RE/MAX Commercial Symposium Explores “New Normal” of Industry Trends
This week, RE/MAX Commercial® concluded its two-day Commercial Symposium for affiliated commercial real estate practitioners. Held at the Denver Marriott South Park Meadows in Lone Tree, this premier event was open to the entire RE/MAX network and provided ideas, information and strategies to RE/MAX commercial practitioners, as they navigate the “new normal” of commercial real estate. The 14th annual event offered a lineup of industry experts, innovators, and veterans discussing the evolution of the …
Recently Renovated Granite Tower Sells to Florida-Based Investor
Florida-based national real estate firm CP Group has made its first purchase in the Denver market, buying Granite Tower, a 31-story, 593,527 square-foot LEED Gold–certified Class A office tower — located at 1099 18th Street in downtown Denver —in an off-market transaction. A sale price was not disclosed. The seller, KBS …
T-Mobile Expands at Denver’s Broadway Station
Encouraging news for Denver’s office market today: EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its well-known Broadway Station office campus. Under the lease, which represents one of the larger long-term local office market leases completed during the pandemic, T-Mobile will expand into two full …
E-Commerce Facility in Downtown Denver Sells for $114M
A newly-developed Class A warehouse/distribution building, currently 100 percent leased to Amazon, has sold to a national real estate investment, development and management firm for $114 million. Developed in 2021, the 147,000-square-foot facility is located at 875 W 64th Ave in downtown Denver. Executive Managing Director Will Strong, Vice Chairmen Jeff Chiate and …
Tepuy Properties Buys Longmont Facility for $2.3M
Commercial property management and investment firm Tepuy Properties has closed on its third purchase of the year with the acquisition of a 16,500-square-foot light manufacturing facility at 1650 Skyway Dr. in Longmont. The Boulder-based real estate syndicator purchased the single-story property for $2.3 million. Located in unincorporated Weld County, the property is three …
Apartment Property Near Denver’s City Park Sells for $88.7M
Park 17, a 190-unit Class A multifamily property located at 1210 East 17th Avenue in Denver, has sold for $88.7 million. Dave Martin, managing director, and Brian Mooney, vice president of NorthMarq’s Denver investment sales team, represented the seller, Kairoi Residential. The buyer is an entity tied to Houston-based Lionstone Investments. …
Utah-Based Data Center Company Acquires Two-Building Campus in Colorado Springs
Utah-based Novva Data Centers, a privately held company that provides wholesale and multi-tenant colocation infrastructure services, has acquired a two-building campus, comprising a Tier 3+ data center and industrial facility in Colorado Springs, for $38.5 million. The sale represents Novva’s introduction into the Colorado market. The JLL Capital Markets Data Center team based …
Well-Positioned Office Building in Lakewood Sells to CCU
Colorado Christian University (CCU) recently paid $5 million for a 35,741-square-foot office and medical building—formerly known as Key Bank Plaza—located at 333 S Allison Parkway in Lakewood, just one block from the amenity-rich Belmar regional shopping mall. CCU plans to use the building for its main offices and the future site of …
Denver’s Sports Castle Building to be Revitalized
The Denver Sports Castle building located at 1000 Broadway has been purchased by a partnership led by longtime Denver construction leader Tom McLagan, the executive chairman of Hyder Construction. Included in the sale is the parking lot across the street at 972 Broadway. A sale price was not disclosed. McLagan …
Desirable Office Building on South Pearl Street Sells for $1.5M
A 3,501-square-foot commercial office property located at 710-712 South Pearl Street in Denver has sold for $1.5 million. The building boasts incredible office space with tall ceilings, exposed brick, and polished concrete floors. The building includes six tenant spaces including a main floor office, two upstairs offices, two upstairs executive …