DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Stonegate, a 350-unit, garden-style multi-housing community in Broomfield, Colorado.
HFF marketed the asset exclusively on behalf of the seller. Summit Management Services, Inc. purchased the property.
Stonegate has 18 two- and three-story buildings offering a mix of one-, two- and three-bedroom apartment homes with attached and detached garages. The 24-acre property is located at 11815 Ridge Parkway less than three miles west of Highway 36. Stonegate, the approximate midway point between downtown Denver and Boulder, offers sweeping views of the Rocky Mountain Front Range. The property is just west of Interlocken Business Park, which is northwest Denver’s most prominent office park with more than four million square feet of office space, and Flatiron Crossing, which comprises more than two million square feet of retailers, dining, hotels and entertainment options. Community amenities include a resort-style swimming pool, hot tub, grilling area, playground, dog park, 24-hour fitness center, resident lounge with full kitchen and fireplace, and sweeping views of the Rocky Mountain Front Range. The property is 95 percent occupied.
The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.