Buyer facilitates 1031 exchange with office building in Thornton
Adams County Location: 9351 Grant St., Thornton Improvements: 91,263-sf office building, YOC 1985 Land Size: 1.14 acres Date of Recording: 4/9 Reception No.: 2018000028658 Price: $9.08M, or $99.44 psf Grantor: Horizon Terrace LLC, c/o Global Pacific Properties Inc. 5161 E. Arapahoe Road, Suite 320, Centennial 80122, attn: Michael S. Law, pres. Grantee: 1641 California LLC (30.52%) & 9351…
John Winslow
April 20, 2018Cigna to establish regional headquarters at Colorado Center
Global insurance and health services company Cigna has signed a lease for 135,800 square feet in Colorado Center’s recently completed Tower 3. The space will serve as the company’s regional headquarters, housing more than 1,000 employees on five full floors. Colorado Center is located at Interstate 25 and Colorado Boulevard. “Our new home at Colorado…
Kris Oppermann Stern
April 19, 2018Douglas County office/medical building sells for $5.45 million
Douglas County Location: 9570 Kingston Court, Englewood Improvements: 33,204-sf, three-story office building, YOC 2002, masonry Land Size: 2.30 acres Date of Recording: 4/12 Reception No.: 2018021700 Price: $5.45M, or $164.14 psf Grantor: LTP Land Ventures LLC, Lloyd Herrera, mgr. Grantee: CLC Eagle Pointe Holdings LLC, c/o Christian Living Communities, Terry Rogers, CEO, 720-606-2440 Financing: $4.45M payable to Guaranty…
John Winslow
April 18, 2018Interest in second-tallest building in Denver snagged for $285.6 million
Denver County Property Location: 1801 California St., Denver Property Description: 1.37 million-sf, 54-story office building with 12-level parking garage, 28 passenger elevators, two freight elevator cars and fitness center on second floor, built in 1983 Land Size: 61,191 sf Sales Price: $285.6M, or $208.14 per sf Reception No.: 2018038167 Closing Date:3/30 Grantor: BOP 1801 California Street LLC, Brookfield…
John Winslow
April 10, 2018Hub tops out in River North
Beacon Capital Partners, a leading office investor and manager, and Elevation Development Group announced the completion of vertical construction at The Hub, a 275,000 square-foot, mixed-use development in the heart of Denver’s River North Art District. The Gensler-designed property includes 250,000 square feet of office space plus 25,000 sf of retail space. HomeAdvisor, a leading…
CREJ
April 5, 2018One Lincoln Station sells for $43.75 million
Douglas County Property Location: 9380 Station St., Lone Tree, “One Lincoln Station” Property Description:154,229-sf, six-story office building, YOC 2008, Leed certified, fitness center, conference room Sales Price: $43.75M, or $283.67 psf Closing Date: 3/12 Reception No.: 2018014919 Grantor: Lincoln Station Phase One LLC Grantee: OLS Preston LLC, et al., c/o Spectrum Properties, 214-379-8600 Comments: Leasing brochure from…
John Winslow
April 5, 2018Brookfield sells 51 percent interest in 1801 California for $285.6 million
Brookfield Properties sold 51 percent interest in downtown Denver’s second-biggest office tower for $285.6 million. PNC Realty Investors Inc., on behalf of the AFL-CIO Building Investment Trust, was the buyer. Brookfield retained 49 percent interest in the asset. The 1.3 million-square-foot building is valued at approximately $560 million. The acquisition price for the office space…
Kris Oppermann Stern
April 3, 2018Boulder investors land professional office building in Arvada for $1.66 million
Jefferson County Property Location: 6390 Gardenia St, Arvada Property Description: 10,471-sf, two-story office building, YOC 2000, brick/frame Land Size: 41,927 sf Sales Price: $1.66M, or $158.87 per sf Reception No.: 2018021894 Closing Date: 3/7 Grantor: Wildflower Ponds Professional Office Park LLC, Roger R. Ladd, mgr. Grantee: Golden Bear RE c/o Colorado Group, Jeff E. Levy, mgr., 720-722-1810…
John Winslow
April 3, 2018Boulder office portfolio subject of $48 million refinance loan
Holliday Fenoglio Fowler’s Leon McBroom arranged the loan for the properties comprising 159,778 square feet along Walnut Street.
Jolene Wollett
April 1, 2018Boulder sees 1st multitenant net-zero energy lease
If you want to know where Colorado is headed, look no further than its commercial buildings. Colorado is projected to be among the top 10 states with the fastest-growing economies. Commercial new construction is
CREJ
April 1, 2018