kitchen, lounge and laundry areas, parking, bike storage, and two rooftop decks. It is just down the…

Jill Jamieson-Nichols

May 15, 2019

JAG breaks ground on first phase of logistics center at DIA

J.A. Green Development Corp. has broken ground on the approximately 1 million-square foot first phase of JAG Logistics Center at DIA, a 250-acre industrial park immediately south of Denver International Airport, or DEN. The first phase is located on 75 acres at the Porteos development, which is in one of Aurora’s five opportunity zones. It…

Jill Jamieson-Nichols

May 15, 2019

Prologis buys Paulino Gardens site for possible future redevelopment

Prologis has acquired the Paulino Gardens property at 6300 N. Broadway in Denver in a $12.2 million transaction. Prologis bought the 14-acre site from Paulino Gardens Inc. and Paulino LLC. The property houses one of Colorado’s largest garden centers, which has been in business for 58 years and will continue to operate for the time…

Jill Jamieson-Nichols

May 12, 2019
Westcreek

Hotel, apartments, condos under construction at Westcreek

Development activity is heating up at Westcreek, a 20-acre mixed-use project at the southwest corner of Parker Road and E-470 in Parker. Westcreek master developer NexGen Properties is delivering a hotel, condominiums, apartments, restaurants and retail to the site, providing density, mixed-use buildings and an urban environment to an area historically lacking all three. The…

Jill Jamieson-Nichols

May 11, 2019
18245 E. 40th Ave.

Growing Denver beverage distributor leases 155,775 sf

A Colorado- and Utah-based beverage distributor leased a 155,775-square-foot building in Aurora in one of the largest industrial lease transactions so far this year. New Age Beverages Corp., a publicly traded company that distributes natural and organic drinks including kombucha, coconut water and other products, leased the building at 18245 E. 40th Ave. in Gateway…

Jill Jamieson-Nichols

May 4, 2019

Rocky Mountain Real Estate Challenge teams find common ground; DU defends title

The University of Denver defended its title at the 17thannual Rocky Mountain Real Estate Challenge Thursday night with its proposed redevelopment plan for The Denver Shops, a 40.5-acre industrial property in Globeville. Finalist teams from both DU and the University of Colorado were on the same wavelength in this year’s NAIOP Colorado competition, looking to…

Jill Jamieson-Nichols

May 3, 2019
Longmont Medical Campus

New owner plans to invest in Longmont Medical Campus

An investment group that turned around a medical office building in Boulder will try the same procedure with a Longmont building it just purchased for $10.6 million. Profere Partners LLC, led by Scott Pudalov, bought Longmont Medical Campus at 1551 Professional Lane with plans for a capital infusion aimed at boosting occupancy. The approximately 104,850-square-foot…

Jill Jamieson-Nichols

April 28, 2019
169 Inverness

Beacon Capital Partners acquires 169 Inverness for $27 million

A newly completed Inverness office building that is yet to be leased sold for $27 million, or $233.04 per square foot. Boston-based Beacon Capital Partners, which owns several Denver office buildings, bought 169 Inverness in Englewood from an Artis REIT affiliate. Artis, in conjunction with Trammell Crow Co., completed the four-story, 115,859-square-foot building last year.…

Jill Jamieson-Nichols

April 26, 2019