SCL Health Systems lands prime Wheat Ridge site
Jefferson County Property Location: Northwest corner Interstate 70 & W. 40th Ave., also fronts northeast side Clear Creek Drive Property Description: Vacant land Land Size: 26.6239 acres Sales Price: $11.59M, or $10 per sf Reception No.: 2018065902 Closing Date: 7/18 Grantor: Evergreen Clear Creek Crossing LLC (Tyler Carlson, EVP), 303-757-0401 Grantee: Sisters of Charity of Leavenworth Health System Inc., 500 Eldorado…
John Winslow
August 10, 2018
Southeast I-25 corridor industrial building commands $11.1 million
Arapahoe County Property Location: 6981 S. Quentin St., Centennial Park Business Center II Property Description: 76,756-sf warehouse, YOC 2001, concrete Land Size: 5.724 acres Sales Price: $11.1M, or $144.61 psf Reception No.: D8062035 Closing Date: 6/20 Grantor: Centennial Park LLC (Bruce E. Tabb, mbr.) Grantee: Realty Associates Fund XI Portfolio LP, c/o TA Realty, Boston,…
John Winslow
August 7, 2018
Faegre Baker Daniels signs lease at 1144 Fifteenth
Faegre Baker Daniels will move its Denver office to the Hines Building at 1144 15th Street near historic Union Station in Denver’s Lower Downtown in early spring. The firm signed a 58,000-square-foot lease in the 40-story building, which is the city’s fifth tallest and the first of its kind to be built in Denver in…
CREJ
August 6, 2018
Redstone Group buys Tamarac Plaza
Tamarac Plaza sold for more than $45.3 million, marking the Canadian buyer’s first investment in the Denver market. The acquisition gives Redstone Group, one of British Columbia’s largest private commercial real estate companies, 335,269 square feet of office space in three buildings along East Hampden Avenue, just off Interstate 25. The seller, Parallel Capital Partners…
Kris Oppermann Stern
August 6, 2018Airport submarket in 16th year of positive absorption
Denver’s industrial market has seen positive absorption every quarter for more than eight years, and rental rates have climbed to record highs. But even more impressive is what’s happened in the airport submarket – by far the largest industrial submarket in metro Denver. Although the 82.64 million-square-foot submarket had no new deliveries and just over…
Kris Oppermann Stern
August 2, 2018
Rejuvenated Northglenn retail center sells for $4.35M
Adams County Property Location: 1000 W. 104thAve., Northglenn Property Description: 57,442-sf retail building, YOC 1978, to be renovated prior to occupancy of the space Land Size: 4.5 acres Sales Price: $4.35M, or $75.73 psf Reception No.: 55801 2018 Closing Date: 7/11 Grantor: Evergreen – 104thand Huron LLC (Doug Leventhal, mgr.) Grantee: MNG II LP, c/o Midtown National…
John Winslow
August 2, 2018
Sale-leaseback of ‘iconic’ Denver Diner Restaurant yields $3.5 million
Denver County Property Location: 740 W. Colfax Ave., Denver, “Denver Diner” Property Description: 3,646-sf restaurant, YOC 1966, *renovated in 2016 Land Size: 16,287 sf Sales Price: $3.5M, or $959.96 psf Reception No.: 2018085719 Closing Date: 7/11 Grantor: George Skordos Grantee: 740 West Colfax LLC (Chad A. Brue, mgr.) 303-500-8959 Financing: $1.44M payable to MidFirst Bank Comments: *Fire…
John Winslow
July 31, 2018
Pinnacle Real Estate Advisors sells East Denver office building
Denver County Property Location: 3570 E. 12thAve., Denver, “Monroe Professional Building” Property Description: 12,500-sf office building, YOC 1965/renovated in 2013 Land Size: 11,989 sf Sales Price: $3.37M, or $269.60 psf Reception No.: 2018086227 Closing Date: 7/12 Grantor: Monroe Professional Building LLC (Gurinder Gill, mgr.) Grantee: Monroe Holding LLC (Lauran & Scott Landen, mgrs..), 303-355-2620 Financing: $2.53M payable…
John Winslow
July 30, 2018
Elevation Development begins construction of 260 N. Josephine
A distinctive Class AA office building with large outdoor terraces and “unbelievable” northwesterly views is coming to Cherry Creek North. Elevation Development Group just broke ground on the building at 260 N. Josephine with three full-floor tenants lined up. “Denver is not an easy preleasing town. We were able to get significant preleasing just because…
Kris Oppermann Stern
July 28, 2018
Neu.works takes co-working to heart of Cherry Creek
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Kris Oppermann Stern
July 27, 2018
