Parker Senior Housing Community Trades
JLL’s Seniors Housing team represented the seller, a real estate private equity group. An affiliate of Meridian Senior Living, LLC (“Meridian”) purchased the community for an undisclosed amount. Meridian will the community on behalf of an institutional investor.
Completed in 2018, Pine Grove Crossing offers 100 assisted living and 27 memory care units in a three-story building. Residents have access to weekly shuttle bus excursions, private transport services for appointments, a beauty salon and barbershop, a gym with daily fitness classes, a library and outdoor patio space. In addition, all-day, full-service dining is provided to all residents and there is also an on-site bistro for coffee and pastries. Pine Grove Crossing is currently over 90% occupied.
The property is located at 19160 Cottonwood Dr. on a 4.41-acre site with plentiful surface parking. The immediate area surrounding the property is home to many retail establishments, including Trader Joe’s and Costco, a major Advent Health Medical Center and is proximate to two heavily traveled state highways.
Marcus & Millichap Arranges the Sale of a 12-Unit Apartment Building in Boulder
Marcus & Millichap announced the sale of Alpine Apartments, a 12-unit apartment property located in Boulder, according to Adam A. Lewis, regional manager of the firm’s Denver office. The multifamily asset sold for $5,085,000.
Matthew T. Berk and Clayton Primm, investment specialists in Marcus & Millichap’s Denver office, exclusively represented the seller, a limited liability company.
Alpine Apartments, built in 1958, is located at 1820, 1840, and 1860 Alpine Avenue, just a short walk from Boulder’s iconic Pearl Street and Ideal Market. The property consists of four two-bedroom, one-bathroom units and eight one-bedroom, one-bathroom units, with private balconies for each unit. Tenants primarily include young professionals drawn to the property’s desirable location and modern amenities.
The transaction generated 17 written offers, with interest from buyers in three states and one international party. The property ultimately sold at a 3% CAP (T12) and a pro-forma CAP rate of 3.9%, with a price of $706.25 per net rentable square foot, or $365,625 per bed.
This rare sale underscores Boulder’s continued market strength, demonstrating that well-positioned properties can achieve premium pricing even in a down market.
Pinnacle Announces Sale of 1,378 SF Retail Building in Denver
Pinnacle Real Estate Advisors, LLC in connection with Sharing Connexion Inc, a Colorado non-profit, announced the sale of a 1,378-square-foot retail building for $1,250,000 located at 472 N Broadway in Denver. Corey Sandberg, vice president, represented the seller, SCI – 472 Broadway, LLC, in the transaction.
“We are proud to have completed this transaction on behalf of a well-respected non-profit and Sharing Connexion. Sharing Connexion is a CO non-profit that assists other non-profits with strategy, management, acquisition, and disposition of donated real estate. Working closely with Sharing Connexion on the strategy for the disposition of the Property, our team was able to create a highly competitive, multiple-offer environment that ultimately resulted in a quick and painless cash Closing, maximized the dollar value to the non-profit, and made the value liquid. We are thrilled with the outcome and are happy to have assisted two excellent non-profits in furthering their missions.” Stated Sandberg.
House Apartments: $7.5M Loan Secured for Multifamily Community in Eagle
JLL Capital Markets recently arranged a $7.517 million financing for House Apartments, a 54-unit multifamily property in Eagle, Colorado.
JLL represented the borrower, Brikwell, to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Situated in the heart of Vail Valley at 85 Pond Rd., The House Apartments offers residents an ideal location with easy access to I-70. This prime setting provides convenient proximity to diverse shopping options while positioning residents to take full advantage of the area’s renowned recreational activities, including world-class golfing and hiking trails. Additionally, the property’s location in Eagle, Colorado, allows residents to tap into the region’s growing job market, combining professional opportunities with the area’s exceptional quality of life.
The House Apartments, built in 1998, is a three-story building situated on 4.82 acres. The property offers a total of 27,838 rentable square feet and features community amenities including an on-site exercise facility, community kitchen, elevator, and dedicated work-from home-spaces.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Tony Nargi.
“This financing represents a solid investment in the Vail Valley multifamily market,” said Nargi. “The House Apartments offers quality housing options in a desirable location, reflecting the continued demand for multifamily properties in Colorado’s mountain communities.”
Lee & Associates Denver Closes $2.75 M Owner/User Industrial Sale
Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a $2.75 million ($242.55/SF) sale of a 1.52 acre (11,338 SF) lot at 5335 Harrison Street in Denver.
This industrial outside storage property is IA, UO-2 zoned and located in northeast Denver, near I-70 and Vasquez Blvd. The sale was finalized on February 10, 2025.
Kirk Vanino and Matt Nora of Lee & Associates – Denver represented the buyer, Ardent Traffic Services. The property was sold by Thornton Pipeline, LLC.
