Brokerage

CBRE Vice Chairman Announces Retirement

CBRE announced this week that Denver commercial real estate icon Michael Winn is retiring. Winn has been at the forefront of Colorado investment property sales for over 35 years. Together with his team he has executed over $21 billion in transactions, touching most of Denver’s highest-profile assets. The Winn-Richey team, including his business partner …

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BrokerageDevelopment

Sale of 24-Acre Parcel in Parker Officially Paused

The sale of a 24-acre parcel known as Pine Curve, located east of Pine Drive, adjacent to the Parker Library in downtown Parker, has been paused and is no longer actively for sale. The site presents more development space than the other site in Parker, according to Parker’s My Mainstreet Strategic Framework, …

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BrokerageIndustrial

Denver-based Scythian Real Estate Acquires Two Cannabis Facilities

Denver-based Scythian Real Estate today announced the acquisition of two facilities operated by Grassroots Cannabis in North Dakota, totaling nearly 10,000 square feet for $3.4 million. The acquisition includes a recently renovated 4,500-square-foot facility located at 310 US-2 in Devils Lake, and a newly constructed 4,995-square-foot facility located at 318 …

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BrokerageIndustrial

New Construction Industrial Property in Colorado Springs Sells for $14.6M

California-based Nearon Enterprises has purchased a 99,960-square-foot industrial property located at 2640 Zeppelin Road near Colorado Springs Airport for $14.6 million. Developed by Scannell Properties and completed in 2019, 2640 Zeppelin Road is a multi-tenant distribution center leased to Geary Pacific Corp. and a national home improvement retailer. The building includes 30-ft. clear heights, …

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BrokerageIndustrial

$85.7M Sale Affirms Strong Appetite for Denver Industrial Product

Enterprise Business Center Building Six, a 647,483-square-foot, warehouse distribution building located at 3980 Central Park Boulevard in Denver, has sold for $85.7 million. The transaction is one of the largest single-building industrial sales in the Denver metro, according to CBRE. Tyler Carner, Jeremy Ballenger, Jim Bolt, Mike Winn and Jessica Ostermick with CBRE’s Denver …

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BrokerageIndustrial

Black Creek Group Purchase Two Industrial Facilities

Denver-based Black Creek Group recently purchased two industrial properties out of state, one in Texas and the other in Indiana. JLL marketed both properties on behalf of their sellers. Valwood Crossroads, a brand new, Class A, state-of-the-art, fully leased, two-building industrial park totaling 618,052 square feet in the Dallas-Fort Worth community …

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BrokerageIndustrial

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 …

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BrokerageCondominiumDevelopmentHospitality

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 …

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BrokerageOffice

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 …

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BrokerageIndustrial

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 …

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