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, 2018Whole Foods a big anchor for Union Denver
Union Denver, a luxury apartment community anchored by a long sought-after downtown Whole Foods Market, is scheduled to be completed in February, when the third residential tower opens. The first residential tower opened in May and the second tower in September, but it was the flagship, 50,000-square-foot Whole Foods Market that opened in mid-November that…
Kris Oppermann Stern
January 3, 2018Rocky Mountain Real Estate Challenge to focus on RK Mechanical site in Stapleton
RK Mechanical Inc.’s Denver headquarters site in Stapleton will be the subject of this year’s Rocky Mountain Real Estate Challenge. University of Colorado and University of Denver graduate students will evaluate development opportunities for the site – less than a half-mile from the Central Park commuter rail station – and present them at the Thursday,…
CREJ
January 2, 2018Griffis Group acquires 296 units for $100.5M
Denver County Address: 2975 Huron St., Denver, “Union Station North” Land Size: 2.47 acres Improvements: Five-story, 296-unit apartment complex w/253,080 sf, YOC 2017* Date of Recording: 12/15 Reception No.: 2017164456 Price: $100.5M, or $339,527 per unit, or $397.11 psf Grantor: Edwards Prospect Park LLC, Jeffrey W. Edwards, mgr., 495 S. High St., Suite 150, Columbus,…
John Winslow
January 2, 2018Cress Capital buys Union Tower with plans to continue upgrades
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
December 31, 2017Granite Place achieves record price per square foot
Granite Place at Village Center set a new high-water mark for southeast suburban office product at a sales price of $423.78 per square foot. Arapahoe County records show Crestone Partners and an institutional partner paid $126.95 million for the newly completed Class AA building, a speculative project that was fully leased prior to delivery. Granite…
Kris Oppermann Stern
December 31, 2017Kaiser 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…
Kris Oppermann Stern
December 31, 2017Self-storage company adding 1,700 units in three NoCo projects
A company that develops self-storage facilities in Colorado and Texas is continuing a push into the Northern Colorado market. Grow Your Storage Development LLC recently opened the 541-unit Timberline Self Storage and is starting construction of South College Self Storage, with 708 units, both in Fort Collins. The company also is in the entitlement process…
Kris Oppermann Stern
December 31, 2017Greenwood Village office tower sells to Crestone for $126.9 million
Arapahoe County Address: 5175 S. Willow St., Greenwood Village, “Granite Place at Village Center” Land Size: 5.24 acres Improvements: 10-story, 299,702-sf office building, YOC 2017 Date of Recording: 12/13 Reception No.: D7141073 Price: $126.95M, or $423.59 psf Grantor: GPI-DTC LP, Stephanie Lawrence, slawrence@graniteproperties.com Grantee: Granite Place LLC c/o Crestone Partners LLC, Robert T. “Bob” Flynn…
John Winslow
December 29, 2017Six-tenant retail center snagged by Denver investor for $2 million
Broomfield County Address: 555 U.S. Highway 287, Broomfield, “Park Plaza Commons” Improvements: 12,407-sf, single-story, six-tenant retail building, YOC 1967 Date of Recording: 12/1 Reception No.: 2017014798 Price: $2M, or $161.20 psf Grantor: J&Y Capital Inc., Bokin IM, pres. Grantee: Park Plaza Associates LLC, Eric R. Miller, mgr. Financing: $1.54M payable to Academy Bank, N.A., Kansas…
John Winslow
December 28, 2017