Evergreen Development acquires retail site for $8 per square foot
Jefferson County Property Location: NEC W. Belleview Ave. & S. Simms St., Lakewood Property Description: Land Land Size: 3.721 acres, or 162,062 sf Sales Price: $1.3M, or $8.02 psf Reception No.: 2018011155 Closing Date: 2/5 Grantor: Doris Bowen Frost LLLP, Edmund B. Frost, general partner, 8509 Western Hills Blvd., Suite 400A, Fort Worth, TX 76108…
John Winslow
February 26, 2018
Buyer to treasure collection of Lower Downtown assets
Jon Buerge An affiliate of Denver-based Urban Villages purchased the historic Rocky Mountain Seed Co. building and adjacent properties for $21 million. The buildings comprise approximately 45,000 square feet of 100 percent-leased Lower Downtown office space. The Rocky Mountain Seed Co. building at 1520 Market St., originally a grain and produce warehouse, is known for…
Kris Oppermann Stern
February 25, 2018
Online auction draws multiple bidders for Littleton flex building
A fully occupied flex building in the southwest Denver metro area was a hot commodity, drawing numerous bids in an online auction. High Pointe Business Center, a 42,380-square-foot building at 8022 Southpark Circle in Littleton, sold for $3.73 million, or $87.95 per sf, according to Arapahoe County records. GCCFC 2005-GG5 South Revere industrial LLC, an…
Kris Oppermann Stern
February 24, 2018
Former ‘WOW’ retail building sells for $7.2 million
Arapahoe County Property Location: 9697 E. County Line Road, Englewood Property Description: 78,110-sf, single story retail building, YOC 1996, masonry Land Size: 5.384 acres Sales Price: $7.2M, or $92.18 per sf Reception No.: D8015790 Closing Date: 2/7 Grantor: DT Partnership LLC, David A. Dolan, mgr. Grantee: CCF Holdings LLC, Jeffrey W. Morrill, mgr. Financing: $3.6M…
John Winslow
February 23, 2018
New York investor lassos office building in Glendale for $40.5 million
Arapahoe County Property Location: 4500 Cherry Creek Drive South, Glendale Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction Land Size: 5.367 acres Sales Price: $40.5M, or $169.87 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr. Grantee: G&I…
John Winslow
February 21, 2018
Chicago investor saddles up for $72.5 million apartment deal
Arapahoe County Property Location: 22959 Smoky Hill Road, Aurora, “Advenir at Saddle Rock Apts.” Property Description: 320-unit, three-story apartment with 345,368 sf rentable, YOC 1987, frame Land Size: 23.13 acres Sales Price: $72.5M, or $226,563 per door, or $209.92 psf Reception No.: D8007969 Density: 24.68 D/U per acre Closing Date: 2/7 Grantor: Advenir@Saddle Rock LLC,…
John Winslow
February 20, 2018
Investor pays $2.74 million for Starbucks building
Arapahoe County Property Location: 11703 E. Arapahoe Road, Englewood Property Description: 2,022-sf free-standing Starbucks coffee shop, YOC 2017 Land Size: 1.46 acres Sales Price: $2.74M, or $1,355 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: Confluent Development LLC Grantee: Arapabucks LLC Comments: This is 10-year lease with four five-year options with an in-place cap rate…
John Winslow
February 19, 2018
Developer avoids ruffling feathers with residential-style apts.
A new apartment community on the U.S. Highway 36 corridor will feel a lot like a single-family neighborhood, and its developer is taking steps to ensure it’s a good neighbor – particularly to one specific resident. The Garrett Cos. will break ground in the second quarter on Caliber at Flatirons, a 288-unit community on approximately…
Kris Oppermann Stern
February 18, 2018
Cherry Creek Corporate Center sells for $40.5 million
A prominent Cherry Creek office tower sold to Chicago-based company looking to add value to the asset. M&J Wilkow, in a joint venture with a fund managed by DRA Advisors LLC, bought Cherry Creek Corporate Center from an EverWest Real Estate Partners affiliate, AA Cherry Creek LLC. Arapahoe County records show the buyer paid $40.5…
Kris Oppermann Stern
February 18, 2018
Mixed-use TOD building in Lakewood sells for $20.9M
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Kris Oppermann Stern
February 16, 2018
