Dutch Bros Property Positioned Along Major Roadway Fetches $2.1M
Cushman & Wakefield announced today the firm has brokered the sales of three newly constructed freestanding drive-thru retail buildings fully leased to Dutch Bros Coffee—including one in Commerce City, Colorado and two in Arizona—for a total combined value of $5.65 million. 15431 E 104th Ave in Commerce City, a new …
Amazon Best Positioned to Serve Surging E-Commerce Demand
With covid-19 prevention measures accelerating e-commerce adoption among consumers, retailers offering one-stop shopping and efficient delivery – such as Target, Walmart, and Amazon – are seeing strong online sales. CoStar data reveals Amazon is all but certain to retain its standing for highest online sales. Amazon’s head start in building …
Denver Street Closures Approved
Last week, the City and County of Denver announced that the Colorado Department of Public Health and Environment (CDPHE) approved of a series of variance requests that will allow for street closures and other measures that will ensure that businesses can open successfully while ensuring adequate physical distancing space for …
O’Reilly Auto Parts in Fountain Sells for $2.4M
A 7,150-square-foot single tenant net leased O’Reilly Auto Parts retail investment located at 7985 Fountain Mesa Road, in Fountain, Colorado has sold at the full asking price of $2.4 million. Constructed in 2017, the property is part of the Markets at Mesa Ridge shopping center. This busy retail center is anchored by …
Lowry’s Exchange at Boulevard One Tops Out
Development partners Confluent Development and Kelmore Development held their first virtual topping out event amidst the landscape of new COVID-19 protocols, celebrating the construction milestone for the commercial mixed-use redevelopment project in the heart of Denver’s revitalized Lowry neighborhood: Exchange at Boulevard One. Even amid COVID-19, the project’s initial phase …
Construction Begins on 6-Story Commercial Building in Cherry Creek North
Denver-based real estate investment company BMC Investments (BMC) has begun construction on a 76,000-square-foot, six-story commercial building at 240 St Paul Street in Cherry Creek North. A yet to be announced, world class fitness club and popular fitness brand will anchor the new building, taking 33,000 square feet on the first three floors. …
Navigating a Return to the Workplace
By Katie Rapone, editor. As restrictions are lifted surrounding the global economic crisis of COVID-19, businesses will reopen and organizations will begin to bring workers back into the physical workplace. The safety of their employees is paramount in this process and many companies are looking to the CRE industry to …
Leasing of Flex Space in Frederick Prompts Neighboring Land Sale
5.03 acres of land located at 4465 Salazar Lane in Frederick, CO has sold for $700,000. In addition, 100 percent of the 12 units at a new 30,000-square-foot flex space in a neighboring area located at 4030 Bruin Blvd, were leased to small business owners including contractors, financial advisor, coffee roaster, pool …
Denver to Consider Rapid Activation of Commercial Streets
By Katie Rapone, editor, Mile High CRE In a letter to Mayor Michael Hancock, the Downtown Denver Partnership has proposed plans to temporarily shut down streets in nine of Denver’s popular neighborhoods, to allow retail and restaurants to utilize sidewalk and street space during the pandemic. According to the DDP, …
Boulder Shopping Center Garners Significant Lender Interest
JLL Capital Markets has arranged a $26.7 million refinancing for Alcove on Arapahoe, a 159,050-square-foot shopping center in Boulder. Alcove on Arapahoe is anchored by premier retailers including Safeway, HomeGoods, Verizon Wireless and Flower Child. The property was built in 1957 and most recently renovated in 2019. The center is …