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
CCIG Insurance acquires Inverness Business Park building for $8.5 million
Arapahoe County Property Location: 155 Inverness Drive West, Englewood Property Description: 44,694-sf, three-story office building, YOC 1995, glass curtains with aggregate siding panels & 178 parking places. Land Size: 3.854 acres, located near the Dry Creek & Interstate 25 interchange Parking ratio: 3.98:1,000 Sales Price: $8.5M, or $190.18 per sf Reception No.: D8015491 Closing Date:…
John Winslow
March 1, 2018
Lazy Dog restaurant snags pad site in Southlands
Arapahoe County Property Location: Lazy Dog, 24110 State Ave., Aurora, (SWC State St. & S. Central Ave.) Property Description: pad site, proposed 9,509-sf restaurant* Land Size: 24,096 sf Sales Price: $1.71M, or $70.97 psf Reception No.: D8007174 Closing Date: 1/23 Grantor: NWSL Town Center LLC Grantee: Lazy Dog Colorado OPS LLC, Dewayne Mitchell, 714-596-9960, Dan Goldman,…
John Winslow
February 22, 2018
Apartments within 2 miles of one another yield $106.76M
Adams County 1. Property Location: 101 E. 88th, Thornton Property Description: 322-unit apartment complex, 248,883 sf NRA, YOC 1973, brick and frame construction Land Size: 12.13 acres Seller: Ashford East 88 LLC 400 Galleria Pkwy. E., Ste 400, Atlanta, GA, The Radco Cos., Leslie Thaxton, regional manager – Colorado, 770-272-9330 Buyer: Thornton Multifamily LLC c/o…
John Winslow
February 16, 2018
Roof replacements to cost a lot of green
Roof replacements in Denver rolled out to what may have been a record in 2017. The city of Denver issued 18,475 permits for new roofs last year, 54.6 percent more than the 12,016 in 2016, according to data from Denver Community Planning and Development. Overall, permit activity in Denver was up 17 percent in 2017…
Kris Oppermann Stern
February 13, 2018
Logistics company signs lease for 139,417 square feet in Aurora
A third-party logistics company is vastly expanding its Denver presence with a new location in Majestic Commercenter in Aurora. Lanter Delivery Systems Inc., which reportedly occupies about 17,000 square feet of space in Aurora, signed a long-term lease for 139,417 sf in an industrial building Boulder-based Conscience Bay Co. owns at 20101 E. 36th Drive.…
Kris Oppermann Stern
February 11, 2018
Level Office picks downtown Boulder co-working location
Level Office will open its second Colorado co-working facility in a 22,533-square-foot building in downtown Boulder. The company purchased the building at 1495 Canyon Blvd. from U.S. Bank for $6.5 million, according to Boulder County records. The bank leased back a small portion of the space, which houses a branch bank, for five years. Level…
Kris Oppermann Stern
February 11, 2018
Denver buyer acquires historic building, parking lot for $6.5M
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Kris Oppermann Stern
February 11, 2018
Value grows by 34.4% on $50 million Castle Rock apartments
Douglas County Property Location: 483 Scott Blvd., Castle Rock, “Bluffs at Castle Rock” Property Description: 220-unit, three-story apartment complex, 200,516 sf, with 11 buildings and a 2,837-sf clubhouse, YOC 1998, frame construction Land Size: 11.024 acres Sales Price: $50M, or $227,273 per unit, or $249.36 per sf Closing Date: 1/31/2018 Reception No.: 2018006612 Density: 19.96…
John Winslow
February 9, 2018
Sandstone Ranch in Larkspur sells for $18.75 million
Douglas County Property Location: Vicinity southwest corner Perry Park Blvd. & Highway 105, Larkspur, “Sandstone Ranch” Property Description: Ranch Land Size: 2,038 acres Sales Price: $18.75M, or $9,200 per acre Reception No.: 2018003933 Closing Date: 1/24 Grantor: AR Sandstone LLC by: Hearthstone Inc., David Brittain, SVP, 818-385-3698, or Mark Porath, CEO, 818-385-0005 Grantee: Douglas County…
John Winslow
February 6, 2018
