Westminster Apartment Complex Sells for Over $200 Per SF
The Willowbrook Apartments in Westminster has sold for $11.75 million ($123,684 per unit and $204 per square foot) – the fourth highest price per square foot sale in Westminster for pre-1980s constructed multifamily assets. Willowbrook is a 95-unit apartment community built in 1973 and located at 7155 Raleigh Street in …
Denver Flex Portfolio Sells for $81.8M
A joint venture partnership between ScanlanKemperBard (SKB) and Harbert Management Corporation has acquired 3800 Steele Street, an 11-building portfolio totaling 452,014 square feet of industrial, flex and office space in a qualified opportunity zone in Denver. JLL Capital Markets worked on behalf of the borrower to place the three-year, floating-rate …
Denver Apartment Sale Breaks Price Per Square Foot Record
3206 Osage St, a 20-unit apartment building in the Lower Highlands neighborhood of Denver, has sold for $7.1 million and a record-setting $707 per square foot. Barton Thompson & Josh Newell of the Newell Team at Pinnacle Real Estate Advisors, LLC facilitated both sides of the transaction, the seller The Situs …
Northstar Sells MOB in Lafayette to Boulder County
Denver-based Northstar Commercial Partners has sold its 40,169-square-foot medical office building located at 1755 S. Public Road in Lafayette for $12.8M, to the County of Boulder. “We are very pleased with the sale of this newly constructed asset to Boulder County,” said Brian Watson, founder & CEO of Northstar. “It is …
30 Acres in Commerce City Sells to Chicago-based Industrial Outdoor Ventures
Chicago-based Industrial Outdoor Ventures (IOV) has closed on two land sale transactions in the Denver metro area, totaling approximately 30 acres. Located at 10600 Havana Street and 8780 E. 93rd Place in Commerce City, both sites will be developed into industrial buildings with outdoor storage. Newmark Knight Frank’s (NKF) Mike …
Idaho-based Investment Company Acquires 2-Building Office Portfolio in Colorado Springs
Boise, Idaho-based Alturas Capital Partners has purchased Centennial Technology Center, a 2-building office portfolio totaling 110,405-square-feet in Colorado Springs. Baxter Fain and Christina Grimme of Cushman & Wakefield Denver’s Equity, Debt & Structured Finance Group handled the $11,242,409 acquisition financing and worked on behalf of the buyer to provide 10-year, fixed-rate financing. …
Industrial-Hybrid Property in Englewood Sells for $16M
A 92,080-square-foot industrial-hybrid property in Englewood, home to one of the nation’s largest climbing gyms, has sold for $16.14 million. Jeremy Ballenger, Tyler Carner, Jim Bolt and Jessica Ostermick with CBRE Denver represented the seller, Ogilvie Properties based in Denver. Call Family Trust from Monterey, Calif., purchased the property in a sale that closed Feb. 12. …
Progressive Insurance Joins The Offices at Victory Ridge
Progressive Casualty Insurance Company has signed a lease for 18,089 square feet of office space at The Offices at Victory Ridge, the first Class A speculative office development in Colorado Springs in over a decade. Brad T. Bird with CBRE’s Colorado Springs office and John Marold with CBRE’s Denver office represented the landlord, …
NexGen Properties Acquires Rare Value-Add Industrial Building in Littleton
Greenwood Village-based NexGen Properties, LLC has acquired Shaffer Tech Center, a 100,550-square-foot industrial building located at 7910 Shaffer Parkway in Littleton, for $7.8 million. Shaffer Tech Center was built in 2002 and served as the home of Apria Healthcare for 15 years. The building features a 24’ clear height, 13 dock-high doors with 4 …
Brand-New Industrial Center in Broomfield Sells for $47.8M
Interpark Industrial Center, a two-building, 239,816-square-foot property located at 11325 Main Street and 11380 Reed Way in Broomfield sold for $47.8 million on Feb 6. to Stockbridge Real Estate of San Francisco. Tyler Carner, Jeremy Ballenger, Jim Bolt, Jessica Ostermick and Frank Kelley with CBRE’s Denver offices along with Jeremy Kroner of CBRE’s …