Newmark Arranges Sale of Fully Leased IOS Redevelopment Site in Central Denver
Newmark announces the Company has arranged the $7 million sale of 1707-1761 E. 68th Avenue, a fully leased industrial outdoor storage (IOS) property situated on approximately 7.17 acres in Denver. The property was acquired by E 68TH AVE IOS LLC.
Newmark Managing Director Mike Viehmann, Executive Managing Director Mike Wafer, Senior Managing Director Mike Wafer Jr. , and Associate Reagan Todd represented the seller, an entity of Starpoint Properties, LLC, in the transaction.
“Opportunities to acquire industrial development sites within central Denver are increasingly rare,” said Viehmann. “The property offered a unique combination of heavy industrial zoning, in-place income with flexible lease terms and long-term redevelopment potential within Denver’s premier industrial submarket.”
Located within Denver’s North Central industrial submarket, 1707-1761 E. 68th Avenue is fully leased and features heavy industrial zoning permitting outdoor storage. The property provides a configuration suitable for future industrial redevelopment while generating income through its existing tenancy.
“Transacting in today’s market demands tenacity and expertise, and this transaction was no exception,” said Bryce Daneshrad, senior acquisitions & capital markets analyst at StarPoint Properties, LLC. “Mike Viehmann and the Newmark team put in significant time canvassing the buyer pool and found a group that appreciated the property’s in-place income and its long-term redevelopment potential. Their persistence and command of the Denver industrial market delivered a strong outcome for our investors.”
The property offers convenient access to Denver’s major transportation corridors, including I-25, I-70, I-76, I-270 and U.S. Route 36, as well as proximity to Downtown Denver. The site is located within both an Opportunity Zone and the Adams County Enterprise Zone.
According to Newmark Research, IOS has emerged as a standout performer among industrial real estate segments, with demonstrated rent growth and tight market conditions bolstering investor confidence in the sector. IOS rents increased 123% since 2020 – more than twice the rate of bulk warehouses – while minimal purpose-built development and a diverse, evolving tenant base keep IOS vacancy at roughly half the bulk warehouse rate.
Institutional Property Advisors Closes 288-Unit Multifamily Sale in Northern Colorado
Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of Vantage at Loveland, a 288-unit multifamily property in Loveland.
“Vantage at Loveland is one of just three multifamily assets above $50 million to trade in Northern Colorado in eight months, and it is only the second in Loveland in the past two years,” said Greg Parker, managing director, investments in Marcus & Millichap’s Denver office. “The property was delivered during one of the most competitive periods of new apartment supply in the market and was approaching stabilization at the time of sale.” Greg Parker and Jason Hornik represented the seller, Vantage Communities, and procured the buyer, JB Matteson.
“With initial lease-up essentially behind it, the focus now shifts to finishing stabilization and holding onto the operating momentum the property has built,” said Hornik. “The buyer acquired an institutional-quality asset after the highest-risk phases of development, construction and early lease-up were complete. With new supply moderating and Northern Colorado continuing to absorb recently delivered units, Vantage is well positioned to benefit as the market moves toward a more balanced supply-demand environment.”
The property is 40 miles from Denver and a short drive to Fort Collins via nearby U.S. Highway 287 and Interstate 25. Residents have direct access to the Front Range Trail system and employment in the Loveland–Fort Collins corridor. Area employers include Advanced Energy Industries Inc., Anheuser-Busch, Banner Health, and Broadcom. Colorado State University is nearby, and shopping is within walking distance at Thompson Valley Towne Center.
Completed in 2024, Vantage at Loveland has a resort-style swimming pool, clubhouse, fitness center, and expansive outdoor recreation areas. Apartments have washers and dryers, walk-in closets, kitchen islands, and yards.
“Vantage at Loveland demonstrates the continued institutional demand for high-quality multifamily assets in Northern Colorado,” said Parker. “Despite a period of elevated new supply, the market has continued to demonstrate strong renter demand, and the transaction reflects investor confidence in the region’s long-term fundamentals.”
Marcus & Millichap Arranges $8.5 Million Off-Market Sale of Wabash Marketplace in Denver
Marcus & Millichap announced the $8.5 million sale of Wabash Marketplace, a 34,846-square-foot neighborhood shopping center adjacent to Cherry Creek Country Club.
“Buyer demand for well-located, unanchored shopping centers like Wabash Marketplace remains strong across Denver, driven by limited new supply, low vacancy and continued rent growth across infill retail centers,” said Cory Gross, managing director investments. “The property’s adaptable small-bay spaces are particularly well positioned in a segment currently seeing exceptionally strong tenant demand.”
Gross, an investment specialist in Marcus & Millichap’s Denver office, represented the seller, Wabash Retail LLC, and directly sourced the buyer, James Harris, in the off-market transaction. Harris, a repeat Marcus & Millichap client completing a 1031 exchange, has more than 30 years of experience owning and managing neighborhood shopping centers throughout the Denver metropolitan area.
The property is located at 8400 E. Iliff Ave. and was built in 1983. The shopping center sits on 2.13 acres and features a diverse mix of primarily local and service-oriented tenants, including restaurants, a coffee shop, fitness and beauty businesses and a home décor retailer. The property sold for approximately $243 per square foot.
NorthPeak Commercial Advisors Brokers 7-Unit Multifamily Property in Littleton
NorthPeak Commercial Advisors announced the sale of Scotts Dale, located at 5547 S Grant St., Littleton, CO 80121.
Dan Hawthorne of NorthPeak Commercial Advisors worked with the buyer while Scott Fetter and Joe Hornstein worked with the seller in this transaction.
“I represented the buyer on this transaction, and in a market where deals are harder to close than ever, teamwork matters more than it used to,” stated Hawthorne. “It was a pleasure working alongside Scott to get this over the finish line. This was a true win-win for both buyer and seller, who each got what they needed to move forward. I believe this is a good example of the power of NorthPeak’s collaborative approach in a tougher market.”
“We represented the Seller when he purchased this property in 2014 and we were honored to have him ask us to help him sell it now,” stated Fetter. “The market is a challenge for Seller’s right now, to say the least, but our Seller was patient, organized and ready to meet the market. When Dan’s Buyer presented his offer, we knew this was a Buyer who would get to the finish line and we were happy to get there.”
CBRE Completes Sale of Former Motel Site for Multifamily Development
CBRE facilitated the sale of a 5.83-acre redevelopment site in Wheat Ridge to Dallas-based Trinsic Residential Group. The firm plans to develop a 335-unit Class A multifamily community with modern amenities on the site.
Martin Roth and Eric Roth of CBRE represented the seller Terrapin Investments, an investment firm specializing in owning and managing hotel properties nationwide.
“Tony Sherman, Terrapin CEO, recognized the site’s redevelopment potential and acted on it,” said Martin Roth, an executive vice president. “Now, we’re excited to see Trinsic’s vision for the future of the site take shape.”
Located at 10101 W. Interstate 70 Frontage Rd. N., the land had previously been home to the American Motel, originally built in 1975. The motel closed in mid-2025 and the demolition was completed earlier this year.
The planned project represents a new investment in Wheat ridge’s hotel district and will add a residential population near existing services.
