BrokerageOffice

Kärcher Headquarters Near DIA Available for Sublease

CBRE has been awarded the exclusive leasing assignment for the sublease of Kärcher North America’s headquarters building, located at 4555 Airport Way in Denver. Mitch Bradley, Sergio Castaneda and Megan Strauss with CBRE are marketing the property for sublease, which expires December 31, 2025. “This Class A office building is well-positioned in the …

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BrokerageMultifamily

Apartment Sale Near Swedish Medical Center Demonstrates Continued Velocity

Creekside Apartments, a 17-unit apartment community near Swedish Medical Center in Englewood, has sold for $2,450,000. The sale represents a strong value-add opportunity in an area poised for growth. Matthew Beverly, Boomer Beatty and Peter Standley, all investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to …

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BrokerageMultifamily

Boulder Apartment Community Receives $22.4M Loan

Copper Ridge Apartment Homes, a 129-unit, garden-style community located in Louisville, has received $22.4 million in refinancing. Newmark Knight Frank (NKF) arranged the Freddie Mac, 10-year, fixed-rate refinancing. Though the refinance application was submitted in December, the borrower decided to postpone the closing date to April 1, 2020, at which time there would be no pre-payment …

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BrokerageHealth

Cushman & Wakefield Releases How-to Guide for Reopening Workplaces

Cushman & Wakefield is leading the development of best practices, products and partnerships to prepare clients for post-COVID-19 recovery and the eventual return to the workplace. The brokerage firm recently released Recovery Readiness: A How-to Guide for Reopening your Workplace, a comprehensive guide for real estate tenants and landlords on reopening workplaces …

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BrokerageDevelopmentIndustrialInvestment

Black Creek Group Expands Presence in Denver Industrial Market

Black Creek Group, a Denver-based real estate investment management firm with a more than 25-year history, recently purchased a 151,000-square-foot Class B industrial building at 5000 Lima St. in Denver. The property is currently 100 percent leased to courier service provider Express Messenger Systems. EXDO Properties – which oversees the management of …

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BrokerageMultifamily

Congress Park Apartments Sell for $18.9M

Private local investor Elterra Investments has purchased Garfield Park, a 78-unit multifamily property located at 1300 and 1325 Garfield Street in Denver’s Congress Park neighborhood for $18,875,000. First Vice President Robert Bratley with CBRE’s Denver office represented Elterra Investments, who acquired the property in a sale that closed April 14. The name of …

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BrokerageOfficeTransit

Investor Takes Advantage of Low Rates, Acquires Centennial Office Building

Arapahoe Plaza East II, located at 7955 East Arapahoe Court in Centennial, has sold for $3,525,000. The 29,140-square-foot multi-tenant office building was 96 percent occupied at the time of sale with a diverse tenancy of professional office tenants who were attracted to the building’s ideal location and recent improvements to the interior suites …

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BrokerageOffice

Mixed-use Campus in Littleton Sells for $2.8M

A 22,000-square-foot commercial mixed-use campus in Ken Caryl has sold for $2,790,000 ($126.82/SF). The four-building campus, located in Littleton, came equipped with six tenants, and room for the buyer to occupy the remaining space as an owner/user. Corey Sandberg, advisor with Pinnacle Real Estate Advisors, LLC represented the seller in the …

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BrokerageRetail

Multi-Tenant Retail Asset in Thornton Fetches $4.8M

NavPoint Real Estate Group has completed the sale of an 8,573-square-foot multi-tenant net lease investment asset located at 7315-7375 East 128th Avenue in Thornton. The transaction successfully closed in April 2020. Built in 2018, the property is a single-story masonry building situated on 1.743 acres. The exterior of the property features a roof line …

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BrokerageMultifamily

Denver Multifamily Portfolio Sells for $12.2M

A three-property multifamily portfolio, located in Denver’s Cheesman Park and Congress Park neighborhoods, has sold for $12.2 million. Robert Bratley with CBRE’s Denver office represented the seller, a private local investor. An unnamed large local investment group purchased the 51-unit, 31,280-square-foot portfolio in a sale that closed March 31. The buyer plans to renovate …

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