Industrial market poised to take off in Colorado Springs
The Classic Business Park sold for $7.58 million and Mountain Shadows Business Park sold for $4.25 million.
Jolene Wollett
February 11, 2018
Business park on old speedway revs up for design update
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
February 5, 2018Sessions’ impact on marijuana commercial real estate
Glen Weinberg Managing partner, Fairview Commercial Lending, Evergreen Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country. In a break with past federal policies taking a hands-off approach, Sessions instead will let federal prosecutors, where pot is legal, decide how…
CREJ
February 3, 2018
Institutional investor pays $133 per sf for new industrial building
An institutional investor paid $133.66 per square foot for a newly built, fully leased industrial building in Douglas County, which sold at a record low cap rate for the southeast industrial submarket. Lincoln Advisory Group, on behalf of a public pension fund client, bought 14150 Grasslands Drive for $13.5 million. The 101,000-sf building, known as…
Kris Oppermann Stern
February 1, 2018
Centennial flex building changes hands in $10.16M transaction
A group that took a Centennial office/flex building from cold-shell condition to 95 percent occupancy sold the property to a California buyer for $10.16 million. ME Landings LLC, made up of David J. Erb & Co. and Montex LLC, bought the 81,946-square-foot Centennial Technology Place at 6912 S. Quentin St. from a lender in 2011.…
Kris Oppermann Stern
January 29, 2018
Denver industrial property trades for $1.13 million
Denver County Property Location: 4925 E. 38th Ave., Denver Property Description: 6,712-sf industrial building, YOC 1956, masonry construction, heavy power and refrigeration/cooling Land Size: 18,002 sf Sales Price: $1.13M, or $167.61 psf Reception No.: 2018007665 Closing Date: 1/19 Grantor: John W. Campbell IV & Molly S. Campbell Grantee: RZ Boru Family Holding, Richard O’Brien, mgr.,…
John Winslow
January 29, 2018
Broe Real Estate to inject life into large campus in Longmont
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Kris Oppermann Stern
January 28, 2018
City and county of Denver closes on disputed property for $3.8 million
Denver County Property Location: 2645 W. Seventh Ave., Denver Property Description: 33,042-sf warehouse, YOC 1970, twin-tee construction, to be used for possible homeless shelter overflow Land Size: 1.145 acres Sales Price: $3.8M, or $115.00 psf Reception No.: 2017149981 Closing Date: 11/15/2017 Grantor: 2601-2605 W. 7th Ave LLC, Katherine B. Dudden, Bret Kaup, Amber Kaup Grantee:…
John Winslow
January 26, 2018
Mile High Ambulance resuscitates Commerce City property
Adams County Property Location: 8451 Brighton Road, Commerce City Property Description: 9,600-sf industrial building with five drive-in doors, YOC 1996, metal construction; 4,000-sf office building, YOC 1968, metal construction; & 2,159-sf warehouse, YOC 1962, metal construction (total 15,759 sf - three bldgs.) Land Size: 1.553 acres Sales Price: $1.9M, or $120.57 psf Reception No.: 2018000006106…
John Winslow
January 25, 2018
Gilliland family assembles remaining 8.1-acre tract near Xcel Energy plant for $3.45 million
Adams County Property Location: 1961 East 64th Ave., Denver (between York and Franklin streets) Property Description: Vacant land, rezoned from A-1 to I-2 in October 2009 Land Size: 8.1127 acres Sales Price: $3.45M, or $9.76 per sf Reception No.: 2018000003356 Closing Date: 1/10 Grantor: WCSC Acquisition Company, Robert Matz, CEO Grantee: Gilliland Family Partners LLLP,…
John Winslow
January 24, 2018
