600 & 695 Jerry St Sells Again to Previous Owner for $6.4M
Platinum Commercial Real Estate announced the sale of 600 & 695 Jerry Street in Castle Rock for $6.4 million.
695 Jerry Street totals 25,380 SF and is comprised of a 20,530 SF four-story mixed-use building and a 4,850 SF single-tenant restaurant in the heart of the rapidly growing and affluent Castle Rock, Colorado retail market. The property is 93.74% occupied, was built in 1977 (restaurant) and 2008 (mixed-use) and has been well-maintained. The property benefits from the synergy and traffic volume generated by the adjacent 221-unit multifamily/19,375 SF commercial development and energetic downtown core of Castle Rock.
Paul Cattin of Platinum CRE represented the buyer, PYFR, LLC. The seller, RA Morrison LLC, was represented by Campbell Davis, Parker Brown, and Matthew Henrichs of CBRE.
Pinnacle Announces Sale of 30,080 SF Industrial Outdoor Asset
Pinnacle Real Estate Advisors, LLC announced the sale of a 30,080-square-foot industrial outdoor storage asset for $11,425,000 located at 4160 Busch Place in Frederick, Colorado. Peter Sengelmann, vice president, and Paul Schneider, president, represented the seller, Bear Peak Development in the transaction.
“Our marketing process generated significant interest from a wide range of investors. While we received clear feedback on institutional pricing thresholds, we recognized the opportunity to achieve stronger results by targeting private capital. By leveraging our network and positioning the asset strategically, we were able to identify the right buyer and successfully close the transaction in just 92 days at 98% of the list price. The combination of a Fortune 500 tenant and a best-in-class IOS property helped drive competitive interest. This underscores the strength of our process and the continued demand for quality IOS properties,” stated Sengelmann.
Lee & Associates Denver Represents Buyer on 8350 Rosemary Street, Denver
Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced the sale of a 3.86-acre land site located at 8350 Rosemary Street, Commerce City.
Kirk Vanino, Matt Nora, and Jack D’Avanzo of Lee & Associates Denver represented the buyer, Highlands Properties 925 LLC, in the transaction. The site was acquired from Grey/Stone Enterprises LLC for $935,000. Paul Khan of Stream Realty was involved as the outside broker.
This land acquisition marks another strategic investment in the Denver market, offering long-term development potential and excellent access to key regional corridors.
Mesa West Capital Funds $52M Loan to Refinance Westminster Multifamily Community
Mesa West Capital provided an affiliate of Crow Holdings Capital with $52 million in short-term, floating-rate first mortgage debt to refinance Canyon Reserve at the Ranch, a 256-unit garden-style multifamily community located in the Denver suburb of Westminster.
Built in 1984, the 17-building community was fully repositioned by the Sponsor in 2022. The property features a mix of one- and two-bedroom apartment homes with modern finishes including stainless steel appliances, in-unit washer/dryers, walk-in closets, and private outdoor spaces. Community amenities include a resort-style swimming pool, an outdoor grilling area, a fitness center and a dog park.
Located at 2890 W 116th Place with direct access to U.S. Route 36, Canyon Reserve offers residents convenient connectivity to both downtown Denver and Boulder, as well as proximity to Denver International Airport. The property also benefits from Westminster’s expansive open spaces, trail systems and regional parks.
“There is a compelling supply-demand dynamic in Westminster, where new construction has been moderate compared to the significant wave of supply that’s impacted broader Denver,” said Brian Hirsh, central region head of originations at Mesa West Capital. “With the recent repositioning of the asset and strengthening market fundamentals, the property is well-positioned for outsized performance.”
Fully Built-Out Medical Office + Vacant Lot in Denver Sells for $1.7M
Kaufman Hagan announced the sale of 8380 Zuni St & 8371 Wyandot St, Denver, a 15,006-square-foot medical office conveniently located across from two hospitals: CommonSpirit Primary Care 84th Avenue & OnPoint Family Medicine at Westminster. The sale includes a 26,136 SF lot at 8380 Zuni St and an 8,739 SF vacant lot at 8371 Wyandot St. The property sold for $1.7 million.
Kaufman Hagan Broker, Amanda Weaver represented the seller in this transaction.
“The sellers of this property were the first group ever to hire me as a lease listing broker, back in early 2024. Up until then, I’d only worked on the tenant rep side. They gave me an opportunity—and I made it my job to deliver. Since then, I’ve leased three of their buildings and recently had the chance to represent them on the sale of 8380 Zuni St. It’s been a true partnership from the beginning—built on trust, communication, and a shared commitment to getting deals done,” Amanda Weaver, broker, Kaufman Hagan Commercial Real Estate.
