Millice goes for round two with $13.6 million Forum sale
Millice Group Ltd. has had a couple of good runs with The Forum at Cherry Creek, recently selling the Glendale office tower to a local company for $13.6 million, or $163.32 per square foot. “We’ve actually owned this building twice,” said Millice Group President Bo Millice, whose company has officed in the building at 425…
Kris Oppermann Stern
February 17, 2019Lone Tree office building sells for $10 million
Douglas County Property Location: 10004 Park Meadows Drive, Lone Tree, “Park Meadows Corporate Center I” Property Description: 60,144-sf, three-story office building, YOC 1999 Land Size: 5.003 acres Sales Price: $10M, or $166.27 Reception No.: 2019003654 Closing Date: 1/22 Grantor: LRS Bay Road Investment Group LLC Grantee: Bailey Co LLLP, 601 Corporate Circle, Golden 80401, Attn: Robert T.…
John Winslow
February 14, 2019Texas investor acquires Cherry Creek Place III for $6.6 million
Arapahoe County Property Location: 3151 S. Vaughn Way, Aurora, “Cherry Creek Place III” Property Description: 107,364-sf, six-story office building, YOC 1981, masonry & glass construction Land Size: 3.246 acres Sales Price: $6.6M, or $61.47 psf Reception No: D9009649 Closing Date: 2/1/19 Grantor: AHC Metro Cherry Creek III LLC, Tom Zabor, Signatory Grantee: PBIV-3151 South Vaughn Way LP…
John Winslow
February 12, 2019Downtown building to deliver like-new space
The former CenturyLink building at 930 15th St. will be reimagined as modern office space, creating a rare option for large tenants in downtown Denver. A floor-to-ceiling glass curtain wall system, robotic-lift parking, a rooftop terrace with a state-of-thee-art fitness center, and event and conference space will be added to the 223,000-square-foot building, which Rialto Capital…
Kris Oppermann Stern
February 11, 2019KBS inks leases at Granite Tower, plans $10.5M renovation
KBS signed 384,716 square feet of leases at Granite Tower in the fourth quarter and is set to begin a $10.5 million renovation of the building this spring. The largest transaction was a 12-year, 295,743-square-foot lease extension with Anadarko Petroleum Corp. The lease was the largest to be signed in Denver in 2018, according to…
Kris Oppermann Stern
February 11, 2019The Closed-Plan: Is Office Shame a Factor?
Even the concept of a closed-plan office today seems unacceptable if not wildly unimaginable. Most office employees likely don’t know what a closed office even looks like. And why would they? The seismic shifts in workplace design have illustrated just how fleeting a cultural movement can be in a relatively short period of time.
Building Dialogue
February 10, 2019Goldman Sachs/Unico Properties execute $437.5 million loan to Morgan Stanley on 11 Boulder buildings
Boulder County Property Location: 4780-4999 Peal East Circle, One Pearl Plaza Property Description: 11 separate office buildings totaling 491,672 sf, YOC 1988-1999, masonry construction Land Size: 18.81 acres Sales Price: $150M, or $305.08 psf Reception No.: 3694792 Closing Date: 1/18/2019 Grantor: UPI/P7 Pearl East LLC, c/o Unico Properties Grantee: Western Office Portfolio Property Owner LLC (Alexander Cheek,…
John Winslow
February 8, 2019Tebo exchanges into former First National Bank Longmont building
Boulder County Property Location: 1726 Hover St., Longmont Property Description: 16,587-sf rentable area in three-story office building, YOC 2005, brick construction Land Size: 1.53 acres Sales Price: $2.3M, or $138.66 psf Reception No.: 3695706 Closing Date: 1/18 Grantor: EAT-1813, Richard Levy, 1031 trustee for Sunflower Bank Grantee: Stephen D. Tebo Financing: Cash Comments: 5,529 sf available on lower…
John Winslow
February 6, 2019Crocs signs lease for 88,293 square feet at Atria
Casual footwear company Crocs Inc. will relocate its corporate headquarters from Niwot to Broomfield in 2020. The move is part of the company’s strategy for long-term, sustainable growth, including employee retention and recruitment. “Our business is strong and we continue to explore ways to meet the needs of our employees while investing in our future,”…
CREJ
February 5, 2019Interlocken buildings with credit tenant trade for $15.17M
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Kris Oppermann Stern
February 3, 2019