THORNTON, COLO. — JLL Capital Markets has secured $99.3 million in refinancing for 25 North, a Class A industrial complex in Thornton. Eric Tupler, John Rose and Emily Goldsberry of JLL worked on behalf of Sagard Real Estate, a subsidiary of the global alternative asset management platform Sagard, to secure a loan through a debt fund. Situated on 66.3 acres, the 936,775-square-foot industrial asset consists of nine buildings constructed between 2020 and 2024. The property features clear heights ranging from 28 feet to 32 feet, 205 dock-high doors, 34 drive-in doors and 1,770 parking spaces. The development offers flexible configurations with suite sizes ranging from 14,262 square feet to 135,000 square feet. The properties offer accommodations for both single and multi-tenant operations for warehouse, distribution and showroom uses.
Colorado
DENVER — Newmark has facilitated $83.8 million in financing for The Deveraux, a multifamily community in Denver’s River North (RiNo) neighborhood. The financing was secured through bank lease-up execution on behalf of an undisclosed borrower. Lee Redmond, Nick Schroeder, Courtney Crowder and Jack Kachadurian of Newmark arranged the financing. Delivered in July 2024, The Deveraux features 374 studio, one- and two-bedroom apartments, averaging 732 square feet, and 21,000 square feet of Class A retail space.
LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek, a garden-style multifamily community at 3505 S. Nelson Circle in Lakewood. Terms of the transaction were not disclosed. Built in 2002 by Fairfield Residential, Whisper Creek offers 272 apartments featuring nine-foot ceilings and averaging 928 square feet spread across two- and three-story residential buildings. Community amenities include 501 parking spaces with detached garages, a resort-style pool and spa, a 24-hour fitness center, clubhouse, business center, outdoor grilling stations, a pet park and a playground. Greystar will manage the property. Tony Nargi of JLL Capital Markets secured acquisition financing on behalf of Brixton Capital.
Capstone Development, Colorado School of Mines Complete 1,058-Bed Student Housing Project in Golden
by Amy Works
GOLDEN, COLO. — A public-private partnership between Capstone Development Partners and the Colorado School of Mines has completed Village at Mines Park, a 1,058-bed student housing community located on the university’s campus in Golden. The property — which is the redevelopment and expansion of an existing community, Mines Park — offers affordable housing for upper-division undergraduate and graduate students, as well as students with families. Fully furnished units are offered in studio, one-, two-, three- and four-bedroom configurations. Shared amenities include a fitness center, dining options, recreational green space, an outdoor amphitheater and community gathering and study spaces. The property is also home to residence life and management offices and features on-site parking and electric car charging spaces. The development team for the project included design-builder Milender White Construction and architectural firm SAR+. Capstone Management Partners will provide facility maintenance, custodial and asset management services for the community. The project was financed by the university.
DENVER — Trailbreak Partners has obtained $37.1 million in construction takeout financing for Ridian Apartments, a 132,000-square-foot multifamily community in Denver. Rob Bova led the JLL Capital Markets Debt Advisory team that secured the floating-rate loan through an insurance company’s debt fund for the borrower. Completed in 2025, Ridian Apartments features 123 studio, one- and two-bedroom apartments, including 12 affordable units restricted to households earning up to 80 percent of the area median income. Units feature premium finishes, including chef-inspired kitchens with quartz countertops, stainless steel appliances, custom cabinetry, in-unit washers/dryers, frameless glass shower doors and keyless entry, with select units offering private patios or balconies. Community amenities include a resort-style pool and hot tub, rooftop lounge with 360-degree mountain and city views, a fitness center and clubhouse with coworking spaces. Additionally, the property offers covered garage parking, 24-hour security monitoring and package lockers.
Resolute Investments Sells 33,282 SF Medical Outpatient Building in Greenwood Village, Colorado
by Amy Works
GREENWOOD VILLAGE, COLO. — Resolute Investments has completed the sale of Landmark Medical Center, a medical outpatient building and ambulatory surgery center in Greenwood Village, to SG Property Services for an undisclosed price. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Jesse Greshin and Trent Jemmett of CBRE U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Healthcare Leasing to represent the seller in the deal. Located at 5351 S. Rosyln St., the three-story, 33,282-square-foot Landmark Medical Center was fully leased at the time of sale, with AdventHealth as the anchor tenant. The building’s surgical center features two operating rooms with a focus on hand, food and ankle, knees and shoulder surgeries. The surgery center is a joint venture between the physicians and SCA Health, which is owned by Optum, a subsidiary of UnitedHealth Group.
Jonathan Rose Cos. Buys Colorado Affordable Housing Community for $56M, Extends Rent Restrictions
by Amy Works
BOULDER, COLO. — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles of Berkadia arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of the area median income. Jonathan Rose Cos. assumed the existing Section 8 Housing Assistance Payment contract, which was set to expire in 2026, and will extend the property’s affordability for an additional 20 years. The asset was originally built in 1971 and was most recently renovated in 2007. The unit mix consists of one- through four-bedroom floor plans. The new owner plans to complete additional renovations at the property, including upgrades to building systems and unit interiors, improvements to the community center and energy-efficiency enhancements aimed at achieving Enterprise Green Communities (EGC) certification. In addition to physical improvements, the firm will also be adding two full-time resident services coordinators. Winn Residential has taken over as property manager.
CENTENNIAL, COLO. — Burgeon Properties Denver LLC has purchased an office building, located on 0.76 acres at 4901 E. Dry Creek Road in Centennial, from Non Paddle LLC for $1.7 million. Built in 1979, the 19,409-square-foot property features private offices, open work areas and suites with kitchens. The building was 80 percent occupied at the time of sale, providing a revenue stream while allowing space for the buyer’s operations. Paul Cattin of Platinum Commercial Real Estate represented the seller in the deal, while the buyer was unrepresented in the transaction.
Merrimac Ventures, Fort Partners Break Ground on $1B Four Seasons Resort and Residences Telluride in Colorado
by Amy Works
MOUNTAIN VILLAGE, COLO. — Merrimac Ventures and Fort Partners have broken ground on the $1 billion Four Seasons Resort and Residences Telluride and closed on a construction financing package for the project. Slated for completion in 2028, construction is underway and more than 30 percent of the property’s inventory is already sold. Situated on 4.4 acres in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked with the Town of Mountain Village, Telluride Ski and Golf and TMVOA to secure the land and bring the project to life. The development will feature 26 private residences ranging from two to five bedrooms, 43 hotel residences ranging from one to four bedrooms and 52 hotel guest rooms. Residences will offer floor-to-ceiling windows, terraces and in-home oxygenation systems. Penthouses will offer private terraces and outdoor spa pools. Resort amenities will include ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, an indoor lap pool, an outdoor hot tub, underground parking and a private residents’ club. The project team includes Olson Kundig as architect and Clements …
Headwaters Begins Preleasing at 172-Unit Active Adult Community in Northglenn, Colorado
by Amy Works
NORTHGLENN, COLO. — Headwaters has begun pre-leasing at Aspendale Northglenn, the owner and developer’s new active adult community in Northglenn. This project marks the second Colorado location for the newly launched Aspendale brand. Headwaters broke ground on the development in April 2024. Scheduled to begin move-ins in early 2026, the community will total 172 apartments across four stories. The property will also feature an 8,800-square-foot clubhouse, which will offer lifestyle programming, wellness spaces and gathering areas.
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