ENGLEWOOD, COLO. — IRA Capital has acquired Reunion Inverness Physical Rehabilitation Hospital, a Class A inpatient rehabilitation facility (IRF) in Englewood, from a partnership between American Development & Investments, Brandon Holdings and Nobis Hospital Investments. Terms of the acquisition were not disclosed. Located at 372 Inverness Drive South, the three-story, 49,000-square-foot building is fully leased by Reunion Rehabilitation Hospitals on an absolute net lease structure with 22 years remaining. The purpose-built facility features 40 patient beds with scalability to 60 beds, two advanced therapy gyms, private patient rooms, outdoor courtyards, family gathering areas and a full-service café. John Witt and Ben Swanson of Quiver Investment, along with Chris Toci and Eric Wichterman of Cushman & Wakefield, represented the seller in the deal. Nobis Rehabilitation Partners, a third-party healthcare operator and manager, operates the Inverness facility.
Colorado
Pinnacle Real Estate Advisors Negotiates Sale of 11,004 SF Retail Center in Centennial, Colorado
by Amy Works
CENTENNIAL, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a value-add retail center located at 5730 E. Otero Ave. in Centennial. M&M Holdings sold the strip center to KGN Investments for $1.8 million. At the time of sale, the eight-unit, 11,004-square-foot property was 50 percent vacant, with several tenants operating under modified gross leases and an atypical layout that included a non-traditional office component. In conjunction with the sale, the Pinnacle team secured a new lease with Scalp Therapy for a 1,424-square-foot space. Kyle Moyer, Cody Stambaugh and Elizabeth Morgan of Pinnacle Real Estate Advisors represented the seller and buyer in the deal.
PARKER, COLO. — On behalf of the company’s Bell Value Add Fund VIII, Bell Partners has acquired Montane Apartments, a 400-unit multifamily property in Parker, for an undisclosed price. The community will be renamed Bell Parker Ranch. Completed in 2018, the garden-style community features studio, one-, two- and three-bedroom floor plans, a lazy river, an oversized clubhouse and well-programmed green spaces. Jordan Robbins of JLL Capital Markets brokered the deal. With this acquisition, Bell Partners now owns or manages a portfolio of approximately 7,400 apartments in 21 communities across the Denver region.
LAKEWOOD, COLO. — Matthews Real Estate Investment Services has arranged the sale of a Best Western hotel located at 3440 S. Vance St. in Lakewood. The asset traded for $7.2 million. The names of the seller and buyer were not released. Simon Assaf and Hunter Davis of Matthews handled the transaction. Constructed in 1995, the 144,619-square-foot hotel features 112 guest rooms.
Ryan Cos., PGIM Real Estate Complete 343,000 SF Northwest Commerce Center in Broomfield, Colorado
by Amy Works
BROOMFIELD, COLO. — Ryan Cos. and PGIM Real Estate, the $206 billion real estate investment and financing arm of Prudential Financial, on behalf of of its U.S. core-plus investment strategy, have completed Northwest Commerce Center in Broomfield. Situated within Verve Innovation Park and adjacent to Rocky Mountain Metropolitan Airport, the Class A industrial project offers more than 343,000 square feet spread across two buildings. Each building features a clear height of 32 feet, LED lighting, an ESFR sprinkler system and heavy power with 4000-amp electrical service. The project also includes 68 dock doors and 22 trailer parking stalls. Ryan Cos. built and developed the property. Carmon Hicks, Patrick McGettigan and Jason White of JLL have been retained to market and lease the project.
AURORA, COLO. — Sidford Capital has acquired Aurora Plaza, a shopping center located at 15001-15293 E. Mississippi Ave. in Aurora, from an undisclosed seller for $16 million. Built in 1982 and renovated in 2001, Aurora Plaza offers 115,461 square feet of retail space on 10.6 acres. The property, which is 80 percent occupied, is leased to 27 tenants, including Hero Dental, Kid to Kid, Rent-A-Center and Domino’s Pizza. Jason Schmidt and Austin Snedden of JLL Capital Market’s Investment Sales and Advisory team represented the seller in the deal.
LAKEWOOD, COLO. — Malman Real Estate has arranged the sale of 1250 Simms Street, an industrial property in Lakewood. An entity doing business as 1250 Simms LLC sold the asset to 1250 Simms St LLC and 1250 Simms St JP LLC for $7.2 million. At the time of sale, the 54,416-square-foot property was fully leased. Jake Malman of Malman Real Estate represented the seller, while Paul Cattin of Platinum CRE represented the buyer in the deal.
DENVER — John Propp Commercial Group has arranged the sale of an industrial building at 1448 W. Cedar Ave. in Denver. Five Quarters Farm LLC acquired the asset from Cedar Palms LLC for $1.6 million, or $248.97 per square foot. The 6,275-square-foot property features two suites and three overhead grade doors. John Propp of John Propp Commercial Group represented the seller, while Christian Dinsdale of SVR Real Estate represented the buyer in the transaction.
Pinnacle Real Estate Advisors Brokers Sale of 5,192 SF Restaurant Property in Sterling, Colorado
by Amy Works
STERLING, COLO — Pinnacle Real Estate Advisors has arranged the acquisition of a restaurant property located at 224 W. Main St. in Sterling. Terms of the transaction were not released. Pizza Hut currently occupies the 5,192-square-foot property on a triple-net lease. Dallas Sandberg represented the undisclosed buyer in the deal.
AURORA, COLO. — SRS Real Estate Partners has negotiated the ground lease (land ownership) sale of a retail property in Aurora. A Denver-based private investor acquired the asset from a national REIT for $3.6 million. Built in 2024, the 1,000-square-foot property is occupied by a King Soopers fuel center on a new 20-year corporate-guaranteed lease from parent company, The Kroger Co. The property is an outparcel to Arapahoe Crossings, a 528,000-square-foot power center anchored by King Soopers. Patrick McGlinchey, Brian Wolfman, Justin Gregory and Erik Christopher of SRS Real Estate represented the seller in the deal.
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