CCIG to relocate headquarters to Inverness
Insurance brokerage CCIG has acquired an office building in Inverness Business Park in Englewood for its new headquarters. CCIG bought 155 Inverness Drive West, an approximately 44,500-square-foot building, for $8.5 million and will undertake an extensive renovation starting early next year. The company’s current headquarters are located in approximately 22,000 sf in Greenwood Village. CCIG…
Kris Oppermann Stern
March 11, 2018
Leon Capital purchases closed McDonald’s building for $10.46 per square foot
Jefferson County Property Location: 801 Wadsworth Blvd., Lakewood Property Description: 4,109-sf closed McDonalds restaurant, YOC 1982 Land Size: 54,972 sf Sales Price: $575,000, or $10.46 per sf (before demolition cost)* Reception No.: 2018019087 Closing Date: 3/1 Grantor: McDonald’s Corp., Michael Van Poucke, senior counsel Grantee: LCP Wadsworth LLC c/o Leon Capital Group, 214-865-8082, attn: Will Tolliver, mgr.…
John Winslow
March 9, 2018
Pinnacle Real Estate Advisors facilitates 1031 exchange of single-tenant building
Arapahoe County Property Location: 7436 S. Eagle St., Centennial Property Description: 10,828-sf warehouse/auto shop, YOC 1984, masonry Land Size: 41,828 sf Sales Price: $1.83M, or $169 per sf Reception No.: D8015438 Closing Date: 2/15 Grantor: 528 N. Washington St. LLC, Jay P. Burton, mgr., Durango Grantee: Eagle Street 1031 LLC by: National Safe Harbor Exchanges Financing: 1031…
John Winslow
March 8, 2018
Investor lands Applewood Apartments for $7M
Jefferson County Property Location: 1975 Oak St., Lakewood, “The Applewood Apartments” Property Description: 42-unit apartment complex, 4 buildings, 34,150 sf, YOC 1973, brick construction, 74 carports & 38 interior storage units Land Size: 2.44 acres Sales Price: $7.01M, or $166,786 per door, or $205.12 per sf Reception No.: 2018007922 Closing Date: 1/25 Grantor: Lewis Joliet Applewood LLC, John…
John Winslow
March 6, 2018Wine, liquor distributor to build 334,315 square feet
A Miami-based wine and liquor distributor will expand its Denver presence with a new warehouse/distribution facility at Interstate 70 and E-470 in Aurora. Southern Glazers Wine and Spirits will occupy a 334,315-square-foot building to be built on approximately 25 acres in Prologis Park 70. A development plan approved by the city of Aurora allows the…
Kris Oppermann Stern
March 5, 2018
Exchange buyer pays $5.75M for central Denver industrial property
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Kris Oppermann Stern
March 4, 2018
Building that isn’t as it appears sells in $9 million transaction
A local investor saw opportunity in an 11-story office building that isn’t as it appears. Jackson Office LLC paid $9 million for The Executive Club at 1776 S. Jackson St., at the northwest corner of Colorado Boulevard and Interstate 25. The 119,700-square-foot building was built by an apartment developer, and it looks like apartments. “It…
Kris Oppermann Stern
March 4, 2018
Lafayette apartments sold to Buchanan Street Partners for $60.25 million
Boulder County Property Location: 695 South Lafayette Dr., Lafayette Property Description: 240-unit apartment complex, 214,560 sf, YOC 2014 Land Size: 10.483 acres Sales Price: $60.25M, or $251,042 per unit Density: 22.89 units per acre Reception No.: 03639624 Closing Date: 2/1 Grantor: Imago Lafayette LLC, Lester M. Kaplan, mgr., & Milestone Group – Habitat LLC, Kenneth…
John Winslow
March 2, 2018
Embrey Partners acquires 21.23 acres for $7.25 million
Jefferson County Property Location: S/S C-470, approx. 1,000’ west of S. Kipling Blvd., also fronts northwest side of W. Toller Drive Property Description: Vacant land, proposed 345 units Land Size: 21.23 acres Sales Price: $7.25M, or $21,014 per buildable unit, or $7.84 psf Reception No.: 2018010338 Closing Date: 1/15/2018 Grantor: Land Securities Investors Ltd. by:…
John Winslow
February 28, 2018
Lakewood 150-room hotel sells to Rockies Lodging Capital for $8.7 million
Jefferson County Property Location: 3605 S. Wadsworth Blvd, Lakewood Property Description: four-story 150-room hotel, 76,504 sf, YOC 1986 Land Size: 3.14 acres Sales Price: $8.7M, or $58,000 per room, or $113.72 per sf Reception No.: 2018010208 Closing Date: 1/31 Grantor: CNI THL PROPCO Fe II LLC, Mark Hedstrom, VP, NYC, NY 10022 Grantee: RLC-VI Lakewood…
John Winslow
February 27, 2018
