Last-mile logistics facility in Thornton trades for $57 million
A last-mile logistics facility in Thornton sold for $57 million. Illinois-based Inland Real Estate Group purchased the Class A, 151,668-square-foot distribution facility on more than 19 acres at 900 E. 128th Ave. in Thornton as a long-term hold. The Opus Group, a full-service development, design and construction real estate firm headquartered in Minneapolis, sold the […]
Jennifer HayesDecember 21, 2020
IRET pays $144.75 million for Parkhouse Apartment property
IRET purchased the Parkhouse Apartment Homes in Thornton for a reported $144.75 million. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities purchased the 465-unit community from Starlight Investments Ltd., according to public records. “We are excited to continue our growth in Denver and advance improvements in the […]
Jennifer HayesNovember 23, 2020
Highpointe Park community trades for $53.6 million
An apartment community situated at Thornton’s highest point recently sold for $53.6 million. KG Berkeley Investors LLC paid $243,636 per unit and $259 per square foot for Highpointe Park, a 220-unit multifamily property at 9701 Pearl St. Hamilton Zanze sold the community, which was 94.1% occupied at the time of sale, at a 4.38% cap […]
Jennifer HayesAugust 31, 2020
Calif.-based buyer acquires Thornton Walgreens-leased bldg.
A retail property leased to Walgreens in Thornton sold for $6.13 million. California-based private capital investor Washington Street Holdings LLC purchased the 14,406-square-foot Walgreens-leased retail property at 8799 Washington St. from seller GMS Thornton LLC. Drew Isaac and James Rassenfoss of Marcus & Millichap were transaction brokers in the sale. According to Rassenfoss, the property […]
Jenna WaltersJuly 20, 2020
Greystar pays $119M for Thornton apts.
Greystar added another apartment asset to its portfolio with its purchase of Champions Park Apartments in Thornton. Greystar paid a reported $119 million, or $247,917 per unit, for the 480-unit community, renamed Avana Thornton Station. Eaton Vance’s real estate investment group, according to public records, sold the property, which it purchased in 2012 for $68.26 […]
Jennifer HayesJuly 13, 2020
NavPoint sells multitenant retail property in Thornton for $4.84M
A multitenant retail property in the north Denver metro area sold for $4.84 million. YC Inc. purchased the four tenant, 8,573-square-foot property at 7315-7375 E. 128th Ave. in Thornton from seller DCP Quebec LLC. Matt Call and Ian Elfner of NavPoint Real Estate Group represented the seller. Jae Kim of Re/ Max 100 Inc., who […]
Jenna WaltersMay 4, 2020
Wendys, Arbys outparcels sell to SSCI at sub-5% cap rates
A pair of outparcels to a Cabela’s-anchored retail center in Thornton sold for $3.87 million. The Wendy’s and Arby’s at The Grove development sold in separate transactions to SSIC Inc. for $2.2 million and $1.67 million, respectively. The 3,500-square-foot Wendy’s, located at 150 E. 144th Ave., was built in 2015. It sold at a 4.75%…
Jennifer HayesApril 6, 2020
Pinkard Construction wins Margaret W. Carpenter recreation center in Thornton
The remodeled facility will include a new six-lane lap pool with adjacent aqua-exercise pool, wave pool with lazy river and bubble pit, activity pool with zero-depth entry, play structure, geysers and sprays, two water slides and 20-person therapeutic hydro-jet spa.
Kris Oppermann SternApril 6, 2020
Kum & Go continues expansion
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Jennifer HayesDecember 1, 2019
Evergreen Devco to develop Dry Creek Commons center
Evergreen Devco Inc. is set to start work next month on Dry Creek Commons, a Thornton retail development – adding to the “significant” development activity occurring in the city.
Jennifer HayesApril 22, 2019