Element Properties to Renovate and Reposition Boulder Flex Property
Element Properties, a Boulder-based full-service real estate development and investment company, has acquired two single-story flex buildings in Boulder. Element plans to renovate and reposition the properties from flex space into Class A creative office or life science space. The buildings, located at 2865 and 2885 Wilderness Place, total 45,345 square feet and …
Parker Retail Center Receives Multiple Offers, Sells Above Asking
Renco Properties, a local firm based in Parker, has acquired Parker Plaza, a 34,060-square-foot neighborhood shopping center in Parker, for $5.41 million. The desirable property received multiple offers and sold above asking. Parker Plaza is 95 percent occupied by a diverse mix of 17 tenants consisting of service uses, restaurant, …
Crossfit Inks HQ Lease in Boulder
According to Keys Commercial Real Estate, branded fitness regimen CrossFit will move its headquarters from Santa Cruz, California to the former Anthem Branding office building at 2617 Broadway in Boulder. The new roughly 7,100-square-foot headquarters will house the company’s corporate administration functions. “This is definitely a feather in the cap …
Opus Sells New Last Mile Class A Facility for $57M
Illinois-based Inland Real Estate Group has acquired a brand new 151,668-square-foot last mile logistics building in Thornton, from The Opus Group, for $57 million. The facility, located at 900 E 128th Avenue, on just over 19 acres, is fully leased to a single tenant for an e-commerce last mile facility. Will …
HighPoint Industrial Park to Expand by 274 Acres
HighPoint, an industrial development near DIA that Mile High CRE first covered back in February, is adding 274 acres on top of its existing 125-acre site. Hyde Development and Mortenson closed today on the acquisition of 145 acres just north of their existing site. Next month they will add 129 more acres …
Multifamily Development Coming to Central Park Master Plan
Mid-America Apartment Communities, a publicly traded real estate investment trust based in Memphis, Tennessee, has purchased a 26.92-acres of vacant land at the South East Corner of Central Park Boulevard and Northfield Boulevard in Denver. The tract is in the Central Park master plan, formally known as Stapleton, and is entitled for multifamily …
24-Unit Apartment Property in Denver Sells for $4.85M
The Olive Tree Apartments, a 24-unit multifamily property located at 2550-2560 Ogden Street near Denver’s historical Five Points District, have sold for $4,850,000. The 24-unit building consists of a rare mix of 1, 2, 3 & 4 bedroom units. The property is separately metered for gas & electric, and includes a tenant off-street …
Apartments Near Cherry Creek State Park Sell for $54.5M
Oak Coast Properties has acquired Retreat at Water’s Edge, a 252-unit apartment community located in Denver near Cherry Creek State Park, for $54.5 million. The company is planning to invest $2.2 million in renovations aimed at improving the marketability of both units and amenities. The purchase comes directly on the heels …
Former Macaroni Grill in Greenwood Village to be Redeveloped
Verdad, a national real estate development & construction company, has purchased the former Macaroni Grill restaurant property at 7979 Arapahoe Road, Greenwood Village, for $3.2 million. The company plans redevelop the property, which consists of a 7,418-square-foot building situated on a 1.86 acre lot directly on Arapahoe Road. Drew Isaac with Marcus & Millichap had …
Two Office/Flex Buildings in Boulder Sell for $7.9M
According to Avison Young, two office/flex building located at 7077 Winchester Circle and 5735 Arapahoe Avenue, both in Boulder, have sold for a combined $7.93 million. Winchester Circle is a 22,473-square-foot flex/industrial property and Arapahoe Avenue is 26,418-square-foot industrial property. Jaimee Keene, Rick Egitto and Taylor Doyle of Avison Young’s Capital Markets …