Buyer slides into Payless Shoes retail building for $835,000

Jefferson County Address: 9409 Sheridan Blvd., Westminster, “Payless Shoes” Improvements: 3,816-sf retail building, YOC 1995, masonry Land Size: 24,829 sf Date of Recording: 1/5 Reception No.: 20180002492 Price: $835,000, or $218.81 psf Grantor: L. Lane Loyko, Trustee, & Phyllis Atterbury Trust Grantee: CDG – Austin Bluffs LLC c/o CenterPointe Development, Matt Ladendorf, mgr., 602-448-8766, or…

John Winslow

January 16, 2018

Merritt Equipment’s $1 million investment lands remaining site

Adams County Address: 9403 Brighton Blvd., Henderson Improvements: Misc. building (land value) Land Size: 3.015 acres Date of Recording: 1/5 Reception No.: 201800001836 Price: $1M, or $7.61 psf Grantor: Earl D. Giese Trust Grantee: 7755 Miller Drive LLC, Taylor Merritt, c/o Merritt Equipment, 303-289-2286 Comments: This property is in the middle of 16.43 acres of…

John Winslow

January 15, 2018
4920 N. Washington

Site near National Western trades at record $175.18 per sf

In the wake of “mind-boggling” change around the National Western Complex, a businessman sold a 40,530-square-foot industrial building on 4.29 acres in the neighborhood for a record $175.18 per sf. “It was an incredible opportunity, I’ll just put it that way,” commented George Medley of GI Investments LLC, who sold the site at 4920 N.…

Jill Jamieson-Nichols

January 6, 2018

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