Apartment Community in Northglenn Sells for $44M
San Diego-based Pathfinder Partners has acquired Echo Ridge at North Hills, a 168-unit apartment community in Northglenn, for $44.05 million. Located at 11450 Melody Drive, Echo Ridge offers a mix of spacious one- and two-bedroom units averaging 895 square feet. The property was built in 1999, and more than half of …
Marcus and Millichap Complete Series of Net Leased Property Sales
Drew Isaac, senior vice president investments and senior director of the net leased properties division & national retail division at Marcus & Millichap (NYSE: MMI), recently arranged the sale of ten single-tenant net-leased investment properties located throughout Colorado during the first quarter of 2021, totaling more than $41 million. “The …
Abilene Square Retail Center in Aurora Sells for $1.6M
Abilene Square, a freestanding retail strip center located in Aurora, has sold to LV Neosho Investments, LLC for just over $1.6 million. The 6,422-square-foot center property was 100 percent occupied by three tenants at the time of sale. Jon Hendrickson and Mitch Veremeychik with Cushman & Wakefield’s Capital Markets in Denver …
Three Building Industrial Portfolio in Colorado Springs Sells for $6.8M
Executive Circle Industrial Investment Portfolio in Colorado Springs has sold for $6,850,000. The sale of the three buildings totaling 73,846 square feet closed on March 30 with David Marulli and Nick Nickerson of Trevey Commercial representing the buyer, H Dean Properties, and Aaron Horn with Cushman & Wakefield representing the seller, T Lowell & …
Multifamily Property in Arvada Sells to California Investment Firm
Orion Real Estate Partners, a Los Angeles-based multifamily investment firm, has purchased 52nd Marketplace, a five-building, 157-unit multifamily community in Arvada. Scott Peterson, Bill Chiles and Brian Cruz of CBRE’s debt and structured finance team in San Diego arranged a $22.1 million loan for the purchase of loan on behalf …
CBRE Brokers the Sales of Two Multifamily Properties in Denver
Robert Bratley, first vice president with CBRE Capital Markets in Denver, recently arranged the sale of two small multifamily properties in Denver: the $4.15 million sale of 4300 East Eighth Avenue and the $4.03 million sale of 1015 21st Street. 4300 East Eighth Avenue The new mixed-use (primarily multifamily) property located at Eighth …
Food Production Facility in Denver Signs 3 New Tenants
Cushman & Wakefield has signed three new tenants at 400 W. 48th Avenue, a food production, commercial test kitchen and flex Space facility in Denver’s Globeville neighborhood. Vessel CO Operations, LLC leased 5,184 square feet of food production space, J.C. Bromac Corporation leased 10,234 square feet of commercial test kitchen space, …
Trion Properties Acquires Two Multifamily Properties in Colorado Springs
Trion Properties, a private equity real estate firm based in West Hollywood, California, and equity partner, PCCP, LLC, an investment manager, have acquired a two-property portfolio located in Colorado Springs, for a combined total of $80 million. The properties, Quail Cove and Highland Park, total 406 units and represent an …
Denver a Rising Star City, says JLL
According to JLL, the pandemic has accelerated migration trends to a handful of rising star cities and as a result, investors are following suit. Growth markets, including Denver, have witnessed 10-year population growth between 10-30 percent, outpacing the 2010-2020 U.S. population growth of 7.1 percent. While Gateway cities will always will be attractive from both a …
Berkadia Completes the Sales of Two Apartment Communities
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, recently announced the sale of two Colorado properties; a multifamily property in Englewood and a student housing property in Colorado Springs. Iron Works Village, a garden-style multifamily property, located at 519 W Amherst Avenue, Englewood, sold for $14.6 million. Iron Works Village …