Garden-Style Apartment Community in Colorado Springs Provides Impressive ROI
Following the purchase and renovation of a 288-unit, garden-style apartment community in Colorado Springs, Texas-based Lynd Acquisitions Group (LAG) has sold the property for $67.5 million, surpassing investment goals three years sooner than anticipated. Lynd bought the Village at Lionstone in December 2020, at the height of the pandemic, for …
Grange Hall Sells to Leading Adult Nightclub Operator
Houston-based RCI Hospitality Holdings, Inc. purchased Troy Guard’s Grange Hall, located at 6575 Greenwood Plaza Blvd. on Dec. 19, as part of RCI’s expansion in the greater Denver area. RCI paid $5.2 million, consisting of $1.875 million in cash and a 5-year, 6.67% bank financing note with a 25-year amortization, according to a …
Buffalo Wild Wings in Castle Rock Sells for $2.5M
Marcus & Millichap recently brokered the sale of a Buffalo Wild Wings property strategically located at the Promenade at Castle Rock, adjacent to the Outlets at Castle Rock. The property sold for $2,525,000 or $399.46 per square foot. The property is a part of Buffalo Wild Wings’ new restaurant design, featuring a unique …
Trailbreak Partners Pays $12M for Future Site of 18-Story Residential Project
According to property records, Denver-based Trailbreak Partners has purchased commercial/retail property located on the northeast corner of East 8th Avenue and Lincoln Street at 808 N. Lincoln St., for $12.04 million. The site is currently home to LowDown Brewery & Kitchen and amounts to a total of 14,730 square feet. According to a September press release, Trailbreak …
Archway Communities Announces Acquisition of Montview Manor Senior Housing
Archway Communities, Inc., a faith-based affordable housing nonprofit, closed on the purchase of Montview Manor located at 1663 Steele Street, Denver, on December 14, 2022, adding the 13-story building to its existing portfolio of 10 properties. The 88-unit property is located half a block off of City Park and serves …
Two Art Concepts Join Boulder’s Pearl Street Mall
Two new art-themed organizations have joined Boulder’s famed Pearl Street shopping and dining district. Colorado Glass Works leased retail suite D at 1500 Pearl St., and The New Local leased an office suite at 741 Pearl St. “People come to Boulder’s Pearl Street from all over the country knowing they …
Newly Built Retail Property in Colorado Springs Sells for $8.5M
Marcus & Millichap announced today the $8.5 million sale of the Sand Hill Shops property located at 7875-7895 Silicon Heights in Colorado Springs. The property was 100 percent leased at the time of sale, includes eight tenants, and features two drive-thrus. Built in 2022, the 5,706-square-foot property was sold by Armstrong …
Lovett Industrial Acquires 15 Acres in Denver for Industrial Development
Houston-based real estate investment firm Lovett Industrial closed on 14.95 acres of land in Denver in early September 2022, and in November, broke ground on Broadway Logistics Center, a 201,329-square-foot Class A front-park rear-load building. “The Denver MSA’s population growth shows no signs of slowing. Broadway Logistics Center is uniquely positioned …
Central Denver Office Warehouse Sells for First Time in 50 Years
A 44,986-square-foot office, light industrial and warehouse facility located at 2506-2596 West Barberry Place in Denver that has been privately held since the late 1960s, has been sold to a Canada-based fund for $7,965,000. Prior to the closing, the facility had been privately held since the late 1960s. The property was fully leased …
Luxury Townhome Development in Keystone 80% Sold Before Breaking Ground
The first new home development to be constructed in River Run Village in over 20 years, is now over 80 percent sold, only two weeks following the developer’s land purchase. As pioneers in the original development of Keystone Resort, Colorado’s River Run Village, former executives of Intrawest Corporation have returned …