E*Trade building sells for $16.9 million
A longtime investor in the Denver market bought the TCA by E*Trade building in Centennial for $16.9 million, or $289.36 per square foot. Honolulu-based Watumull Properties Corp. purchased the 58,405-sf building at 7103 S. Revere Parkway in a deal handled by Colliers International brokers Brad Calbert, T.J. Smith and Nick Rice. The seller was 7103…
Kris Oppermann Stern
February 3, 2019Prologis: Move to LoDo Fosters Communication
When warehouse powerhouse Prologis, the world’s leader in logistics real estate, decided to relocate their operational headquarters from the outskirts of Denver to a historic and artsy micro district in Denver’s urban core, they put a stake in the ground, thereby initiating a paradigm shift that would re-energize their workforce and re-establish their Denver operations.
Building Dialogue
January 27, 2019Nuveen snags Denver CBD office tower for $110.9 million
Denver County Property Location: 1600 Broadway, Denver Property Description: 444,595-sf, 26-story office building, YOC 1971, LEED Gold certified, Energy Star building with 350 parking spaces in a three-level underground parking garage Land Size: 40,075 sf Sales Price: $110.9M, or $249.44 psf Reception No.: 2019003682 Closing Date: 1-10-19 Grantor: LBA Realty Realty Fund II WBP IV LLC (Steven R.…
John Winslow
January 21, 2019Tritower buys Avista Pharma buildings for $18 million
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
January 20, 2019High-profile Forum office building trades for $14.25 million
A high-profile office building with value-add potential sold to a Colorado investor for $14.25 million, or $81.60 per square foot. HCF Forum LLC bought the Forum, a 174,622-sf building at 14001 E. Iliff Ave. in Aurora, from Forum Three LLC. The seven-story building, visible along Interstate 225, was 76 percent occupied. Marc Lippitt “It’s a…
Kris Oppermann Stern
January 20, 2019E-Trade building in Centennial sold to Hawaiian investor for $16.9 million
Arapahoe County Property Location: 7103 S. Revere Parkway, Centennial Property Description: 58,405-sf office building, YOC 1984, masonry construction Land Size: 4.811 acres Sales Price: $16.89M, or $289.25 psf Reception No.: D9000889 Closing Date: 1/2 Grantor: Xchange Solutions Inc. for TCA Stephen Finn, Trust Company of America Inc. Grantee: WPC Centennial LLC (Honolulu, Hawaii 96815) Financing: Cash Comments: Property was listed by Brad…
John Winslow
January 15, 2019Social Security building in Littleton sold to California investor
Arapahoe County Property Location: 8000 Southpark Lane, Littleton Property Description: 12,064-sf office (single-tenant) YOC 2001, brick construction Land Size: 1.25 acres Sales Price: $2.81M, or $233.14 psf Reception No.: D9000995 Closing Date: 1/2 Grantor: Southpark 8000 LLC (Gary Mandelbaum, mgr.) Grantee: I&J Partnership, c/o ICO Investment Group Inc., Alexander Moradi, mbr., 9301 Wilshire Blvd., Suite 315, Beverly Hills, CA 90210,…
John Winslow
January 14, 2019South Carolina firm assembles RiNo properties for $10.1 million
Denver County 1. Property Location: 2620 Walnut St., Denver, "10 Barrel Brewing Restaurant" Property Description: 9,375-sf restaurant, YOC 1929, brick construction Land Size: 9,397 sf Sales Price: $5M, or $533.33 psf Reception No.: 2019000372 Closing Date: 12-20-18 Grantor: North of the Border LLC (Kenneth Wolf, 75%, & Ari Stutz, 25%) Grantee: Rino Edens LLC (Jodie W. McLean,…
John Winslow
January 7, 2019ULC partners with city, county to create space for nonprofits
The former Adams County Human Services building in Commerce City will house multiple nonprofit organizations, a community food bank and more, thanks to the newly launched Metro Denver Impact Facility. Urban Land Conservancy, in partnership with Adams County and Commerce City, bought the approximately 80,000-square-foot building at 7190 Colorado Blvd. for $3.8 million. It was…
Kris Oppermann Stern
January 3, 2019Greenwood Village office building sells to Alvarado Development
Arapahoe County Property Location: 5654 Greenwood Plaza Blvd., Greenwood Village Property Description: 28,500-sf, three-story office building, YOC 1976/1987 Land Size: 39,876 sf Sales Price: $4.17M, or $167 psf Reception No.: D8120054 Closing Date: 12/7 Grantor: Frederick M. Haynes Grantee: Alvarado Development LLC (Linda G. Alvarado, CEO), 303-629-0783 Comments: Listed and sold by Alexander Brase, Craig Bustos, Kevin McKinnon…
John Winslow
January 2, 2019