Distribution Building at I-70 and Peña Sells for $7.1M
A 75,000-square-foot distribution building located at 15800 East 40th Avenue in Aurora has sold for $7,125,000. Todd Witty and Doug Viseur with CBRE’s Denver office represented the seller, Serta Simmons Bedding. Dalfen Industrial from Dallas, Texas, purchased the property in a transaction that closed April 30. Serta Simmons has consolidated into a facility …
Snowmass Base Village Development Team Selects Listing Brokerage Firm
East West Partners (EWP), Aspen Skiing Company (ASC) and KSL Capital Partners (KSL, joint venture owners of the $600 million Snowmass Base Village development, have selected Slifer Smith & Frampton Real Estate (SSF), as the official listing broker for the development — the largest mountain-resort development underway in North America. “We’re …
The Citadel Building in Cherry Creek Sells for $44M
LA-based CRE investment firm Commonwealth Avenue Capital Partners, LLC (CAC Partners) has acquired The Citadel at Cherry Creek, a 131,000-square-foot, 7-story Class A office property, for $44 million. The building, previously owned by Denver-based Amstar, was fully leased at the time of sale, with anchor tenant New York Life Insurance Company occupying more …
Centrally Located Denver Industrial Facility Fills Remaining Vacancies
A 112,509-square-foot industrial facility, located in an enterprise zone within unincorporated Adams County at 500 W. 53rd Place, has signed two new tenants. Threewit-Cooper Cement Co., a Denver-based masonry building product supplier, leased 25,208 square feet and Hajoca Corporation, the nation’s largest privately held wholesale distributor of plumbing, heating, cooling and industrial …
Newly Built Multifamily Complex in Broomfield Sells for $90M
Even during this pandemic, big sales continue to close successfully. A California-based company has purchased Fusion 355, a 286-unit multifamily property, located at 355 Eldorado Boulevard in Broomfield’s Interlocken neighborhood, for $90 million. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver represented the seller, AG Spanos from Stockton, …
Leasing of Flex Space in Frederick Prompts Neighboring Land Sale
5.03 acres of land located at 4465 Salazar Lane in Frederick, CO has sold for $700,000. In addition, 100 percent of the 12 units at a new 30,000-square-foot flex space in a neighboring area located at 4030 Bruin Blvd, were leased to small business owners including contractors, financial advisor, coffee roaster, pool …
Luxury Townhomes for Sale at 9th and Colorado
Sales are underway at Ella CityHomes, the first for-sale property on the buzzing 26-acre multi-million dollar neighborhood at 9th and Colorado (9+Co). The vibrant work-live-play community offers luxury urban living amongst 2020s most anticipated restaurants, boutique retail, state-of-the-art fitness facilities, innovative office space, and more. Private showings will launch on May …
Brinkman Executes First Acquisition Outside of Colorado
As part of their focus on real estate acquisitions, real estate investment and development company, Colorado-based Brinkman just closed on an existing multi-family community in Payson, Utah. Eversage, a newly constructed, 168-unit complex is located within the fastest-growing region of the Greater Salt Lake Area, the Provo MSA. The project …
Lakewood Industrial Property Sets Record Price Per Square Foot
Cushman & Wakefield recently brokered the sale of a freestanding industrial building in Lakewood. Located at 12290 W. Alameda Dr., the 4,465-square-foot building is situated on 1.55 acres and sold for $1.465 million or $328/sf. The seller was 1st Electric Investors LLC and the buyer was 3bar Denver LLC, an …
Boulder Shopping Center Garners Significant Lender Interest
JLL Capital Markets has arranged a $26.7 million refinancing for Alcove on Arapahoe, a 159,050-square-foot shopping center in Boulder. Alcove on Arapahoe is anchored by premier retailers including Safeway, HomeGoods, Verizon Wireless and Flower Child. The property was built in 1957 and most recently renovated in 2019. The center is …