Cress Capital buys Union Tower with plans to continue upgrades
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Kris Oppermann Stern
December 31, 2017Granite Place achieves record price per square foot
Granite Place at Village Center set a new high-water mark for southeast suburban office product at a sales price of $423.78 per square foot. Arapahoe County records show Crestone Partners and an institutional partner paid $126.95 million for the newly completed Class AA building, a speculative project that was fully leased prior to delivery. Granite…
Kris Oppermann Stern
December 31, 2017Kaiser makes long-term financial move with Waterpark II & III
Kaiser Permanente’s acquisition of 210,848 square feet of office space in Aurora was driven by cost savings and efficiencies, according to the company’s real estate manager. Kaiser bought Waterpark II and III at 2350 and 2550 S. Parker Road for $25.32 million, according to public records. The health care provider operates in about 60 percent…
Kris Oppermann Stern
December 31, 2017Greenwood Village office tower sells to Crestone for $126.9 million
Arapahoe County Address: 5175 S. Willow St., Greenwood Village, “Granite Place at Village Center” Land Size: 5.24 acres Improvements: 10-story, 299,702-sf office building, YOC 2017 Date of Recording: 12/13 Reception No.: D7141073 Price: $126.95M, or $423.59 psf Grantor: GPI-DTC LP, Stephanie Lawrence, slawrence@graniteproperties.com Grantee: Granite Place LLC c/o Crestone Partners LLC, Robert T. “Bob” Flynn…
John Winslow
December 29, 2017Golden office building sells for $3.4M to local investor
Jefferson County Address: 607 19th Street, Golden Land Size: 20,860 sf Improvements: 12,031-sf, two-story office building, YOC 1985 (renovated in 2017) Date of Recording: 11/29 Reception No.: 2017121963 Price: $3.3M, or $274.29 psf Grantor: Golden Investment Property LLC (70%), John Bardeen, mgr., & Endurance 607 19th Street LLC (30%), Otto Petty, mbr. Grantee: DS Real…
John Winslow
December 27, 2017Graham Street Realty buys 2nd set of Denver metro office assets
San Francisco-based Graham Street Realty added to its Denver portfolio with a pair of Englewood office buildings. Pyramid Pointe, a 120,279-square-foot building at 9777 Pyramid Court in Meridian International Business Center, and 384 Inverness, a 51,523-sf building in Inverness Business Park, sold for $19.4 million. Westcore Properties and American Realty Advisors sold the properties in…
Kris Oppermann Stern
December 23, 2017Centum Health buys MetroNorth Office Building for $13.4M
A Colorado company focused on health care real estate purchased an office building in Northglenn. Centum Health Properties paid $13.4 million for the MetroNorth Office Building at 11990 N. Grant St., just north of SCL Health Community Hospital Northglenn. The five-story building is just off Interstate 25 on the 120th Avenue corridor. Currently, the 86,044-square…
Kris Oppermann Stern
December 23, 2017Heitman affiliate buys 1401 Lawrence
An affiliate of Chicago-based Heitman LLC has acquired 1401 Lawrence, a premier downtown Denver office tower. The newly constructed 309,988-square-foot Class AA office tower is located adjacent to Larimer Square and the Four Seasons hotel, at the convergence of Denver’s lower downtown and central business district. Mike Winn, Tim Richey, Chad Flynn and Jenny Knowlton…
CREJ
December 21, 2017Is the workplace ready for the iGeneration?
Just when the workplace trends developed for millennials in the workforce have been perfected, here comes the iGeneration – and with it, a recalibration of the way we design and operate corporate environments. While the
CREJ
December 18, 2017Granite Place at Village Center sells for record $423.78 per sf, records show
Granite Place at Village Center, a new, fully leased Class AA office building in the southeast suburban submarket, has a new owner. Holliday Fenoglio Fowler LP arranged $70.68 million in financing on behalf of Crestone Partners LLC for the purchase of the 299,568-square-foot building, which was completed this year. The building is leased to Charter…
Kris Oppermann Stern
December 18, 2017