Colorado

Karlin Golden Sells Office, Retail Building for $15.9M in Downtown Golden, Colorado

by Amy Works March 14, 2019

GOLDEN, COLO. — Los Angeles-based Karlin Golden has completed the disposition of Clear Creek Square, a mixed-use building located at 600-650 12th St. in downtown Golden. Colorado State Land Board acquired the asset for $15.9 million in an off-market transaction. Built in 2002, the building features 78,647 square feet of office space, with approximately 11 percent of the square footage dedicated to ground-floor retail space, free covered parking, on-site showers and lockers. The multi-tenant building is home to five office users. Tenants include Equian, The Regis Co., Institutional Cash Distributor, Big Ring Cycles, Anthony’s Pizza & Pasta and Barrels & Bottles. At the time of sale, the property was 95 percent occupied. Campbell Davis, James Brody and Blake Harris of CBRE represented the seller in the deal.

March 14, 2019

Colorado Development Multifamily Western

Shea Apartments Opens 140-Unit Tangent Apartments in Denver Tech Center

by Amy Works March 12, 2019

DENVER — Shea Apartments, a division of Shea Properties, has opened Tangent Apartments, an apartment community located along Interstate 25 in Denver Tech Center. Located at 4300 S. Monaco St. in Denver, Tangent Apartments features 140 apartments in a mix of studio, one- and two-bedroom layouts, ranging in size from 566 square feet to 1,150 square feet. Interiors feature a modern design with granite countertops, wood-style flooring, stainless appliances and high-end finishes. On-site amenities includes a 24-hour fitness center, resort-style pool and spa, grilling stations, fire pits, resident lounge with pool table, and business center.

March 12, 2019

Acquisitions Colorado Retail Western

Lone Star Partners Sells The Shops at Green Valley Ranch in Denver for $8.6M

by Amy Works March 12, 2019

DENVER — Houston-based Lone Star Partners has completed the disposition of The Shops at Green Valley Ranch, a newly constructed retail center located at 4906-4998 N. Tower Road in Denver. A California-based investment partnership acquired the property for $8.6 million. Matthew Henrichs and Brad Lyons of CBRE represented the seller, while Seshu Velpuri of The AMR Group represented the buyer in the transaction. Built in 2017, The Shops at Green Valley Ranch includes two Class A, freestanding retail buildings, totaling 19,840 square feet on 2.8 acres. The property is fully leased to a mix of 11 national and local retailers, including Burger King, Sport Clips, Pizza Hut, Jimmy John’s Gourmet Sandwiches, Cold Stone Creamery, David Nails & Spa and GVR Dental and Orthodontics.

March 12, 2019

Acquisitions Colorado Office Western

Graham Street Realty Buys Three-Building Office Portfolio in Boulder

by Amy Works March 6, 2019

BOULDER, COLO. — San Francisco-based Graham Street Realty has purchased a three-building office portfolio in Boulder from SteelWave for an undisclosed price. The portfolio features a total of 114,862 square feet of leasable office and lab space. The portfolio includes: Plaza III — Located at 3005 Center Green Court, the property features 43,421 square feet, views of the Flatirons and covered parking. Built in 1984, the asset was 87.5 percent occupied at the time of acquisition. A two-story Class B property, located at 2945 Wilderness Place, that features traditional office space with lab improvements and surface parking. The property is fully leased to a single biotechnology tenant and has maintained 100 percent occupancy for more than 20 years. A 40,554-square-foot office property, located at 5665 Flatiron Parkway, that features a double-height lobby, glass roll-up door and modernized common areas and landscaping. The buyer plans to continue the seller’s building renovation program.

March 6, 2019

Colorado Loans Multifamily Western

Hunt Real Estate Capital Provides $5.2M Refinancing for Dillon Ridge Apartments in Colorado

by Amy Works March 6, 2019

DILLON, COLO. — Hunt Real Estate Capital has provided a $5.2 million conventional Freddie Mac multifamily loan for the refinancing of Dillon Ridge Apartments, a multifamily property in Dillon. The borrower is Dillon Ridge Apartments LLC. The loan features a 10-year term that will amortize over 30 years. Built in 2018, the three-building community features 36 two-bedroom apartments, 30 of which are area median income controlled, and 73 parking spots.

March 6, 2019

Colorado Development Multifamily Western

Wood Partners Begins Construction of 206-Unit Alta Green Mountain Apartments Near Denver

by Amy Works March 5, 2019

LAKEWOOD, COLO. — Wood Partners has started construction of Alta Green Mountain, a multifamily community in the Lakewood suburb of Denver. Located at 13155 W. Mississippi Court, the property will feature 260 garden-style apartments in a mix of one-, two- and three-bedroom floor plans, with nearly 50 percent of the units offering attached garages. Additionally, units will feature granite countertops, stainless steel appliances and 42-inch wood cabinetry. Community amenities will include a clubhouse with fitness center and cyber café, a resort-style swimming pool, a bicycle/ski repair shop and car charging stations. The property is slated to open in August, with pre-leasing beginning in July.

March 5, 2019

Acquisitions Colorado Retail Western

Newmark Knight Frank Arranges $3.2M Acquisition of 3,358 SF Retail Asset in Colorado

by Amy Works March 5, 2019

GRANBY, COLO. — Newmark Knight Frank has arranged the purchase of a retail property, located at 308 W. Agate Ave. in Granby. K & G Granby Properties acquired the 3,358-square-foot property from Kum & Go L.C. for $3.2 million. Justin Kaufmann, Riki Hashimoto and Daniel Grooters of Newmark Knight Frank represented the buyer, while CBRE/Hubbell Commercial represented the seller in the deal.

March 5, 2019

Acquisitions Colorado Retail Western

NAI Shames Makovsky Brokers $3M Sale of Retail Asset in Denver

by Amy Works February 22, 2019

DENVER — NAI Shames Makovsky has arranged the sale of a retail property, located at 2903 Larimer St. in Denver. Michio Iwahashi sold the asset to 2093 Larimer LLC for $3 million. The property features a 12,528-square-foot land parcel with two existing structures. Evan Makovsky and Todd Snyder of NAI Shames Makovsky represented the seller in the deal.

February 22, 2019

StoneCreek-Flying-Horse-Colorado-Springs-CO

Colorado Development Multifamily Seniors Housing Western

Civitas, StoneCreek to Build 115,000 SF Seniors Housing Community in Colorado Springs

by Amy Works February 20, 2019

COLORADO SPRINGS, COLO. — Civitas Senior Living, a senior living management company, and StoneCreek Real Estate Partners, a senior living developer, have announced plans for StoneCreek of Flying Horse, an upscale senior living community in Colorado Springs. This will be the fifth collaboration between the two companies. The 115,000-square-foot project will feature nine detached villas and 16 flats for independent living, 73 assisted living apartments, and 16 memory care residences. The community will be located in the master-planned Flying Horse neighborhood near the United States Air Force Academy with views of Pikes Peak. The official groundbreaking for StoneCreek of Flying Horse is scheduled for March 2019, with construction expected to begin April 1. Completion is anticipated in either late spring or early summer of 2020. This community is a joint venture for the two companies, with StoneCreek Real Estate Partners as the developer and Civitas Senior Living as the management company. Other project partners include D2 Architecture, Brinkmann Constructors and Senior By Design will provide the interior and exterior design.

February 20, 2019

Acquisitions Colorado Multifamily Western

Nexus Commercial Realty Directs $3M Sale of Multifamily Building in Denver

by Jeff Shaw February 18, 2019

DENVER — Nexus Commercial Realty has arranged the sale of Wise Harris Arms, a multifamily building located in Denver. An undisclosed buyer acquired the property from 605 26th Street LLC for $3 million. Located at 605 26th St., the Wise Harris Arms features 22 apartment units. Jason Koch of Nexus represented the seller in the transaction.

February 18, 2019

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