Rejuvenated Northglenn retail center sells for $4.35M
Adams County Property Location: 1000 W. 104thAve., Northglenn Property Description: 57,442-sf retail building, YOC 1978, to be renovated prior to occupancy of the space Land Size: 4.5 acres Sales Price: $4.35M, or $75.73 psf Reception No.: 55801 2018 Closing Date: 7/11 Grantor: Evergreen – 104thand Huron LLC (Doug Leventhal, mgr.) Grantee: MNG II LP, c/o Midtown National…
John Winslow
August 2, 2018O’Reilly Auto Parts acquires 1.23 acres at North Range Town Center
Adams County Property Location: North side of E. 103rdPlace, 600’ east of Chambers Road (15500 E. 104thAve.), Commerce City Property Description: Vacant land, plan for 7,000-sf auto parts store Land Size: 53,641 sf Sales Price: $700,000, or $13.05 psf Reception No.: 48515 2018 Closing Date: 6/13 Grantor: North Range Retail LLC (Mark D. Campbell, pres. of Southwestern…
John Winslow
August 1, 2018Strong economy brings about staffing challenges
It is obvious the retail apocalypse, led by Amazon and other retail giants taking much of consumers’ shopping online, has left once crowded big-box retail locations noticeably empty, even with many creative promotional
CREJ
July 31, 2018Sale-leaseback of ‘iconic’ Denver Diner Restaurant yields $3.5 million
Denver County Property Location: 740 W. Colfax Ave., Denver, “Denver Diner” Property Description: 3,646-sf restaurant, YOC 1966, *renovated in 2016 Land Size: 16,287 sf Sales Price: $3.5M, or $959.96 psf Reception No.: 2018085719 Closing Date: 7/11 Grantor: George Skordos Grantee: 740 West Colfax LLC (Chad A. Brue, mgr.) 303-500-8959 Financing: $1.44M payable to MidFirst Bank Comments: *Fire…
John Winslow
July 31, 2018Form strategic partnerships for mixed-use projects
In a business where partnership is vitally important, it can be hard to determine which combination of teams is right for a project. Mixed-use is an asset class that requires the right partnership team as these developments
CREJ
July 30, 2018Westminster retail center sells at 5.9 percent cap rate
The buyer paid $3.25 million, or $603.08 per square foot, for the 5,389-sf center at 13591 Huron St.
Jolene Wollett
July 30, 2018Downtown’s 1600 Glenarm sells for $131M
Northland Investment Corp. paid $131 million, or $393,393 per unit, for 1600 Glenarm
Jolene Wollett
July 30, 2018Has ‘mall’ become a dirty word?
As retail properties work to stay competitive and reinvent themselves to reflect changing consumer habits, has “mall” become a dirty word? Regional malls are “general merchandise or fashion-oriented offerings; typically, enclosed with inward
Kris Oppermann Stern
July 30, 2018Construction trends: Retailers seek spaces for social media and tech
If you’ve purchased a product at any brick-and-mortar retail location in the past few years, you know the way we purchase products has changed dramatically. Online shopping efficiencies continue to evolve and retailers
CREJ
July 29, 2018Prime Management acquires Havana Square Shopping Center
Arapahoe County Property Location: 1907-1999 S. Havana, Aurora, Havana Square Shopping Center Property Description: 74,646-sf shopping center, YOC 1983, fluted block/stucco Land Size: 6.322 acres Sales Price: $8.45M, or $113.20 psf Reception No.: D8067441 Closing Date: 7/10 Grantor: William Penn Realty Investments LLC (Joseph Fried, mgr.) Grantee: Bear Creek Plaza LLC, c/o Prime Management (Bradley P. Brooks,…
John Winslow
July 27, 2018