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South Broadway retail building in Denver sells for $1.55 million

Denver County Property Location: 114-120 S. Broadway, Denver Property Description: 5,450-sf strip center YOC 1933, brick Land Size: 7,812 sf Sales Price: $1.55M, or $284.40 per sf Reception No.: 2017125447 Closing Date: 9/22 Grantor: 114-120 LLC., E.V. Kazazian, mgr., formerly of Denver, now Rancho Mirage, CA Grantee: S. Broadway Investment LLC, Judy Gaines, mgr. Financing:…

John Winslow

October 5, 2017
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Trammell Crow fetches Village at Forest Trace strip center for $8.9 million

Arapahoe County Property Location: 23870-90 E. Smoky Hill Road, Aurora, “Village of Forest Trace” Property Description: 16,506-sf retail center (two buildings), YOC 2016 Land Size: 1.9 acres Sales Price: $8.9M, or $539.20 per sf Reception No.: D7105471 Closing Date: 9/15 Grantor: Forest Trace Holdings LLC, Marc Cooper, mgr. Grantee: CH Retail Fund II Denver Forest…

John Winslow

October 4, 2017
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Maryland developer acquires site in southeast Aurora

Arapahoe County Property Location: SWS Smoky Hill Rd, ¼ mile southeast of E-470, Aurora Property Description: Vacant land, plans to build 3,927-square-foot branch bank Land Size: 1.156 acres Sales Price: $2.95M, or $58.58 per sf Closing Date: 9/20 Grantor: Forest Trace Development Inc., Richard Frank, mgr. Grantee: Chelini 1031 B of A COL LLC, James…

John Winslow

October 2, 2017
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Commerce City day care facility acquired on 7% cap

Adams County Address or Location: 15000 E. 104th Ave., Commerce City, “Prestige Academy” Improvements: 10,600-sf day care center, YOC 2017, masonry Land Size: 1.46 acres Date of Recording: 8/29 Reception No. 2017000075616 Price: $5.14M, or $485.18 psf Grantor: Brewer Envoy Commerce City LLC, by Triple Net Service Company LLC, Ralph N. Cram & Brewer Development…

John Winslow

September 22, 2017
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South Castle Rock to see major development

Douglas County Address or Location: Vicinity of NWC Plum Creek Pkwy. & Interstate 25 Improvements: Vacant land Land Size: 63.585 acres Date of Recording: 8/29 Reception No. 2017060222 & 201759524 Price: $8.8M, or $3.18 psf Grantor: Walker R. Stapleton, Trust for Stapleton 2011 Family Trust, et al., Fenway Partners LLC, John V. Saeman III, mgr. Grantee:…

John Winslow

September 21, 2017
Meridian

Meridian bike sharing launched

Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…

Kris Oppermann Stern

September 20, 2017

NexGen acquires property at heart of future ‘downtown’

The center features a mix of regional and national tenants, including Great Clips, GNC, O’Reilly Auto Parts and Marco’s Pizza. Broomfield Marketplace is anchored by a former Safeway grocery store, now owned by the city and county of Broomfield.

Jolene Wollett

September 17, 2017
Cherry Creek

Safeway Cherry Creek to close, host new tenants

After more than a half century in the heart of the Cherry Creek neighborhood, the Safeway next to the Cherry Creek Shopping Center will be closing its doors by the first week of January, officials announced today. The 51-year-old Safeway with approximately 50,000 square feet  at 3100 E. First Ave., has been notified by the Taubman…

Kris Oppermann Stern

September 15, 2017
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Scottsdale developer flips former FirstBank in Aurora for $1.5 million profit

Arapahoe County Address or Location: 7460 S. Gartrell Rd, Aurora Improvements: 4,452 medical building YOC 2006 (renovated in 2017) Land Size: 1.1 acres Date of Recording: 8/10 Reception No.: B7091255 Price: $2.74M or $615.45 psf Grantor: Cathedral Canyon Investments LLC, Brenton Smith, mgr. Grantee: Greg Grinter (Edwardsville IL) 618-656-6875 Financing: Cash Comments: The APN is…

John Winslow

September 15, 2017
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NexGen Properties acquired Broomfield strip center for $3.85 million

Broomfield County Address or Location: 6765 & 6785 W. 120th Ave, Broomfield Improvements: 21,020 sf strip center, YOC 1993 Land Size: 2.13 acres Date of Recording: 7/28 Reception No.: 2017009406 Price: $3.85M or $183.16 psf Grantor: GST Trust, etal (Michele Bodner, Trustee) Grantee: Broomfield Marketplace Holdings LLC (Travis McNeil, mgr) Financing: $1,925,000 payable to Security…

John Winslow

September 12, 2017