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, 2017Denver group acquires Aurora office building for $81 per square foot
Arapahoe County Property Location: 15200 E. Girard Ave., Aurora Property Description: 39,474-sf, four-story office building, YOC 1985, brick Land Size: 1.62 acres Sales Price: $3.2M, or $81.07 per sf Reception No.: D7091845 Closing Date: 8/11 Grantor: Handcock Park at Girard LLC, Renzhong Tan, mbr. Grantee: Golden Praxis LLC, Alkmini Anastasiadou, mgr. Financing: $2.3M payable to…
John Winslow
August 25, 2017Matrix Group sells Pine Creek Office in Montbello for $51.66 per square foot
Denver County Property Location: 4705-4755 Paris St., & 4700-4760 Oakland St., Denver Property Description: 63,493-sf, six-building Pine Creek Office Complex, YOC 1985 Land Size: 5.33 acres Sales Price: $3.28M, or $51.50 per sf Reception No.: 2017098782 Closing Date: 7/28 Grantor: Calhoun Street Office LLC, Leon Vahn, mgr., 303-333-7500 Grantee: The Sanders Family LLC, Scott D.…
John Winslow
August 22, 2017Atrium III sale sheds light on demand for government-leased assets
A Cleveland-based asset manager paid $27.25 million for a suburban office building in which half the space is leased to federal government tenants. Boyd Watterson Asset Management bought Atrium III from iStar, a real estate finance, investment and development company headquartered in New York. The 156,526-square-foot building at 6162 S. Willow Drive in Greenwood Village…
Kris Oppermann Stern
August 15, 2017Architect has designs on vacant office building that it will call home
Brue Baukol Capital Partners was just about ready to renovate a west Denver office building when its architect began to have designs on the space. EVstudio bought the 41,533-square-foot office building, commonly referred to as the Martischang Building, from Brue Baukol and, before even closing, started working to turn it into the new EVstudio Building.…
Kris Oppermann Stern
August 15, 2017AAA sells building to Denver investor, trades for Atrium I
Denver & Arapahoe counties Address or Location: 4100 E. Arkansas Ave., Denver Improvements: 63,335-sf, two-story, garden-level office building, YOC 1965, brick Land Size: 2.28 acres Date of Recording: 7/27 Reception No. 2017098189 Price: $7.34M, or $115.89 psf Grantor: AAA Colorado Inc., Robert Stewart, CFO Grantee: 4100 Investors LLC, Ryan Arnold & Bill Parkhill, mgrs..) 1550…
John Winslow
August 14, 2017Transforming, Occupying Former Girl Scouts HQ
With the goal to own its own building in an eclectic Denver neighborhood, Unique Properties chose the former Girl Scouts Headquarters Building at 400 S. Broadway to be its new home. This 1965, three-story, brick building bordering the West Washington Park and Baker neighborhoods was the opportunity the group was looking for to represent its…
Building Dialogue
August 14, 2017New York firm buys Church Ranch office buildings for $15.5 million
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Kris Oppermann Stern
August 11, 2017Defense contractor makes strategic decision with build-to-suit
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Kris Oppermann Stern
August 11, 2017Office building in Greenwood Village sells for $27.25 million
Arapahoe County Address or Location: 6162 S. Willow St., Greenwood Village, “Atrium III” Improvements: 156,800-sf net-rentable, three-story office building, YOC 1982, brick Land Size: 7.045 acres Date of Recording: 7/19 Reception No.: D7083126 Price: $27.25M, or $173.79 psf Grantor: 6162 S. Willow Drive-Englewood LLC, Spencer Hale, VP, c/o iStar, 860-815-5900, headquartered in NYC, 212-930-9400 Grantee:…
John Winslow
August 11, 2017