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Western Union signs lease, another coming

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

September 18, 2017
Comp of the Day handshake image

Canadian developer sparks historic ‘Ghost Building’ for $5.15 million

Denver County Address or Location: 800 18th St., Denver “The Ghost Building” Improvements: 15,516 sf three-story office building, YOC 1891, sandstone const. Land Size: 6,269 sf Date of Recording: 8/7 Reception No.: 2017103112 Price: $5.15M or $331.92 psf Grantor: 800 18th Street LLC Grantee: Amacon Ghost Building Corp. 604-602-7700 c/o Matthew Chung Financing: Cash Comments:…

John Winslow

September 14, 2017
Comp of the Day handshake image

Denver investor adds to his portfolio of office buildings with $4.9 million purchase

Denver County Address or Location: 2121 S. Oneida St, Denver Improvements: 65,117 sf six-story office building, YOC 1979 Land Size: 2.1 acres Date of Recording: 7/27 Reception No.: 2017108633 Price: $4.9M or $75.25 psf Grantor: Virtu Oneida Associates LLC (Scott McWhorter, mgr) Grantee: Ai3 Properties LLC (Peter Charczenko, mgr.) Financing: $3,675,000 payable to Wells Fargo…

John Winslow

September 11, 2017
Comp of the Day handshake image

Legendary Rossonian Building bought by Denver developer for $6 million

Denver County Address or Location: 2650 Welton St., Denver, “Rossonian Building” Improvements: 21,480 sf, three-story office building, YOC 1910, masonry Land Size: 7,322 sf Date of Recording: 8/16 Reception No.: 2017108304 Price: $6M, or $279.33 psf Grantor: Carl Bourgeois Grantee: 2650 Welton St. LLC c/o Palisades Partners, Paul L. Books, ptnr. Financing: $4M payable to…

John Winslow

September 8, 2017
8181 e. Tufts

Westcore parts with longtime DTC asset

With a major tenant settled in, a high-image office building in the Denver Tech Center found a new owner for $40.5 million. Mountain View, California-based Rees Properties Inc. bought 8181 E. Tufts Ave. from Westcore Properties, which has a long history with the 185,256-square foot asset and will continue to manage it. “It was a…

Kris Oppermann Stern

September 4, 2017

Unico acquires Colorado Square tower

Seattle-based Unico Properties LLC made its entry into the Colorado Springs market with its acquisition of Colorado Square, a 14-story office tower in the heart of downtown. 

Jolene Wollett

September 4, 2017
7475 Dakin St.

Office building off U.S. 36 & Pecos sells for $6.95 million

A six-story office building off U.S. Highway 36 and Pecos Street in Denver traded for $6.95 million, or $109.69 per square foot. GPA Tower LLC sold the 63,357-sf building on 3.53 acres at 7475 Dakin St. to 7475 Dakin LLC, according to Adams County records. The building was 100 percent leased, with Pima Medical Institute…

Kris Oppermann Stern

September 4, 2017
The Collective

Entasis signs tenant for modern office/flex building

A tenant leased one of three buildings in a new, high-image office/flex campus under construction at the Colorado Tech Center in Louisville. Corr-Jensen, which manufactures and markets health and wellness products, signed a 10-year lease for a 37,540-square-foot building at The Collective, a state-ofthe-art campus at 199 S. Taylor Ave. The two-story office building will…

Kris Oppermann Stern

September 4, 2017
Comp of the Day handshake image

Southeast I-25 corridor office building acquired for $1.5 million

Arapahoe County Address or Location: 6901 S. Yosemite St., Centennial Improvements: 16,228-sf, two-story office building, YOC 1974, brick Land Size: 38,768 sf Date of Recording: 8/15 Reception No.: D7093588 Price: $1.5M, or $92.43 psf Grantor: DHS LLC, Craig Harris, mgr. Grantee: 6901 South Yosemite LLC, Brian L. Bruce & Kirk M. Smith, mgrs. Financing: $1.65M…

John Winslow

August 31, 2017
office

Office market conference by CREJ set

Michael Komppa began developing commercial real estate in Colorado in 1982 and founded Corum Real Estate Group in 1986. That timeline alone tells you that Komppa has experienced firsthand the booms and busts of Denver’s office market. Today, the office market is looking pretty good, especially with a flurry of recent lease deals absorbing some…

Kris Oppermann Stern

August 30, 2017