Denver Apartment Community Sells for $44.9M

Park at Canyon Ridge

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) today announced the $44.9 million sale of The Park at Canyon Ridge, a 272-unit, garden-style apartment community in southeast Denver.

The HFF team marketed the asset exclusively on behalf of the seller, Jackson Square Properties. ColRich Multifamily purchased the property subject to existing debt.

The Park at Canyon Ridge is located at 9757 E. Colorado Avenue near the intersection of Havana Street and Florida Avenue in southeast Denver.  Situated within walking distance to major retailers, the property is also convenient to light rail service, top-rated schools and major employment drivers, including the Fitzsimons Medical Campus, the dynamic Southeast Business Corridor and Buckley Air Force Base.

The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private balconies, and a generous amenity package highlighted by a large swimming pool, fitness center and spacious dog park. The Park at Canyon Ridge is 94 percent leased.

The HFF investment advisory team representing the seller included Managing Director Jordan Robbins and Directors Jeff Haag and Anna Stevens.

Image courtesy of HFF.


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