Dalfen Industrial bought 77,222 square feet of centrally located industrial space in its first Denver acquisition. The acquisition included two small-bay buildings on 4.32 acres at 700 and 702 W. 48th Ave., immediately northwest of the interchange of Interstates 25 and 70. Dalfen paid $9.67 million, or $125.16 per sf, for the property. Mark Bowen “It’s perfect for the central market,” said Mark Bowen, Dalfen Industrial senior vice president and head of investments. The product appeals to smaller tenants that are the bread and butter of the Denver market and is a true last mile location in a submarket with consistently low vacancy, he said. “The location was key. It’s always stayed well-occupied because of where it is and its last-mile characteristics,” said Bowen. Built in 1984, the property has 11 units in each building and offers both dock-high and drive-in loading. It was 100% occupied at the time the sale. BR Printers, which occupies several units, is the largest tenant.

Aviation services company Sheltair Aviation has broken ground on a 21-acre, state-of-theart complex at Rocky Mountain Metropolitan Airport in Jefferson County. The fixed-base operator service facility will include a new terminal, hangar and build-to-suit office space opportunities, along with 10 acres of aircraft parking. It marks Sheltair’s first FBO presence west of the Mississippi River. The $20 million facility is slated for completion next year and will employ approximately 20 people.

A 140-key Hyatt House hotel will provide a new lodging option in the Fitzsimons area. BMC Investments is developing the hotel at the southeast corner of East Colfax Avenue and Peoria Street in Aurora. It has owned the site, known as the Gateway at Fitzsimons, since 2013. “Fitzsimons is one of the fastest-growing hospital campuses…

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Florida-based TerraCap Management LLC entered the Denver market with the $71.71 million purchase of Denver Corporate Center II and III. “We feel there are some great opportunities in Denver, particularly with these assets,” said Steve Good, TerraCap partner and director of acquisitions. “We like both the short- and long-term growth aspects of the market and…

A three-story office/retail building in Lower Downtown Denver fetched $418 per square foot in a sale to California buyers. JHB Properties LLC and WSJ Associates LLC bought 1925 Blake St. for $6.43 million. Webb Properties LLC was the seller. The 15,375-sf, brick-and-timber building is a half-block from Coors Field. Built as a warehouse in 1890,…

Granite Properties has acquired Regency Plaza, a 319,000 square-foot, Class A, LEED Gold certified office building in the Denver Tech Center. Granite will reposition the building through significant planned improvements to enhance the customer experience. Tim Richey, Mike Winn, Jenny Knowlton, Charley Will and Chad Flynn of CBRE represented the seller, Barings, one of the world’s largest diversified real estate investment managers, on behalf of institutional investors. Stephanie Lawrence, senior managing director, Paul Bennett, senior director of investments, and Patrick Miller, investment associate, of Granite Properties represented Granite. Bob Whittelsey and Abby Patillo of Colliers International will lead the leasing of Regency Plaza. “Regency Plaza is a trophy asset with an incredible presence in the Denver Tech Center,” said Lawrence. “We look forward to repositioning Regency Plaza through a significant improvement plan designed to meet the needs of today’s workforce,” she added.

DPC Cos. already is at work on its latest acquisition in Cherry Creek – the 122,788-square foot office building at 400 S. Colorado Blvd. in Glendale. “Literally the day we closed we went in and started demoing the tired, obsolete spaces,” said DPC President Chris King, whose company has repositioned three other Cherry Creek assets.…

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