Pinnacle Mergers & Acquisitions Facilitates Sale of Ferrari of Denver
Pinnacle Mergers & Acquisitions, a leading automotive dealership brokerage firm, has announced the successful sale of Ferrari of Denver from Lithia Motors to Jason Pittack, CEO of the Woodhouse Auto Family. The dealership will continue operating as Ferrari of Denver under its new ownership. A sale price was not disclosed.
Pinnacle Mergers & Acquisitions represented Lithia Motors in the transaction, marking the firm’s second completed transaction with Lithia Motors in 2026, following the sale of Toyota of Gallatin in Metro Nashville earlier this year.
Pinnacle has been a trusted advisor to Lithia Motors for more than 30 years, representing the organization in dozens of transactions as both a buyer and seller.
This transaction also marks Pinnacle’s second completed transaction involving Jason Pittack, following the sale of Porsche Des Moines earlier this year. It reflects Pinnacle’s continued experience advising clients on high-profile premium and luxury brand transactions nationwide.
“Premium and luxury dealerships require a unique understanding of brand standards, customer relationships, and long-term market positioning,” said Bill Scrivner, founder and CEO of Pinnacle Mergers & Acquisitions. “We were honored to represent Lithia Motors in this transaction and help facilitate another opportunity with Jason Pittack. Our relationship with both parties, combined with decades of experience in dealership transactions, helped create alignment throughout the process and position the business for continued success.”
The transaction closed on May 28, 2026. Pinnacle continues to advise dealer groups across the country on strategic acquisitions, divestitures, and long-term growth opportunities.
Highway 85 Corridor Facility Leased to Heavy Civil & Environmental Contractor Amid Strong Weld County Industrial Demand
Ringsby Realty Corporation, a Denver-based industrial real estate brokerage specializing in the Denver metro and Northern Colorado markets, has completed a 14,085-square-foot industrial lease on 4.66 acres at 1660 CR 27, Brighton, in the Weld County submarket.
Western States Reclamation, a heavy civil and environmental contractor specializing in land, waterway, and infrastructure restoration through reclamation, erosion control, stormwater, and ecological construction projects, will occupy the facility. The property features oversized drive-in doors, a large fenced yard, and immediate access to Highway 85—a combination of industrial outdoor storage and shop infrastructure that remains in high demand across the Brighton and Weld County markets.
Brittany Boudreau of Market Real Estate represented the tenant in the transaction. The landlord, Bespoke Holding Company, a Denver-based industrial real estate investment firm, was represented by Jake Cook and Tom Myers of Ringsby Realty Corporation.
“Western States Reclamation’s lease at 1660 CR 27 highlights the continued demand for functional industrial outdoor storage and shop facilities in the Brighton market, particularly from infrastructure and heavy civil contractors supporting regional growth,” said Jake Cook and Tom Myers of Ringsby Realty Corporation. “The property’s fenced yard, high-clearance shop space, and immediate access to Highway 85 made it an ideal fit for Western States Reclamation’s expanding operations.”
Marcus & Millichap Arranges $4.5 Million Sale of Flex Industrial Property in Colorado Springs
Marcus & Millichap recently announced the sale of 3450 North Nevada Avenue, a 54,882-square-foot industrial/flex property for $4.5 million.
“Strong momentum continues across the northern Colorado Springs industrial market as investors are drawn to the area’s expanding infrastructure, new development activity and attractive amenities,” said Max Rist, associate director investments. “This transaction reflects growing investor confidence in the corridor and the opportunity to reposition well-located industrial assets to meet evolving tenant demand.”
Rist and Brandon Kramer, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private partnership based in Colorado Springs. The buyer is a private investor group based in California and New York.
The property, situated on 2.88 acres, is located in the N. Nevada Avenue corridor in central Colorado Springs. Built in 1966, the industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to substantially redevelop the property to better accommodate modern industrial tenant requirements.
Industrial Outdoor Storage Property in Denver Trades for $2.9M
Lee & Associates announced the sale of 5352 Dahlia Street, a 5,600-square-foot maintenance building situated on a 2.0-acre site of industrial outdoor land (IOS) in Commerce City, Colorado.
The transaction closed on May 27, 2026, with a sale price of $2.9 million. Lee & Associates Denver brokers Matt Nora, Kirk Vanino and Jack D’Avanzo represented the seller, Salaz Holdings LLC, in the transaction. Aviva Sonenreich of Warehouse Hotline LLC represented the buyer, JCK Enterprise LLC.
Located at 5352 Dahlia Street, the property features a 5,600-square-foot maintenance building with office space and a large industrial outdoor storage yard. The site is zoned I-2 (Heavy Outside Storage), making it well-suited for transportation, logistics, fleet maintenance, and industrial users seeking functional outdoor storage capabilities. Property amenities include multiple drive-in doors, hydraulic lifts for heavy diesel vehicles, perimeter lighting, vehicle plug-in infrastructure, radiant heat, floor drains, and a washing station. The location also provides convenient access to Interstate 70, Interstate 270, Interstate 76, Interstate 25, downtown Denver, and Denver International Airport.
“This transaction demonstrates the continued demand for well-located industrial outdoor storage properties throughout the Denver metropolitan area,” said Matt Nora, principal of Lee & Associates Denver. “IOS assets remain highly sought after due to their limited availability and their importance to transportation, construction, logistics, and industrial service operators.”
This sale reflects the ongoing strength of the industrial outdoor storage market in the Denver region, where supply remains constrained and owner-users continue to compete for strategically located assets with outdoor storage functionality.
Pinnacle Announces Sale of $1.7M Multifamily Asset in Lakewood
Pinnacle Real Estate Advisors, LLC recently announced the sale of a multifamily opportunity for $1.7 million located at 1411 & 1429 Pierce St in Lakewood.
Corey Sandberg, vice president, Darrin Revious, vice president, and the Sandberg Monette Team facilitated the transaction for the seller and buyer.
“The acquisition reflects a strategic investment in a market where demand for entry-level homeownership options continues to outpace supply. Throughout the process, both parties remained solution-oriented and collaborative, allowing the deal to progress despite its multiple complexities. The property is well-positioned for success as it moves into the next phase of development, and we’re proud to have played a role in bringing it to fruition,” stated Sandberg and Revious.
