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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, 2018

O’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, 2018

Strong 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, 2018

Sale-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, 2018

Form 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, 2018

Westminster 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, 2018

Downtown’s 1600 Glenarm sells for $131M

Northland Investment Corp. paid $131 million, or $393,393 per unit, for 1600 Glenarm

Jolene Wollett

July 30, 2018

Has ‘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, 2018

Construction 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, 2018

Prime 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