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 …
Knightbridge Capital Buys Value-Add Multifamily Property in Denver
Knightbridge Capital, a Denver-based real estate investment firm, has acquired Gaucho Apartments at 1201 N Clarkson Street in Denver’s Capitol Hill neighborhood. Kyle Malnati, Sam Bretz, and Zack Jenkins of Calibrate Real Estate represented the seller, Tremont Investment Group, in this transaction. Gaucho Apartments is a 39-unit property, built in …
Crescent Real Estate Completes Sale of 1 MSF Office Portfolio in Colorado Springs for $180M
Centennial-based Crescent Real Estate LLC has sold its premier Class A office portfolio in Colorado Springs. Totaling 1.02 million square feet, the monumental portfolio comprises 13 buildings that were sold as either individual buildings or micro-portfolios to multiple buyers during the past four years for an aggregate price of approximately $180 …
CP Group Leases 150,000 SF at Granite Tower
One year since CP Group acquired Granite Tower in downtown Denver, the firm has executed nearly 153,000 square feet of leasing activity at the 600,000-square-foot, 31-floor office tower. The recent activity includes the completion of 45,000 square feet in new leases in the last year. Leasing activity since CPG began its ownership …
JLL Capital Markets Arranges the Refinancing of Northglenn Marketplace
JLL Capital Markets recently closed the $28.85 million refinancing of Northglenn Marketplace, a high-profile regional shopping center situated adjacent to I-25 in Northglenn, Colorado, a high-performing suburb approximately a 15-minute drive north of Denver. JLL marketed the property on behalf of the borrower, a joint venture managed by Hutensky Capital …
Block 162 Surpasses 50 Percent Occupancy with New Office Lease
According to national real estate firm Patrinely Group, Matillion, the international leader in data productivity whose platform enables data teams to get data business-ready faster, has signed a 29,181-square-foot lease on the 21st floor of Block 162. Located at 675 15th Street, between Welton and California Streets in downtown’s Central Business …
Student Housing Property Opposite Denver University Sells for $24.5M
Berkadia recently announced the sale of University Lofts — a 36-unit, 98-bed, mixed-use student housing property located at 2373 E. Evans Ave. in Denver — for $24.5 million, to an undisclosed buyer. Senior Managing Director Kevin Larimer of Berkadia Detroit, Brandon Buell of Berkadia Houston, and Senior Director Nick Steele and Directors Tyler …