Golden office building sells for $3.4M to local investor
Jefferson County Address: 607 19th Street, Golden Land Size: 20,860 sf Improvements: 12,031-sf, two-story office building, YOC 1985 (renovated in 2017) Date of Recording: 11/29 Reception No.: 2017121963 Price: $3.3M, or $274.29 psf Grantor: Golden Investment Property LLC (70%), John Bardeen, mgr., & Endurance 607 19th Street LLC (30%), Otto Petty, mbr. Grantee: DS Real…
John Winslow
December 27, 2017Firm acquires 74,209-sf industrial building in Inverness Business Park for $105 psf
Arapahoe County Address: 24 Inverness Place East, Englewood Land Size: 7.242 acres Improvements: 74,209-sf industrial/flex building, YOC 1980, masonry construction, two exterior loading docks & two drive-in doors Date of Recording: 12/18/17 Reception No: D7142133 Price: $7.79M, or $105 psf Grantor: 24 Inverness/1777 LLC, et. al, Stuart C. Ogilvie, mgr. Grantee: Bonakemi USA Inc., Richard…
John Winslow
December 26, 2017OpenPath Investments purchases Arbors at Sweetgrass
There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…
Kris Oppermann Stern
December 24, 2017California buyer looking to enter market lands 188,077 sf
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Kris Oppermann Stern
December 24, 2017Centum Health buys MetroNorth Office Building for $13.4M
A Colorado company focused on health care real estate purchased an office building in Northglenn. Centum Health Properties paid $13.4 million for the MetroNorth Office Building at 11990 N. Grant St., just north of SCL Health Community Hospital Northglenn. The five-story building is just off Interstate 25 on the 120th Avenue corridor. Currently, the 86,044-square…
Kris Oppermann Stern
December 23, 2017Bedford brings 127-key SpringHill Suites hotel to Colorado Mills
A SpringHill Suites hotel is on its way to the Colorado Mills shopping area. Dallas-based Bedford Lodging will deliver the 127-room hotel in January 2019, catering to business travelers during the week and leisure travelers in the summer and on weekends. The SpringHill Suites Lakewood Golden – Colorado Mills will occupy a 2-acre site at…
Kris Oppermann Stern
December 22, 2017Railhouse Denver acquires 31,250 square feet
Denver County Address: Southwest corner of Inca St. & W. 40th Ave., Denver Land Size: 31,250 sf Improvements: Land value, misc. improvements, 29 units proposed Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $3.45M, or $110.40 psf Grantor: 3931 Inca LLC & 3995 Inca St. LLC, Dennis McLin, mgr., 720-480-9347 Grantee: Railhouse Denver…
John Winslow
December 22, 2017Heitman affiliate buys 1401 Lawrence
An affiliate of Chicago-based Heitman LLC has acquired 1401 Lawrence, a premier downtown Denver office tower. The newly constructed 309,988-square-foot Class AA office tower is located adjacent to Larimer Square and the Four Seasons hotel, at the convergence of Denver’s lower downtown and central business district. Mike Winn, Tim Richey, Chad Flynn and Jenny Knowlton…
CREJ
December 21, 2017Forest City lands two homebuilders with $1.23M in sales
Denver County Address: 1) Northwest corner Beeler Street & E. 58th Ave., Denver; 2) North of E. 57th Place, and Boston Street Land Size: 8 lots totaling 19,530 sf; 2) 8 lots totaling 22,863 sf Improvements: Vacant lots Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $776,900/$39.78 psf/$97,113/lot; $456,000/ $19.95 psf/$57,000/lot Grantor: FC…
John Winslow
December 21, 20171970s apartment complex fetches $63.7 million
Broomfield County Address: 1030-1049 E. 10th Ave., Broomfield Improvements: 209-unit, three-story apartment complex, YOC 1973 (five buildings); and 213-unit, three-story walk-up apartment complex, 1974, 21 buildings, total 422 units Date of Recording: 12/4 Reception No.: 2017014873 & 2017014878 (2 deeds combined) Price: $63.7M, or $147,000 per door Grantor: FPA5 Birch LLC c/o Trinity Property Consultants…
John Winslow
December 20, 2017