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Broe Real Estate adds to growing medical office portfolio

Broe Real Estate Group is continuing its momentum in the medical office arena with the acquisition of a 41,030-square-foot office building on 4.66 acres in Littleton. Broe plans to repurpose the office building at 1501 W. Mineral Ave. as medical office space to fill a growing need for medical services in Douglas County. Douglas County’s 19.4% growth since 2010 has outpaced every other metro Denver county, creating increased demand for medical services, the company said.

Kris Oppermann Stern

October 15, 2019

LaSalle buys CenterCore Distribution Center for $45.25M

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

October 14, 2019

Tritower Financial acquires GHX headquarters in Louisville

A Boston-based real estate investment and management company added to its Boulder County portfolio with the $21.2 million purchase of the GHX World Headquarters in Louisville. Tritower Financial Group bought the 106,877-square-foot building at 1315 W. Century Drive from Lexington Realty Trust for $198.36 per sf. “This is our fourth investment in Boulder and the route 36 corridor. We love the market, and we thought there was a great opportunity to buy this building and help GHX grow in the market, and in the building itself,” said Tod Brainard, Tritower partner and director of acquisitions.

Kris Oppermann Stern

October 14, 2019

Broadway Station inks deal for up to 1 million-sf corporate campus

A developer of corporate build-to-suit office campuses is positioned to create up to 1 million square feet of Class A office space on approximately 9 acres at Broadway Station. KDC, which has developed campus projects for companies including JPMorgan Chase, State Farm and Toyota, formed a joint venture with Broadway Station wPartners to develop four…

Kris Oppermann Stern

October 11, 2019

Murphy Co. acquires Northern Business Center in Thornton

Murphy Co., one of the nation’s largest mechanical contracting firms, has acquired Northern Business Center, a 128,998-square-foot office/manufacturing building at 12789 Emerson St. in Thornton. The company plans to transform the manufacturing area into 90,000 sf of fabrications space and relocate the majority of its Colorado-based employees into 40,000 sf of office space by January…

Kris Oppermann Stern

October 11, 2019

Cushman & Wakefield: ‘Denver is just freaking hip’

Is Denver cool or what? According to Cushman & Wakefield’s Cool Streets 2019 Report, Denver – and not just River North and Lower Downtown – is an “18-hour Cool Street City.” “Cool Streets” are urban neighborhoods with live-work-play environments rich in creative class workers, with great demographics - and where retail generally is thriving. Since Cushman & Wakefield published its first report in 2016, “Cool Streets” have continued to emerge in 24-hour cites like Boston, Chicago and San Francisco. “But now we are seeing the trend accelerate in places such as Boise, Charlotte, Denver, Nashville, Portland, Salt Lake City, Tampa and other metros global investors used to overlook,” the report said. “Affordable housing and employment are driving that acceleration.”

Kris Oppermann Stern

October 10, 2019

Highfield nears build-out with 500,000 sf of construction

Bradbury Properties and Confluent Development are looking to harvest healthy user demand with 500,000 square feet of new industrial development in three buildings at Highfield Business Park. The new buildings will nearly complete the business park, located near the intersection of E-470 and South Peoria Street in Douglas County. Tom Bradbury “I felt like the…

Kris Oppermann Stern

October 6, 2019

Could corporate campus land on ConocoPhillips site?

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

October 4, 2019

New owner arrives at Parker Station

A new owner has arrived at Parker Station, the most prominent office/retail building in Old Town Parker. Mountain Elk Ridge LLC and CAIS Futures LLC, a local partnership of private investors, paid $18.5 million, or $247.97 per square foot, for the three-story office/retail building. The 74,607-sf building is located at 19751 E. Mainstreet, in the…

Kris Oppermann Stern

September 30, 2019

Tebo turns 75 and reflects on Boulder commercial real estate market

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

September 29, 2019