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CBRE: Northern Colorado commercial real estate strong across the board

Overall fundamentals in Northern Colorado's commercial real estate market are encouraging with record or near-record low vacancy rates and positive net absorption in all three sectors: Record low vacancy and availability indicates demand for new office space. Near record low vacancy elevates industrial lease rates. Direct retail vacancy declined to 3.6%, 10 basis points off the…

CREJ

August 31, 2016
Comp of the Day handshake image

Illinois investor snags shadow-anchored retail center in Thornton

Adams County Property Location: 12885 Quebec St., Thornton Property Description: 8,885-sf retail center, YOC 2015, masonry Land Size: 1.36 acres Sales Price: $4.41M, or $496.34 per sf Reception No.: 2016000067363 Closing Date: 8/16 Grantor: Drake Quebec Partners LLC, Jon Hauser, mgr. Grantee: TSM Ventures LLC, Jon D. Stewart, pres., 217-367-8386 Financing: Cash Comments: APN: 01571-29-4-17-008. This…

John Winslow

August 31, 2016
Comp of the Day handshake image

Centennial Burger King on E. Arapahoe lands California buyer

Arapahoe County Property Location: 6712 S. Potomac St, Centennial, “Burger King Restaurant” Property Description: 2,885-sf fast-food restaurant, YOC 2001, brick construction Land Size: 0.97 acres Sales Price: $1.98M, or $686.31 per sf Reception No.: D6091641 Closing Date: 8/17 Grantor: Chung Wan Leung & Yim Ngor Luk Grantee: Alberca LLC, Thomas E. Lowery, mgr. 19135 Echo Pass…

John Winslow

August 29, 2016
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Les Schwab acquires Castle Rock Promenade site for $17.42 per sf

Douglas County Property Location: East/southeast corner of New Abbey Lane & Highway 85, Castle Rock Property Description: Vacant Land, proposed 13,000-sf Les Schwab Tire Center Land Size: 57,418 sf Sales Price: $1.M, or $17.42 per sf Reception No.: 2016050706 Closing Date: 8/1 Grantor: Lodense Privet LLC by: Promenade Castle Rock LLC, Alberta Development LLC, Donald G.…

John Winslow

August 22, 2016
Comp of the Day handshake image

Alaskan investor acquires two-story retail building in downtown Castle Rock for nearly $190 per sf

Douglas County Property Location: 340-390 Perry St., Castle Rock Property Description: 19,418-sf, two-story retail building, YOC 1999 Land Size: 11,021 sf Sales Price: $3.68M, or $189.35 per sf Reception No.: 2016052968 Closing Date: 8/8 Grantor: Castle Centerstone LLC, Timothy White, 303-688-6924, Tom Walls, & Bradley K. Brown, mgrs. Grantee: Besherit LLC, John S. Levy, 907-561-2220, &…

John Winslow

August 19, 2016
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Commerce City Family Dollar building continues retail investment momentum

Adams County Property Location: 6071 E. 72nd Ave., Commerce City, “Family Dollar” Property Description: 7,880-sf retail building, YOC 2004, masonry with 31 spaces Land Size: 33,541 sf Sales Price: $1.23M, or $155.46 per sf Reception No.: 2016000061569 Closing Date: 7/28 Grantor: 72nd Colorado LLC, Eleanor Anne Harrison, mgr. Grantee: Peterman Investments LLC, Helen Peterman, mgr. Financing:…

John Winslow

August 18, 2016

Lydian under construction

Construction is underway on The Lydian, an 8-story mixed-use development at 26th and Welton, in downtown Denver’s historic Five Points neighborhood.

Kris Oppermann Stern

August 15, 2016
Winslow Report

Winslow Report 8-17-16

The Winslow Report, authored by John V. Winslow, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of WinComps…

John Winslow

August 15, 2016
Ace

61-year-old Ace Hardware sells

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

August 15, 2016

IKEA to potentially add second metro location

As part of an approximately 123-acre parcel of land 17 miles north of downtown Denver, the potential IKEA site is located at the intersection of I-25 and East Baseline Road (State Highway 7).

CREJ

August 5, 2016