Light-Rail Expansion Highlights Office and Investor Demand in Denver
Denver’s office market is remarkably resilient and healthy, according to Marcus and Millichap’s 2020 Office Investment Forecast. Developers have remained disciplined when considering new projects over the past few years. Even speculative office space is largely focused in the major office districts of LoDo, the CBD and near the Denver …
Etkin Johnson Announces Plans for Industrial/Flex Campus with I-25 Visibility
Etkin Johnson Real Estate Partners is continuing to make moves throughout the Front Range’s emerging submarkets. Today, the firm announced the acquisition of a 14.18-acre parcel along I-25 near Crossroads Boulevard in Loveland with plans to develop a two-building, 200,000-square-foot industrial/flex campus dubbed Axis 25. The purchase – which offers …
Office Asset in Colorado Springs Sells for $15M
Centennial Technology Center, located at 4820 and 4920 Centennial Boulevard in Colorado Springs, has sold for $15 million to Alturas Capital Partners of Eagle, Idaho. Patrick Devereaux, James Brady and Campbell Davis of CBRE’s Denver office represented the seller, Presidio Property Trust from San Diego, Calif. “Centennial Tech is a …
Multi-Tenant Office/Flex/R&D Investment Asset in Broomfield Sells for $11.2M
A 65,127-square-foot multi-tenant office/flex/R&D investment asset at the Interlocken Business Park in Broomfield, has sold for $11.2 million. NavPoint Real Estate Group represented the seller, Silverwood Investments LP of Castle Rock, in this transaction. The buyer, 295 Interlocken Boulevard LLC, was represented by Eric Rutherford of WK Real Estate. The transaction successfully closed in February …
Mixed-Use Development in Louisville Coming Summer 2020
South & Main, a new, 10,059-square-foot mixed-use development located at 957 Main Street in Louisville scheduled to be complete summer 2020, is officially available for lease. Molly Bayer, a senior associate with CBRE’s Retail practice in Boulder, is representing the property owner, Barbara Iglesias. Hartronfit is the architect for the …
Tech and Big Deals Dominate Office Leasing in Denver
2019 was another solid year for office leasing in the U.S., according to Cushman & Wakefield’s latest report. The tech-heavy West region, including Denver, recorded the largest volume of leasing. Key Takeaways Leasing activity was strong and stable in 2019, at roughly the same volume as in 2018. The West …
Denver Flex Portfolio Sells for $81.8M
A joint venture partnership between ScanlanKemperBard (SKB) and Harbert Management Corporation has acquired 3800 Steele Street, an 11-building portfolio totaling 452,014 square feet of industrial, flex and office space in a qualified opportunity zone in Denver. JLL Capital Markets worked on behalf of the borrower to place the three-year, floating-rate …
Northstar Sells MOB in Lafayette to Boulder County
Denver-based Northstar Commercial Partners has sold its 40,169-square-foot medical office building located at 1755 S. Public Road in Lafayette for $12.8M, to the County of Boulder. “We are very pleased with the sale of this newly constructed asset to Boulder County,” said Brian Watson, founder & CEO of Northstar. “It is …
Idaho-based Investment Company Acquires 2-Building Office Portfolio in Colorado Springs
Boise, Idaho-based Alturas Capital Partners has purchased Centennial Technology Center, a 2-building office portfolio totaling 110,405-square-feet in Colorado Springs. Baxter Fain and Christina Grimme of Cushman & Wakefield Denver’s Equity, Debt & Structured Finance Group handled the $11,242,409 acquisition financing and worked on behalf of the buyer to provide 10-year, fixed-rate financing. …
Progressive Insurance Joins The Offices at Victory Ridge
Progressive Casualty Insurance Company has signed a lease for 18,089 square feet of office space at The Offices at Victory Ridge, the first Class A speculative office development in Colorado Springs in over a decade. Brad T. Bird with CBRE’s Colorado Springs office and John Marold with CBRE’s Denver office represented the landlord, …