$23M Sale of 6.31-Acre Site in DTC Underscores Demand for Multifamily Product in Metro Denver
Denver-based commercial real estate firm EverWest Real Estate Investors has sold a 6.31-acre site in the heart of the Denver Tech Center submarket, for the planned development of a new Class A, mixed-use multifamily community. At $23 million, the sale underscores the ongoing demand for metro Denver multifamily product. The …
PepsiCo Acquires 152 Acres for the Construction of 1.2M SQFT Manufacturing Facility
PepsiCo Beverages North America (PBNA) has acquired nearly 152 acres of land at the Denver High Point development area where it will build a state-of-the-art, 1.2 million-square-foot manufacturing facility that is set to be the largest, most sustainable PepsiCo Beverages North America plant in the U.S. PepsiCo purchased the site from Westside …
Hines Buys Land in RiNo for 10-Story Multifamily Development
Hines and investment partner Cresset Real Estate Partners have purchased 2.35 acres of vacant land in the North Wynkoop 14-acre master plan located in RiNo, from Denver-based Westfield Company Inc. Hines plans to develop a 10-story, 392-unit multifamily building on the site. “This acquisition represents one of the last available developable sites in RiNo, …
Embrey Partners Buys Land in Lakewood to Develop 354-Unit Apartment Community
San Antonio-based Embrey Partners has purchased 11085 and 11001 W Colfax Ave, a 190,990-square-foot 4.38-acre land assemblage in Lakewood. Pending approvals from the City of Lakewood, the developer plans to demolish the small existing building that is currently home to a window tinting business and develop Bel Aire – a new …
Leeds West Groups Launches Greenfield Build Projects
Greenwood Village-based Leeds West Groups (LWG), a firm that acquires, owns, and manages national automotive repair franchise brands within its portfolio, has launched a greenfield new build program and plans to secure six to eight land plots in the next 120 days throughout Colorado, New Mexico, and Texas. The locations are …
JAGreen Development to Build 2MSF Industrial Park Near DIA
Denver-based JAGreen Development LLC (JAG), the owner/developer of the recent JAG Logistics Center @ DEN, in partnership with an affiliate of Raith Capital Partners, has acquired 157 acres of land along the 56th Avenue corridor in Aurora for the development of AEROS Logistics Center (AEROS), a 2 million-square-foot Class A industrial …
Brennan to Develop Three Class A Distribution Buildings in Thornton
Brennan Investment Group has acquired 24 acres at the southwest corner of 128th and Washington Avenue in Thornton. Located in the growing North I-25 industrial submarket, the site provides highway visibility from Interstate 25. Brennan will develop three Class A distribution buildings, totaling 300,000 square feet. “The site has tremendous appeal …
Phoenix-Based Land Acquisition Leader Seeks Opportunities in Denver to Expand Build-for-Rent Portfolio
In an effort to quickly expand its single-family, build-for-rent portfolio, Phoenix-based VT LandGroup is actively seeking to purchase land parcels in several target markets throughout the country, including Denver. VT LandGroup is targeting land parcels that are in close proximity to employment centers, or close to transportation corridors in Atlanta, Austin, Charlotte, …
DEN Seeks Offers for 26-Acre Real Estate Opportunity
Beginning today, Denver International Airport (DEN) is seeking offers from qualified developers, investors and users for hospitality, retail, and/or office development, for a 26-acre real estate opportunity, called West Approach, located at the intersection of Peña Boulevard and North Gun Club Road. West Approach, is a mixed-use development district, and part of Denver’s …
7.14-Acres of Industrial Land in Denver Sells for $6.7M
Starpoint Properties, a real estate investment and operating company focused on the acquisition, development and redevelopment of multifamily and commercial properties, has purchased a 7.14-acre industrial land parcel in Denver for $6.7 million. The parcel, located at 1701-1761 E 68th Avenue, is zoned I-2 with outdoor storage permitted, allowing it to accommodate heavy industrial users …