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Building 21

Pauls sells 14 Denver industrial buildings as part of portfolio deal

Pauls Corp. sold more than $200 million worth of Class A industrial space in Gateway Park in what may be the biggest industrial investment deal ever in the Denver market. The Gateway Park properties, which public records show sold for $206.15 million, comprise 1.93 million square feet in 14 buildings in Aurora. Clarion Partners bought…

Kris Oppermann Stern

March 20, 2018
5075 S. Syracuse

Trophy asset in DTC sells for record $115.2 million

A Denver-based company has acquired a trophy property anchored by a headquarters office building for $115.2 million, or $475 per square foot. KORE Investments purchased Re/Max Plaza off market in what is the largest office deal so far this year. Located at Interstate 25 and East Belleview Avenue, the property includes the 227,997-square-foot, 12-story Re/Max…

Kris Oppermann Stern

March 19, 2018
1700 Broadway

Artis pays $70M for remaining interest in office assets

Artis Real Estate Investment Trust has acquired the remaining 50 percent interest in two Class A office buildings in downtown Denver for $70 million. The Canadian REIT owned 1700 Broadway and Hudson’s Bay Centre in joint ventures with an affiliate of MDC Property Services Ltd., a boutique real estate company focused on commercial markets in…

Kris Oppermann Stern

March 19, 2018

Aurora apartment complex acquired by Denver investor

Adams County Property Location: 12170 E. 30th Ave., Aurora Property Description: 66-unit, three-story, apartment w/38,574 sf, YOC 1969, Land Size: 1.18 acres Sales Price: $7.2M, or $109,091 per door, or $186.65 psf Reception No.: 2018000017579 Closing Date: 2/28 Grantor: Abrigo Apartments LLC, Keith Joseph, mgr. Grantee: Vesta CO LLC c/o IWP Wealth Management, Charles Willhoit,…

John Winslow

March 19, 2018
Northglenn Greens I.

Law firm settles on $4.94 million for Northglenn office building

An injury law firm settled on $4.94 million for the acquisition of a Northglenn office building. A limited liability company affiliated with Ramos Law bought Northglenn Greens I, a 47,957-square-foot building at 10190 Bannock St. in Northglenn. The law firm will occupy the top floor of the two-story building. Located along Interstate 25 near 104th…

Kris Oppermann Stern

March 18, 2018
1526 Blake

Lower Downtown haunt sells to investor for $2.4 million

A local investor became the owner of a historic Lower Downtown haunt for $2.4 million. Dating to 1863, the Blake Street Vault building at 1526 Blake St. is one of the oldest buildings on Blake Street. Completed as a saloon and boarding house in 1863, it is said to be haunted by an old-time saloon…

Kris Oppermann Stern

March 17, 2018
4000 Burlington

Net-leased NoCo office building trades for $9M

A Northern Colorado office building that’s leased to an energy company drew multiple offers and closed at $9 million. The building at 4000 Burlington Ave. in Evans sits on approximately 9.7 acres with heavy-industrial zoning. It was built in 2012 for Anadarko, which relocated to a new facility in Platteville and assigned the lease to…

Kris Oppermann Stern

March 16, 2018

Similar style apartments snagged for $4.2M each

Arapahoe and Denver counties Property Location: 1. 3505-3515 S. Knox Court, Sheridan, & 2. 1860 S. Grove St., Denver Property Description: 1. 18-unit (two buildings), two-story walk-up apartment w/11,380 sf, YOC 1961; 2. 18-unit, two-story, brick, garden-level apartment, YOC 1961, 12,253 sf Land Size: 1. 25,265 sf, 2. 12,576 sf Sales Price: Arapahoe: $2.1M; Denver $2.1M, total…

John Winslow

March 16, 2018

$4 million from Heaven leads to acquisition of former Walmart store

Jefferson County Property Location: 14605 West 64th Ave., Arvada Property Description: 57,650-sf closed Walmart store, YOC 2001, masonry (Walmart closed this store in July 2017.) Land Size: 5.683 acres Sales Price: $4M, or $69.38 psf Reception No.: 2018019502 Closing Date: 2/27 Grantor: Walmart Real Estate Business Trust, Robert Stoker, director Grantee: Storyline Fellowship Inc., Ben Mandrell, lead…

John Winslow

March 14, 2018

Greeley investor pays $4.5 million for single-tenant building

A local investor paid $4.5 million for an industrial building in Greeley. Greeley-based B&B Real Estate LLC purchased the building at 295 71st Ave. from Northward LLC. The building, which consists of 66,000 rentable square feet, is a distribution center for Home Depot. Home Depot has occupied the property since 2011. B&B Real Estate managing…

Kris Oppermann Stern

March 11, 2018