CBRE Completes 31,000-Sq.-Ft. Office Sublease in Fort Collins
CBRE has completed an office sublease for ASRC Federal Holding Company at 3420 East Harmony Road in Fort Collins. Matt Patyk of CBRE’s Fort Collins office and Dominic Orfitelli of CBRE’s McLean, Va., office represented the tenant in the 31,000-square-foot sublease. The sublease commences in the third quarter of 2020. The sublessor is …
Affordable Housing Portfolio Sells in Northern Colorado
Three affordable housing apartment communities in Northern Colorado have sold for $8,650,000, according to Skyler G. Cooper, regional manager of Marcus & Millichap’s Denver office. Together, Centennial Village in Evans, the Camelot Apartments in Greeley, and the Villa 14 Apartments, also in Evans, total 104 units. This was the buyer’s first …
4.7-Acre Infill Redevelopment Site in Globeville Sells for $6M
The Salvation Army has sold its 4.7-acre infill redevelopment site at 4751 Broadway in the heart of Denver’s Globeville. According to Cushman & Wakefield, Wolf|Stutz Investments purchased the property for $6 million. Situated on nearly five acres, 4751 Broadway contains approximately 85,453 square feet of existing warehouse, dormitory and office …
Pepsi Signs Lease at 66-acre Infill Logistics Business Park in Denver
Pecos Logistics Park, a 66-acre infill logistics business park being developed by Denver-based Westfield Company Inc. has signed its first high profile tenant. PepsiCo Beverages North America (PBNA) has signed a 283,500-square-foot lease at the business park, which is currently under construction at the northwest corner of 56th Avenue and Pecos …
Mobil Gas Station Changes Hands in Greeley
A Mobil branded gas station and convenience store located at 2201 8th Ave, Greeley, has sold for $1,017,000. After generating interest from many prospective groups, the property was sold to a local buyer with plans to continue operating the business. The 2,088-square-foot station, built in 1968, is only a few blocks South of the …
Oak Coast Properties Buys Apartment Community in Colorado Springs for $37M, Planning Renovation
Cottonwood Terrace, a 200-unit apartment community located in Colorado Springs, has been sold to Oak Coast Properties for $37.25 million. The firm is planning a $1.5 million renovation to the community as part of a value-add investment strategy aimed at the vast number of millennials moving into the region and looking for …
Steelhead Composites Inc. Leases Warehouse in Wheat Ridge
Steelhead Composites Inc,, a Colorado-based company that specializes in making metal containers that are filled with liquid or gas at high pressures, has signed a lease for Unit 150 in the Jeffco West Building at 11900 W. 44th Ave. in Wheat Ridge, according to Todd Brown, Commercial Broker & Advisor at …
Short-Term Rental Community in Denver Sells for $1.9M
4000-4010 West Conejos Place, a 4,900-square-foot multifamily property in Denver, has sold for $1.9 million. The sale signals a growing trend in short-term rental property investment. Robert Bratley with CBRE’s Denver office represented the seller, a private local investor, in a sale that closed July 17. “4000-4010 West Conejos Place has a lodging …
81-Acre Mixed-Use Business Park Coming to Broomfield
St. John Properties, Inc. intends to invest $95 million to develop Simms Business park, a 600,000-square-foot mixed-use community on 81 acres of land in Broomfield. Construction activities for phase one are expected to commence in early 2021. Purchased from Brocade Communications Systems, LLC, the business community located at the intersection of N. Simms Street …
Portfolio of Brakes Plus Properties Sells for $6.95M
Marcus & Millichap has arranged the sale of a portfolio of three Brakes Plus properties located at 16770 East Iliff Avenue, Aurora, 9297 South Broadway, Highlands Ranch, and 24550 East Smoky Hill Road, Aurora, according to Drew Isaac, senior vice president and senior director of the Net Leased Properties Group and …