BrokerageDevelopment

Six Parcels of Land Sell in Castle Rock for $3.6M

Greenwood Development Group, a local investor/developer has purchased Dawson Ridge and Westfield Trade Center — six parcels of land consisting of 382 total acres located in Castle Rock at the future junction of Crystal Valley Parkway and I-25. Established in 1986, the 280.7 acres sold as part of Dawson Ridge include multiple infrastructure …

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BrokerageRetail

Two Well-Positioned Retail Centers Sell for Combined $5.4M

Legend Investment Group (LIG), a division of Legend Partners, LLP recently facilitated the sale of $5.48 million in multi-tenant strip centers. The sale of two 3-tenant retail strip centers concludes a successful 1031 exchange. 9854 Zenith Meridian Drive, Englewood, sold for $2,850,000 and 4490 Peoria, Denver sold for $2,633,664. 9854 Zenith …

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BrokerageOffice

Centennial Airport Plaza Sells for $7.3M

Denver-based KEW Realty Corporation has acquired Centennial Airport Plaza, located in the Centennial Airport Business Park, from Melcor Centennial LLC. KEW paid $7.3 million for the 63,112-square-foot, multi-tenant, low-rise suburban office asset. Avison Young Principals Rick Egitto and David Tilton, based in the firm’s Denver office, represented the seller in the transaction which …

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BrokerageReports

Changing Demographics will Impact Real Estate, Study says

The retirement of Baby Boomers and the debut of Generation Z workers has major implications for real estate occupiers, investors and policy-makers around the world, according to a new global research report from Cushman & Wakefield, entitled “Demographic Shifts: The World in 2030.” The implications are diverse – diverging trajectories …

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BrokerageMultifamily

Denver Apartment Community Offers Attractive Value-Add Opportunity

Arel Capital, a New York City headquartered investment firm representing close to $1.6 billion worth of real estate, has sold Cambridge Place, a 114-unit apartment asset located at 1260 S. Bellaire Street in Denver, close to the neighboring Glendale submarket. Justin Hunt and Andy Hellman with Newmark Knight Frank (NKF) …

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BrokerageIndustrialOffice

Office/Industrial Asset on the Garden of the Gods Corridor Sells for $5.6M

NavPoint Real Estate Group has completed the sale of an office/industrial/flex asset located at 850 Elkton Drive, in Colorado Springs. Built in 1977, the property was originally a manufacturing facility for wood cabinetry and paneling. Most recently it has been used as a church campus with many classrooms, offices, an auditorium, print shop, TV/Film …

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BrokerageMultifamily

Apartments in Colorado Springs Fetch $37M

Atlanta-based Cortland has purchased One330 Apartments, a 149-unit multifamily property in Colorado Springs for $37.1 million. Dan Woodward, David Potarf, Matt Barnett and Jake Young with CBRE Capital Markets represented the seller, The Garrett Companies from Greenwood, Ind. “The Colorado Springs multifamily market continues to attract aggressive capital, including institutional equity, compressing cap rates across the …

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BrokerageHealthcareOffice

Delta Dental of Colorado Relocates HQ to Greenwood Village

Delta Dental of Colorado has recommitted to southeast Denver with the announcement of its HQ move to Peakview Tower, located at 6465 South Greenwood Plaza Boulevard. The company is leasing 55,438 square feet alongside the Delta Dental of Colorado Foundation. Together, the companies employ nearly 200 people who serve 1.4 …

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BrokerageDevelopmentHealthcare

Medical Space in Colorado Springs Sells for $1.5M

Woodlands Exchange, a 13,350-square-foot medical building in Teller County, within the Colorado Springs MSA, in the affluent and rapidly expanding city of Woodland Park, Colorado Springs, has sold for $1,525,000. Located at 509 S Scott Avenue, Woodland Exchange was recently constructed in 2006 and has been meticulously maintained. The property experiences excellent visibility to more …

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BrokerageDevelopment

10 Acres Sells in Prime Highlands Ranch Neighborhood

10.37 acres of vacant land in Highlands Ranch has sold to Diocese of Colorado Springs, a Roman Catholic Church group. Avison Young Principal Rick Egitto, CCIM, and Sam Crowe, an associate, based in Avison Young’s Denver office, represented the seller, the Diocese of Colorado Springs, in the sale of this parcel located immediately east of …

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