Denver investor snags 4,100-sf retail building for $720,000
Denver County Property Location: 1545 S. Broadway Property Description: 4,100-sf retail building, YOC 1924, masonry Land Size: 6,248 sf Sales Price: $720,000, or $175.61 psf Reception No.: 2018056574 Closing Date: 5/10 Grantor: Speedy Dog LLC, Marc Lavoie & Dea Lavoie Grantee: Cole Properties LLC, Bryan Bozeman, mgr., 720-722-4040 Financing: $677,620 payable to Collegiate Peaks Bank Division of Glacier Bank…
John Winslow
May 28, 2018
Focus to expand co-working group into suburbs with $10 million buy
Focus Property Group paid $10 million for a Greenwood Village office building, giving affiliate Enterprise Coworking a reach into the southeast suburban submarket. Focus purchased the 70,000-square-foot office building at 5500 Greenwood Plaza Blvd. from McKinley Freeway Center II LLC. The deal was driven by the opportunity to expand Enterprise Coworking, but the tenant mix,…
Kris Oppermann Stern
May 27, 2018
Changes in store for hotels under new ownerships
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Kris Oppermann Stern
May 26, 2018
Inverness retail condo sells to California investor for $12.19 million
Arapahoe County Property Location: 10111 Inverness Drive West, Englewood Property Description: 42,750-sf retail condominium space, YOC 2007 Land Size: 3.91 acres Sales Price: $12.19M, or $285.14 psf Reception No.: D8042555 Closing Date: 4/26 Grantor: VS Vallagio Holdings LLC, Larry E. Jennings Jr. mgr., 248-646-9200 Grantee: Prominence Enterprises LLC, Dr. May Tong, mgr., 714-556-8664 Financing: $7.97M payable to Public Service…
John Winslow
May 25, 2018
New multifamily concept leads Arizona developer to $2 million land deal
Adams County Property Location: SEC S. 27thAve. & Eagle Blvd., SWC Peregrine & Eagle, Aurora Property Description: Vacant land, 136 units planned for detached rental units Land Size: 12.317 acres Sales Price: $2M, or $3.73 psf, or $14,706 per unit Reception No.: 29316 2018 Density: 11.04 d/u per acre Closing Date:4/11 Grantor: The Prairie Center Development LLC, Milan…
John Winslow
May 24, 2018
421,500-sf Hub 25 at I-25 & 64th Avenue sells for $74 million
Adams County Property Location: 601 E. 64thAve., Denver, “Hub 25 Industrial” Property Description: 421,499-sf industrial buildings, YOC 2016-2017 Land Size: 24.753 acres Sales Price: $74M, or $175.56 psf Reception No.: 37912 2018 Closing Date: 5/10 Grantor: Mapleton Industrial Investors, Randy M. Schwartz, mgr., 303-298-1111 Grantee: HUB Acquisition LLC, c/o JP Morgan Investment Management Inc. Financing: Cash Comments: Four…
John Winslow
May 23, 2018
Westfield sells newly developed Hub 25 for $74 million
Westfield Co. has sold its newly developed Hub 25 industrial campus for $74 million, or $175.56 per square foot. Westfield completed the 421,499-sf infill development at 601 E. 64thAve. in Denver last year. The four-building campus is 95 percent occupied by eight tenants, including BSI Designs, Mountain High Appliance, Rustic Log Furniture Inc., Rep Fitness…
Kris Oppermann Stern
May 23, 2018
Lennar Multifamily snags site in Golden Triangle for $200 per square foot
Denver County Property Location: SWC Acoma St. & W. 10thAve.; SEC Bannock St. & W. 10thAve., *990 Bannock St., Denver Property Description: Vacant 101,500-sf, five-story office building, YOC 1982 Land Size: 92,210 sf Sales Price: $18.5M, or $200.63 psf Reception No.: 2018051931 Closing Date: 4/30 Grantor: Megastar Holdings LLC, Anita Padilla-Fitzgerald, CEO, 303-321-8800 Grantee: LMC 10th & Acoma Holdings LLC,…
John Winslow
May 22, 2018
Denver developer acquires site at 501 S. Federal for $1.58M
Denver County Property Location: 501 S. Federal Blvd., Denver Property Description: 4,854-sf, 8-bay car wash, YOC 1980, masonry Land Size: 25,718 sf Sales Price: $1.58M, or $61.24 psf Reception No.: 2018052568 Closing Date: 5/3 Grantor: John Nguyen LLC, 303-359-7658 Grantee: LS Partners LLC, Darwin Horan, mgr., 303-246-4574 Financing: $562,500 payable to Redstone Bank Comments: Listed by owner/agent, 303-359-7658. Property…
John Winslow
May 21, 2018
Cornerstar Healthcare Plaza trades for $10.19 million
A Class A medical office building anchored by Centura Health sold for $10.19 million, or $376.06 per square foot, according to public records. CHP Aurora MOB LLC, advised by Anchor Health Properties and Chestnut Real Estate, purchased Cornerstar Health Plaza from Cornerstar Healthcare Plaza LLC. The 27,113-sf building is located at 15901 E. Briarwood Circle…
Kris Oppermann Stern
May 18, 2018
