Apartment developer buys site for 325 units at Arista

An 11.3-acre site in Arista sold to an apartment developer for $7.2 million. STAR Broomfield LLC, which is affiliated with Steadfast Cos., purchased the vacant land along the east side of Wadsworth Boulevard between Arista Place and Parkland Street for a 325-unit development recently approved by Broomfield City Council. Irvine, California-based Steadfast Cos. owns and…

Jill Jamieson-Nichols

April 27, 2020

Beacon connects the dots with downtown value-add acquisition

Beacon Capital Partners acquired what will be a blank slate at 1740 Broadway, as Wells Fargo moves to new space around the corner. Wells Fargo sold the approximately 111,300-square-foot building and atrium, where it has a retail branch and offices, to Beacon for $7.15 million. The bank will be significantly downsizing and relocating its branch…

Jill Jamieson-Nichols

April 27, 2020

Investors pay $5.7 million for Littleton office buliding

A pair of investors bought a 50,403-square-foot office building in Littleton with some loyal and growing tenants. Bridle Dale LLC, led by a Denver investor, paid $5.7 million, or $113.09 per sf, for the Columbine Office Building at 6901 S. Pierce St. Columbine Valley Corp. was the seller. Bob Pipkin “At the time it went…

Jill Jamieson-Nichols

April 20, 2020

Lincoln Property launches Ascent Commerce Center near DIA

Lincoln Property Co., in partnership with a private real estate fund advised by Crow Holdings Capital, has broken ground on a 594,400 square foot speculative industrial development in Commerce City. Ascent Commerce Center is a Class A warehouse/distribution center on a 33.2-acre site at Tower Road and East 84th Avenue. The three-building, approximately $55 million…

Jill Jamieson-Nichols

April 16, 2020

Bancroft Capital zeros in on west office market

Bancroft Capital Advisors Inc. is zeroing in on Denver’s west metro submarket, closing on one office building and securing deals to buy three more. Bancroft’s latest acquisition is Union Terrace, an 84,145-square-foot building off the Union Boulevard corridor in Lakewood. The company paid $11.33 million, or $134.61 per sf, for the building with plans to…

Jill Jamieson-Nichols

April 13, 2020

Investment adviser pays $10 million for southeast asset

A Chicago-based real estate investment adviser secured a southeast suburban industrial building in a $10 million transaction. Lincoln Advisory Group, through Columbia Industrial Acquisition Company LLC, purchased the 63,550-square foot property at 8644 S. Peoria St. in Englewood. The seller was Gordon Development LLC, which is affiliated with the building’s anchor tenant, Gordon Plastics LLC.…

Jill Jamieson-Nichols

April 13, 2020

Industrial building on Santa Fe corridor trades for $7.76 million

A local buyer acquired a large industrial building along the Santa Fe corridor in Denver with an eye on transforming a portion of it into a sports facility for youths from low-income neighborhoods. A group led by Bill Bivens of Gibraltar Property Management purchased the 95,063-square-foot building at 1377-1401 S. Jason St. for $7.76 million.…

Jill Jamieson-Nichols

April 5, 2020

DPC Cos. buys 4601 DTC from longtime owner LBA Realty

LBA Realty parted with a Class A office building that it had owned for more than 20 years. LBA sold 4601 DTC Blvd. to Denver-based DPC Cos. for $46 million. The 249,449-square-foot building is located in the northern end of the Denver Tech Center, an area in which DCP has been active over the last…

Jill Jamieson-Nichols

March 30, 2020

TerraCap buys Cherry Creek Plaza at $54.5 million

TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot. The 335,059-sf office property is the Florida-based company’s third acquisition in just over six months. TerraCap bought Denver Corporate Center II and III for $71.71 million last August, following up with…

Jill Jamieson-Nichols

March 29, 2020

Interlocken office building changes hands

A diverse group of investors purchased a multitenant flex/research-and-development building in Broomfield in an $11.2 million transaction. The 65,127-square-foot building at 295 Interlocken Blvd. was 100% occupied by tenants that include environmental consulting firm SWCA Inc., software company Nutrislice Inc. and a variety of other tenants in the technology, food and transportation industries. Silverwood Investments…

Jill Jamieson-Nichols

March 20, 2020