Viking Partners, Bancroft Capital Acquire 412,869 SF Greenwood Corporate Plaza Near Denver

GREENWOOD VILLAGE, COLO. — Viking Partners Management, on behalf of its fourth value-add fund, and Bancroft Capital have purchased Greenwood Corporate Plaza, a suburban office campus located at 5990 Greenwood Plaza in Greenwood Village. An undisclosed seller sold the asset for $38.4 million.Built in 1981 and renovated in 2015, Greenwood Corporate Plaza features four identical, three-story, Class B office buildings totaling 412,869 square feet on 36 acres. At the time of sale, the property …

Manulife Investment Acquires TriVista on Speer Multifamily Property in Denver for $144.5M

DENVER — Manulife Investment Management, on behalf of a third-party managed account, has purchased TriVista on Speer, a multifamily property located at 1350 Speer Blvd. in Denver’s Golden Triangle neighborhood. An undisclosed seller sold the community for $144.5 million.Completed in 2019, the seven-story TriVista on Speer features 322 apartments with an average unit size of 985 square feet. All units include designer kitchens with granite and quartz countertops, in-home washers/dryers, …

Cushman & Wakefield Negotiates $9.8M Sale of Three-Building Retail Portfolio in Westminster, Colorado

WESTMINSTER, COLO. — Cushman & Wakefield has arranged the sale of a retail portfolio comprising three inline shop buildings located within Westminster Crossings shopping center in Westminster. Colorado-based Coco’s Place acquired the asset from Centre Point Properties for $9.8 million.Totaling 28,705 square feet of gross leasable space, the multi-tenant property was 100 percent leased to a mix of regional and national tenants.Jon Hendrickson, Aaron Johnson and Mitch Veremeychik …

PMG, Greybrook Realty Acquire Development Site in Denver for $35M, Plan Mixed-Use Project

DENVER — PMG and Greybrook Partners have purchased a 2.3-acre development site at 123 Speer Blvd. in Denver. Scripps Media sold the land for $35 million. The joint venture plans to develop Society Denver, a mixed-use project at the site.The 12-story Society Denver will be the first Society Living multifamily property in Colorado. Society Denver will feature 600 apartments developed in two phases, amenities and 14,000 square feet of commercial space.Society Living developments offer …

RW Flats, Urban Villages Sell Vita Flats Multifamily Property in Denver to Cohen Rojas for $19.2M

DENVER — RW Flats and Urban Villages, which also serves as property manager, have completed the disposition of Vita Flats, a Class B apartment property located at 101 N. Grant St. in Denver. Cohen Rojas acquired the community for $19.2 million.Built in 1961 and renovated in 2009, Vita Flats features 18 studio units, 47 one-bedroom units and nine two-bedroom units. The 11-story, 50,905-square-foot building features an Amazon package hub and a commercial-grade kitchen for resident use on …

JLL Arranges $50M in Construction Financing for Polaris Wadsworth Station Apartments Near Denver

BROOMFIELD, COLO. — JLL Capital Markets has arranged a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a multifamily property in Broomfield. The borrower and developer is Mountain View Capital.Kristian Lichtenfels of JLL Capital Markets secured the five-year, floating-rate loan with a national bank.Slated for completion in January 2023, Polaris Wadsworth Station will feature 276 one-, two- and three-bedroom units averaging 869 square feet. …

Oak Coast Properties Buys Two-Property Apartment Portfolio in Denver for $61M

DENVER — Oak Coast Properties has purchased a two-property multifamily portfolio located in Denver for $61 million. Totaling 427 units, the portfolio includes The Avalon and Estrella. The buyer is planning $3.2 million in renovations as part of an enhancement plan aimed to improve the marketability and return on investment of the communities.Located at 645 Wolff St., The Avalon is a 14-building community on 16.2 acres. The garden-style property features 235 apartments in a mix of studio, …

Evergreen Devco Acquires Vacant Sears Building in Colorado Springs for 300-Unit Multifamily Redevelopment

COLORADO SPRINGS, COLO. — Evergreen Devco has purchased a former Sears store property located at Chapel Hills Mall in Colorado Springs from Northwood Investors for $5.7 million.The vacant property includes a two-story, 141,000-square-foot building, parking lots and 12.6 acres. Built in 1981, the Sears store served as the western anchor of the Chapel Hills Mall until the store closed in March 2019.Evergreen Devco plans to demolish the building and redevelop the property into Outlook …

Quiver Investments Negotiates $6.5M Sale of Synergy Corporate Center in Colorado Springs

COLORADO SPRINGS, COLO. — Denver-based Quiver Investments has arranged the sale of Synergy Corporate Center, an office building located in Colorado Springs. Great Western Foloh sold the asset to a Colorado-based investor group for $6.5 million, or $148 per rentable square foot.Located at 5225 N. Academy Blvd., the property features 44,256 rentable square feet. At the time of sale, the building was 90 percent occupied.John Witt and Ben Swanson of Quiver Investments represented the …

Berkadia Arranges $39M Apartment Mid-Rise Sale in Denver

DENVER — Berkadia has brokered the sale of 16 Penn, a mid-rise apartment community located in Denver. Denver-based The Burgwyn Co. sold the asset to an undisclosed entity for $39 million.Located at 1615 Pennsylvania St., 16 Penn features 99 apartments in a mix of one- and two-bedroom floor plans with in-unit washers/dryers and private balconies. Community amenities include a fitness studio, media room, community kitchen, courtyard with a fireplace and grills, and a library.Nick …

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