Denver investor acquires 231,866-sf Industrial/flex space for $22.3M

Arapahoe County Address: 2701 W. Oxford Ave, Englewood, “Oxford Federal Business Park” Land Size: 14.041 acres Improvements: 226,216-sf flex building, YOC 1984-1986, precast construction, 13 buildings, plus 966-sf house, total of 226,216 Date of Recording: 12/13 Reception No.: D7142133 Price: $22.31M, or $96.20 psf Grantor: BLT Legacy Inc., Lucile Tourney, pres. Grantee: Waterpark II &…

John Winslow

January 3, 2018
Waterpark campus

Kaiser makes long-term financial move with Waterpark II & III

Kaiser Permanente’s acquisition of 210,848 square feet of office space in Aurora was driven by cost savings and efficiencies, according to the company’s real estate manager. Kaiser bought Waterpark II and III at 2350 and 2550 S. Parker Road for $25.32 million, according to public records. The health care provider operates in about 60 percent…

Jill Jamieson-Nichols

December 31, 2017
Pyramid Pointe

Graham Street Realty buys 2nd set of Denver metro office assets

San Francisco-based Graham Street Realty added to its Denver portfolio with a pair of Englewood office buildings. Pyramid Pointe, a 120,279-square-foot building at 9777 Pyramid Court in Meridian International Business Center, and 384 Inverness, a 51,523-sf building in Inverness Business Park, sold for $19.4 million. Westcore Properties and American Realty Advisors sold the properties in…

Jill Jamieson-Nichols

December 23, 2017
Green roofs

Green roofs supported by Zeppelin

Green roofs were on developer Kyle Zeppelin’s radar screen long before the initiative to require them on some buildings in Denver surfaced. The green roof initiative was adopted by Denver voters last month by an 8.6 percent margin. It was widely opposed by Denver’s development community, with Zeppelin being the most high-profile exception. “Denver developers…

John Rebchook

December 11, 2017

Thornton site sells for $4 per square foot

Adams County Address: SWC E. 143rd Place & Grant St., Thornton Improvements: Vacant land Land Size: 12.17 acres Date of Recording: 11/7 Reception No.: 98802 2017 Price: $2.12M, or $4 psf Grantor: Thornton Long Term Investments LLC, c/o Evergreen Devco Inc. Grantee: TSG Grant LLC, Michael H. Staenberg, mgr. Financing: $1.59M payable to First National…

John Winslow

December 6, 2017

Thornton retail building changes hands

Adams County Address: 9645 Washington St., Thornton Improvements: 11,340-sf retail store, YOC 2008 Land Size: 1.72 acres Date of Recording: 11/13 Reception No.: 101880 2017 Price: $4.25M, or $374.78 psf Grantor: Armstrong Highpointe LLC, c/o Gustine (Douglas J. Kyle, mgr.) Grantee: Oak Group LP, c/o The Heritage Group, Mark E. Hoekstra, 619-239-1788 Financing: cash Comments:…

John Winslow

December 5, 2017

Kentwood Commercial passion for Niederman

Kentwood Commercial is not just the latest commercial real estate brokerage launched in Denver. “Commercial real estate for me has always been a huge passion,” Peter Niederman, CEO of the new firm as well as the residential real estate firm that also shares the Kentwood name, told me last month. “I didn’t start Kentwood Commercial…

John Rebchook

December 4, 2017
14101 E. Otero

Brennan enters Denver market with 150,000-sf industrial bldg.

Brennan Investment Group LLC is launching its first development in the Denver market with a Class A industrial building at Dove Valley Business Park in Arapahoe County. The 150,000-square-foot building is targeted for completion in third-quarter 2018. It will be located at 14101 E. Otero Ave., near E-470 and Interstate 25. Building features will exceed…

Jill Jamieson-Nichols

November 19, 2017
Comp of the Day handshake image

Arvada apartment building purchased by Boulder investors for $10.8 million

Jefferson County Property Location: 12155 W. 58th Place, Arvada Property Description: 58-unit, three-story apartment building with 60,208 sf, YOC 1982, brick construction with mansard roof Land Size: 2.36 acres Sales Price: $10.83M, or $186,638 per door, or $179.79 psf Reception No.: 2017102020 Closing Date: 10/3 Grantor: 29SC Village West LP, Stanley Beraznik, mgr., 312-379-8934 Grantee:…

John Winslow

November 3, 2017
Comp of the Day handshake image

Zakhem family acquires Brind Mansion in Capitol Hill

Denver County Property Location: 825 Logan St., Denver, “Brind Mansion” Property Description: 6,860-sf, three-story office building, plus 2,442 sf in basement area, YOC 1895, granite & stone construction, with five parking spaces Land Size: 6,190 sf Sales Price: $1.64M, or $239.21* psf Reception No.: 2017133837 Closing Date: 9/29 Grantor: 1625 Downing Partnership LLP, Clifton Latiolais…

John Winslow

October 27, 2017