Vintage Multifamily Property in Aurora Sells for $29M
Denver-based owner/operator Summit Communities has acquired Highline Lofts Apartments, a 112-unit, 1972-vintage multifamily property located at 456 South Ironton Street in Aurora, for $29,075,000 million. Northmarq’s Colorado Multifamily Investment Sales team of Alex Possick, Rich Ritter and Seth Gallman listed represented the seller, Lowe Property Group. “The sale of Highline Lofts …
Access 25 Logistics Park in Northern Metro Denver Launches First Spec Building
As industrial space sees record levels of demand across metro Denver, Access 25 Logistics Park, a 300-acre industrial park under construction in Mead, has launched its first speculative building that will deliver 120,250 square feet in the fourth quarter of 2022. The innovative, new logistics park by Broe Real Estate Group …
CBRE Brokers $30.6M Sale of Aviator Apartments in Colorado Springs
Aviator, a 147-unit apartment home community in Colorado Springs, has sold to Life Bridge Capital for $30.6 million. Kevin McKenna, Saul Levy, Mackenzie Walker and Jessica Graham with CBRE’s Colorado multifamily investment sales team represented the seller, an affiliate of Crossbeam Capital. Aviator comprises five, 2.5-story buildings on nearly five acres. Most …
Dierks Bentley’s Whiskey Row Sells to Local Real Estate Investor
Monfort Companies, a community-minded investment and development company, has closed on the sale of 1946 Market St. in LoDo. The property, currently occupied by Dierks Bentley’s Whiskey Row, sold for $24 million to Jim Blumenthal, a local real estate investor. “The sale of 1946 Market St. raises the economic value and …
Industrial Food Production Facility in Louisville Changes Hands
Ivy Realty, a Greenwich, CT-based real estate investment, development and management company, has acquired 1850 Dogwood, a 58,901-square-foot industrial warehouse/production facility located in Boulder County’s premier Colorado Tech Center (CTC), developed by Etkin Johnson. Denver-based Essex Financial Group (“Essex”) secured $7.9 million in acquisition financing on behalf of Ivy Realty, to source the five-year, fixed-rate …
Highland Place Office Property in Centennial Sells for $22.2M
Calif.-based Dornin Investment Group has sold its office property Highland Place I, located at 8085 S Chester St, in Centennial. The pristine building was sold to Bridle Dale LLC on Wednesday, February 16 for a contract price of $22.2 million. Built in the 1980s, Highland Place I features 138,771 square feet …
Greystar Acquires Student Housing Portfolio at CU Boulder
A two-property, 282-unit pedestrian student housing portfolio at the University of Colorado, Boulder has sold t0 Charleston, S.C.-based Greystar for an undisclosed amount. The Hive 9Seventy is located at 970 28th Street and The Hive Baseline is located at 2726 Moorhead Avenue. Both properties offer residents walkability and easy access …
Illegal Pete’s Inks Lease at Revitalized Retail Community in Wheat Ridge
Gold’s Marketplace, a 59,000-square-foot revitalized retail community in Wheat Ridge, will be the newest location for Colorado’s popular fast-casual restaurant Illegal Pete’s. Projected to open at the end of 2022, the restaurant will occupy a 3,000-square-foot space alongside an exciting collection of locally-based small businesses. “We are excited to join …
Aurora Apartment Community Sells for $143M
Intercontinental Real Estate Corporation, in a joint venture with MG Properties, has acquired Stone Cliff Apartments, a 394-unit garden-style multifamily community in Aurora for $143 million. Intercontinental will infuse fresh capital into the property, renovating unit interiors to maintain and enhance the community’s competitive position in the marketplace. Built in …
Granite Properties Acquires First Avenue Plaza in Cherry Creek
In an effort to expand its portfolio of well-located, high-quality work environments, Granite Properties has acquired First Avenue Plaza, a two-building office complex consisting of 44 Cook Street, a 10-story, Class-A, 127,000 square foot building, and 55 Madison Street, an 8-story, Class-A, 137,000-square-foot building. Peter Merrion, Mark Katz and Hilary Barnett of JLL represented the …