Bow River sells asset for $16M after short hold period
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Kris Oppermann Stern
March 13, 2017Food-service equipment supplier leases 117,000 square feet
Food-service equipment supplier BSI leased a 117,000-square-foot building at Hub 25, a new Class A industrial park at 601 E. 64th Ave. in Denver. BSI is widely recognized for manufacturing “ZGuards,” food shields used in restaurants and cafeterias, and also provides counter systems, sinks/floor troughs, carts and many other food display or merchandising systems to restaurants nationally. Tyler Carner and Jeremy Ballenger,…
Kris Oppermann Stern
March 10, 2017Boulder flex sells for investment adviser
Boulder County Property Location: 6265 Gunbarrel Ave., Boulder Property Description: 152,002-sf office/flex/warehouse, YOC 1969 Land Size: 12.31 acres Sales Price: $16M, or $105.26 per sf Reception No.: 03575818 Grantor: RE I Residential II LLC by: Bow River Capital LLC, Nick Koncilja, mgr. Grantee: 6265 Gunbarrel Avenue LLC c/o Manchester Capital Management Closing Date: 2/17 Comments: BI, a division…
John Winslow
March 7, 2017Northeast Denver industrial property sold to HBM Supply for $123 per square foot
Denver County Property Location: 4801 E. 39th Ave., Denver Property Description: 11,920-sf industrial building, YOC 1966, brick, two dock-high doors, 15 parking spaces Land Size: 0.64 acres Sales Price: $1.47M, or $123.32 psf Reception No.: 2017015186 Grantor: Cap Land Company, Gary Priola, pres. Grantee: Moreno Real Estate LLC, Paul E. Moreno, mgr., 5885 Stapleton Drive North, Unit C-308,…
John Winslow
March 2, 2017CBRE: Online sales translate to industrial space demand
CBRE Research estimate the amount of logistics space needed to accommodate rising e-commerce sales is 1.25 million per $1 billion of online sales.[vc_column width="1/3"][vc_column width="1/3"]
CREJ
February 28, 2017Central Denver warehouse is snagged by owner-user for $3.5 million
Denver County Property Location: 2452 W. Second Ave., Denver Property Description: 46,999-sf warehouse, YOC 1982, masonry Land Size: 2.33 acres Sales Price: $3.45M, or $73.40 psf Reception No.: 2017014785 Grantor: 2452 W. 2nd Ave LLC, Jeremy Records, mgr., 303-628-0200 Grantee: West 2nd Avenue Dev LLC, Randy Benedict, mgr., 720-548-2551. Closing Date: 2/2 Financing: $3.08M payable to Community Banks…
John Winslow
February 28, 2017Brue, Baukol join forces to take Denver CRE firm to next level
Leading commercial real estate investor Chad Brue and top investment sales broker Geoff Baukol have teamed up to form Brue Baukol Capital Partners. Brue, a former CBRE senior executive, founded Brue Capital Partners in Denver in 2011, assembling and developing a portfolio of industrial, multifamily, office, resort and mixed-use properties. Baukol brings more than 17…
Kris Oppermann Stern
February 27, 2017Distribution space underway at I-25 & 58th Ave.
A local company that is developing industrial projects across the country is launching its first Denver development. Englewood-based Huntington Industrial Partners, founded by former Prologis President and CEO John Seiple in 2010, is developing 249,505 square feet of Class A distribution space on 20 acres at the interchange of Interstate 25 and East 58th Avenue.…
Kris Oppermann Stern
February 27, 2017Investment group pays $131.25 per sf for Arvada building
A Utah-based family investment group secured a Class A industrial building in Arvada for $6.5 million, or $131.25 per square foot. Located on 3.06 acres at 5525 W. 56th Ave. in Arvada, the 49,524-sf building is fully leased to four tenants, including Water Remediation Technology LLC, which does work nationwide. Aspen Grove Holdings LLC, a…
Kris Oppermann Stern
February 27, 2017Etkin Johnson geared up for record year of development
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Kris Oppermann Stern
February 27, 2017