Former Toys R Us Building in Colorado Springs to be Converted to Self-Storage
Denver-based In Self Storage Management, LLC has purchased a former Toys R Us building located at 3730 North Citadel Drive in Colorado Springs and plans to convert the site into a mini storage facility. Patrick Kerscher, a retail specialist with CBRE’s Colorado Springs office, represented the seller, Dunton Commercial of Colorado in the sale. “This …
Palisade Partners Closes on Land for TOD in SoBo
Palisade Partners, developer of innovative and sustainable multifamily and mixed-use projects in Denver, has purchased 25,000 square feet (±0.57 acres) of land located at 1900 South Acoma Street in the popular South Broadway (SoBo) neighborhood. According to plans submitted on April 6 to Denver’s Community Planning and Development department, Palisade …
Denver-based Private Equity Firm Acquires Durango Apartment Community for $35M
Trailbreak Partners LLC, a Denver-based private equity firm, has acquired the 171-unit Confluence at Three Springs Apartments located at 150 Confluence Avenue, Durango, from GF Properties Group, LLC for a purchase price of $35.25 million. Confluence at Three Springs, a best-in-class apartment complex, anchors the town center of Three Springs, …
Buyer Sees Opportunity in Suburban Office Property
Denver-based investment brokerage firm Quiver Investments has successfully closed the sale of Syracuse Hill III, located at 6161 South Syracuse Way in Greenwood Village. Pantheon Syracuse, LLC purchased the asset from T&S Properties as part of a larger 1031 exchange. A purchase price was not disclosed. In the wake of COVID, …
276-Unit Multifamily Community in Fort Collins Sells for $74M
Buchanan Street Partners, a California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, from Milestone Development Group, for $74 million. Built in 2018, The Vibe Apartments consists of 12 buildings, on 10 acres of land and was 93 percent occupied at the time of sale. …
Oak Coast Properties Sells $163M Pembrooke Property in One of 2020’s Largest Apartment Deals
Bridge Investment Group has purchased Pembrooke on the Green Apartments in Denver for $163 million, marking one of the largest apartment community sales in Denver by value in 2020. Owner, Los Angeles-based Oak Coast Properties, originally purchased the community—one of the largest in Denver encompassing 959 units—in 2016 and deployed an extensive renovation …
Two Multifamily Properties in Sought-After Area Sell for Almost $5M
Two multifamily properties, Sublime and Patina, located at 59 and 65 Ogden Street in Denver, have sold for $4,999,00 Robert Bratley with CBRE’s Denver office represented the buyer, a private local investor. A confidential seller transferred the properties in a sale that closed Sept. 1. “This is the second time I have sold …
Behavioral Health Clinic Signs 8 Office Leases Across Front Range
LifeStance Health, Inc., a national behavioral health clinic, has signed eight new office leases and one expansion across the Front Range. The transaction totals 32,597 square feet. CBRE’s Matt Patyk, Melanie Davis, Annah Moore, and Emmett Purcell represented LifeStance Health in the transactions. “The expansion of LifeStance to new offices across Colorado has been welcomed …
300-Unit Luxury Multifamily Community in Lowry Sells for $105M
The Connor Group, a Dayton, Ohio-based real estate investment firm, has purchased Alas Over Lowry (formally Broadstone Lowry), a 300-unit luxury multifamily community located at 8505 Lowry Boulevard in Denver’s Lowry redevelopment, for $105 million. Newmark Knight Frank (NKF) Vice Chairmen Terrance Hunt and Shane Ozment, with Senior Transaction Manager Amanda Meldrum and Transaction …
17-Unit Apartment Community Sells in Congress Park
Lord Stanley Apartments, a 17-unit apartment community in Denver’s Congress Park neighborhood, has sold for $3,141,000. Boomer Beatty and Peter Standley, vice president investments in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor. Beatty and Standley also …