Colorado

Neenan Co. Begins Construction of 102,000 SF Madwire Headquarters in Fort Collins, Colorado

by Amy Works November 21, 2018

FORT COLLINS, COLO. — The Neenan Co. has started constructed of the new headquarters for Madwire in Fort Collins. Owned by 2001 Danfield LLC, a Northern Colorado investor group that includes Curt Burgener, Brian Stahl, Dave Derbes and Troy Peterson, the 102,000-square-foot is being developed by Peakstone Development. Located at 3405 S. Timberline Road, the redeveloped property will activate a building that has been vacant for two years. The digital marketing software company will expand into the remodeled 102,000-square-foot building, which will accommodate 700 employees. Madwire currently occupies 70,000 square feet in a multi-tenant office building. The project will revitalize the vacant facility, which was built in 1980. The remodeled building will feature breakout spaces, an auditorium, a large gym with multiple sport offerings, and an outdoor patio and deck. Completion is slated for May 2019.

November 21, 2018

Acquisitions Colorado Office Western

Bridge Investment Group, DPC Cos. Acquires 1.3 MSF Office Campus in Metro Denver

by Amy Works November 19, 2018

LAKEWOOD, COLO. — Bridge Investment Group, in partnership with Denver-based DPC Cos., has acquired Denver West Business Park, a 20-building flexible office campus located near downtown Denver, for an undisclosed price. Situated in Lakewood, the 82-acre asset features 14 buildings on the south side of Interstate 70 and six buildings on north side of the interstate. Originally built between 1974 and 1981, Denver West has undergone more than $25 million in capital improvements since 2014 and was 78 percent occupied at the time of sale. Recent renovations include roof replacement for all 20 buildings, base building repairs and $8.1 million in accretive cosmetic investment. Bridge and DPC plans to invest $14 million over the next three to four years in additional capital improvements. Planned renovations include modernizing the lobbies, elevators, restrooms, entrances, corridors, landscaping and existing amenities. New amenities will include paddle boarding, lakeside gazebos and other activities that resonate with the live-work-play workforce. DPC Cos. will oversee all leasing, property management and redevelopment work.

November 19, 2018

Acquisitions Colorado Retail Western

Dormie Capital Holdings Buys 86,659 SF Shopping Center in Colorado for $10.6M

by Amy Works November 15, 2018

CONIFER, COLO. — Dormie Capital Holdings has acquired Conifer Marketplace, a shopping center located at 10853 Highway 285 in Conifer, approximately 30 miles southwest of Denver. An undisclosed seller sold the property for $10.6 million. Built in 1984, the 86,659-square-foot retail property was 92 percent occupied at the time of sale. Tenants include Staples, O’Reilly Auto Parts and Anytime Fitness. Legend Investment Group, a division of Legend Partners, represented the seller. Matt Call and Heather Taylor of Navpoint represented the buyer in the deal.

November 15, 2018

Acquisitions Colorado Multifamily Western

Pinnacle Real Estate Brokers $5.1M Sale of Shady Brook Apartments in Englewood, Colorado

by Amy Works November 14, 2018

ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has arranged the sale of Shady Brook Apartments, a multifamily property located at 3655 S. Pennsylvania St. in Englewood. An undisclosed buyer acquired the 38-unit property for $5.1 million, or $134,211 per unit. Kevin Calame of Pinnacle represented the undisclosed seller, while Josh Newell, also of Pinnacle, represented the buyer in the deal.

November 14, 2018

Acquisitions Colorado Multifamily Western

Ellwood Corp. Sells 68-Unit Apartment Building in Denver for $16.5M

by Amy Works November 12, 2018

DENVER — Ellwood Corp. has completed the sale of Brittany House Apartments, a multifamily property located at 77 S. Ogden St. in Denver’s West Washington Park district. Denver-based RedPeak acquired the property for $16.5 million, or $242,647 per unit. The five-story building features 68 units in a mix of studio, one- and two-bedroom units. Bill Morkes and Craig Stack of Colliers International represented the seller in the deal.

November 12, 2018

Colorado Development Healthcare Office Western

Fidelis Healthcare Partners to Develop 100,000 SF Medical Office Property in Denver

by Amy Works November 8, 2018

DENVER — Fidelis Healthcare Partners has finalized an agreement to develop Saint Joseph Medical Office Pavilion, a five-story medical office property on the Uptown Denver campus of Saint Joseph Hospital. Situated at the intersection of Park Avenue, Odgen Street and 18th Avenue, the 100,000-square-foot property will have three floors dedicated to Class A medical office space, ground-floor retail and restaurant space, with wellness, fitness and entertainment space on the rooftop. Additionally, the project includes ground-level, covered parking for physicians and an adjacent parking lot for patients, visitors and tenant employees. The new facility is slated for completion in the second quarter of 2020.

November 8, 2018

Colorado Development Loans Multifamily Western

Knighthead Funding Originates $10M Construction Loan for Multifamily Development in Denver

by Amy Works November 7, 2018

DENVER — Knighthead Funding has originated a $10 million non-recourse loan for the construction of The Condor, a 28-unit townhome development in Denver’s Berkeley neighborhood. First Stone Development is the borrower. Located at 4469 Tennyson St., the three-level townhomes will range in size from 1,100 square feet to 1,800 square feet and will include an attached single-car garage and rooftop deck. This is the second loan Knighthead has funded for the borrower.

November 7, 2018

Acquisitions Colorado Multifamily Western

Pinnacle Real Estate Brokers $2.3M Sale of Value-Add Apartment Asset in Pueblo, Colorado

by Amy Works November 6, 2018

PUEBLO, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a value-add multifamily asset located at 1024-1026 Oxford St. and 28 Amherst Ave. in Pueblo. An undisclosed buyer acquired the asset for $2.3 million. Built in 1971, the property features 35 units and is within walking distance of Safeway and King Soopers. Chris Knowlton of Pinnacle Real Estate represented the buyer and undisclosed seller in the deal.

November 6, 2018

Acquisitions Colorado Office Western

LNR Partners Sells 57,287 SF Office Building in Fort Collins for $9.6M

by Amy Works November 5, 2018

FORT COLLINS, COLO. — LNR Partners, also known as MSCI 2006-HQ10 East Harmony Road LLC, has completed the sale of Preston Center, an office building located in southeast suburban Fort Collins. Brinkman Capital acquired the property for $9.6 million. Located at 2809 E. Harmony Road, the property features 57,287 square feet of Class B+ office space. At the time of sale, the property was 85 percent leased. David Tilton, Rick Egitto and Sam Crowe of Avison Young represented the seller in the deal.

November 5, 2018

Colorado Development Retail Western

Evergreen Devco Breaks Ground on Starbucks in Colorado Springs

by Amy Works October 26, 2018

COLORADO SPRINGS, COLO. — Evergreen Devco has broken ground for a Starbucks Coffee property located at 2457 N. Marksheffel Road in Colorado Springs. Situated within Claremont Ranch Marketplace, the 2,200-square-foot, single-tenant building will feature a drive-thru lane. The coffee shop is expected to open in early 2019. Denver-based G3 Architecture designed the property, while Longmont-based Golden Triangle Construction is serving as contractor for the project.

October 26, 2018

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