Colorado

CA Senior Living Starts Construction of 137-Unit Seniors Housing Community in Metro Denver

by Amy Works October 23, 2018

WESTMINSTER, COLO. — CA Senior Living LLC has started construction of Atria Westminster, a five-story, 137-unit senior living community in Westminster, approximately 10 miles northwest of Denver. When complete, Atria Westminster will offer 107 assisted living apartments, 30 memory care studios, and a single-story dining and amenity wing. Assisted living units will range in size from 410-square-foot studios to 970-square-foot two-bedrooms, while memory care studios will range from 275 to 310 square feet. Designed by OZ Architects and built by Brinkmann Constructors, Atria Westminster is located less than a half-mile from a variety of shopping, dining and entertainment offerings. Louisville, Ky.-based Atria Senior Living has been retained as the operator for the community. The property is expected to open in early 2020. CA Senior Living is the seniors housing investment and development division of Chicago-based CA Ventures. The company currently has 22 communities operating or under construction throughout the U.S. Atria Westminster will be the fourth CA Senior Living property operated by Atria Senior Living.

October 23, 2018

Golden-Orchard-Assisted-Living-Littleton-CO

Acquisitions Colorado Multifamily Seniors Housing Western

Haven Senior Investments Negotiates $4.2M Sale of Memory Care Community Near Denver

by Amy Works October 22, 2018

LITTLETON, COLO. — Haven Senior Investments has arranged the sale of Golden Orchard Assisted Living, a 40-bed memory care facility in Littleton. The property was 85 percent occupied at the time of closing and the price was $4.2 million. Neither the buyer nor seller were disclosed. John Hauber, founder of Haven Senior Investments, facilitated the sale. Live Oak Bank provided acquisition financing.

October 22, 2018

Acquisitions Colorado Restaurant Retail Western

Charles Dunn Co. Arranges $3.2M Sale of Restaurant Property in Metro Denver

by Amy Works October 22, 2018

PARKER, COLO. — Charles Dunn Co. has negotiated the sale of a single-tenant restaurant property located at 11179 Pikes Peak Drive in Parker, a suburb 25 miles southeast of Denver. A California-based private investment group sold the property for $3.2 million in a 1031 exchange. Jack in the Box occupies the 2,920-square-foot property and has 12 years remaining on its lease. The buyer plans to hold the asset as a long-term investment with minimal landlord responsibilities. Justin Mendelson and Joshua Berger with Charles Dunn Co.’s restaurant property group, in collaboration with JDS Real Estate, represented both the seller and the undisclosed buyer.

October 22, 2018

Colorado Loans Multifamily Western

Hunt Real Estate Capital Provides $39M Loan for Manufactured Housing Community in Boulder, Colorado

by Amy Works October 19, 2018

BOULDER, COLO. — Hunt Real Estate Capital has provided a Fannie Mae conventional multifamily loan in the amount of $39 million to refinance a manufactured housing community in Boulder. The borrower is a diversified real estate investment firm. The 10-year loan has a 30-year amortization and 114-month yield maintenance. Developed in 1970, Boulder Meadows MHC is a 638-unit multifamily/mobile home park community. On-site amenities include a swimming pool, tennis court, playground, clubhouse/recreational building, basketball court, security, leasing office and public water/sewer. At the time of financing, the property was 99 percent leased.

October 19, 2018

Acquisitions Colorado Office Western

NAI Shames Makovsky Negotiates $4.7M Acquisition of Office Building in Denver

by Amy Works October 19, 2018

DENVER — NAI Shames Makovsky has arranged the purchase of an office property located at 1009 Grant St. in Denver. Casa Grande 1009 LLC acquired the property from Credit Union Strategic Partners for $4.7 million. The property features 23,577 square feet of office space. Dorit Fischer and Hayden Hirschfield of NAI Shames Makovsky represented the buyer in the deal.

October 19, 2018

San-Marino-Retirement-Community-Westminster-CO

Acquisitions Colorado Multifamily Seniors Housing Western

Marcus & Millichap Negotiates $32.4M Sale of Seniors Housing Community in Metro Denver

by Amy Works October 15, 2018

WESTMINSTER, COLO. — Marcus & Millichap has arranged the sale of San Marino Retirement Community, located at 5000 W. 75th Ave. in Westminster, a suburb of Denver. A Chicago-based private equity firm acquired the property from a private investor and owner-operator for $32.4 million. Tony Cassie and Sam Thompson of Marcus & Millichap’s Portland, Ore., office facilitated the transaction. Bob Kaplan of Marcus & Millichap’s Denver office is the firm’s broker of record in Colorado. Built in stages between 1987 and 1999, the five-building, 185,871-square-foot property is situated on 9.3 acres and offers independent living, assisted living and memory care residential options for seniors.

October 15, 2018

Colorado Hospitality Loans Mixed-Use Office Restaurant Retail Western

Continuum Partners Receives $110M Refinancing for Mixed-Use Project in Downtown Denver

by Amy Works October 12, 2018

DENVER — Denver-based Continuum Partners has received $110 million in financing for A Block, a mixed-use development located in downtown Denver. The 310,055-square-foot project features the 200-key Kimpton Hotel Born, located at 1600 Wewatta St., and a 54,976-square-foot Class A office building with ground-level retail space and a 197-space parking garage, located at 1881 16th St. Completed in 2017, A Block has two separate components: the 12-story Hotel Born and the five-story office and retail portion. The hotel features 13,937 square feet of flexible meeting space, a fitness center, business center, ground-floor retail space and two food and beverage options, Citizen Rail Restaurant in the hotel lobby and Tavernetta. The fully occupied office building features 7,929 square feet of retail space leased to national tenants. Eric Tupler, Leon McBroom and Tyler Dumon of HFF arranged the floating-rate loan with a national bank. Loan proceeds will be used to retire the existing construction financing, which was placed by HFF in 2015.

October 12, 2018

Acquisitions Colorado Industrial Western

Newmark Knight Frank Arranges $29M Sale of Office Property in Broomfield, Colorado

by Amy Works October 12, 2018

BROOMFIELD, COLO. — Newmark Knight Frank has brokered the sale of an office building located at 370 Interlocken Blvd. in Broomfield. RREF III-P Interlocken LLC sold the property to IPXI Interlocken Investors LLC for $29 million. The property features 150,656 square feet of office space. John Jugl and Paul Donahue of Newmark Knight Frank represented the seller, while CBRE represented the buyer in the deal.

October 12, 2018

Colorado Development Retail Western

Confluent Development Nears Completion of Multi-Tenant Retail Center in Colorado Springs

by Amy Works October 11, 2018

COLORADO SPRINGS, COLO. — Confluent Development is nearing completion of an 8,265-square-foot, multi-tenant retail center in Colorado Springs. The property will be home to a 3,800-square-foot Snooze: an A.M. Eatery restaurant and a 1,491-square-foot Bishops Cuts/Color barbershop. Both locations are set to open in early 2019. The project is designed to also house a third future retailer in the remaining 3,000 square feet of space. Studio DH Architecture served as the architect on the project and Epic Construction as the general contractor.

October 11, 2018

Colorado Loans Mixed-Use Multifamily Retail Western

HFF Arranges $50M in Financing for Mixed-Use Development in Denver

by Amy Works October 10, 2018

DENVER — HFF has arranged $50 million in financing for 210 St. Paul, the first phase of The St. Paul Collection, a mixed-use residential and retail property in Denver’s Cherry Creek North neighborhood. The borrower is BMC Investments. Brock Yaffe of HFF secured the 11-year, non-recourse, full-term, interest-only, fixed-rate loan through Freddie Mac’s Lease-Up Loan Program. The loan will replace existing construction financing and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. Located at the intersection of St. Paul Street and Second Avenue, The St. Paul Collection is a two-phase development. Completed in June, 210 St. Paul features 81 residences in a mix of one-, two- and three-bedroom floorplans, as well as penthouses, ranging in size from 770 square feet to 2,800 square feet. Additionally, the property includes 11,000 square feet of retail space leased to CB2. The second phase, which is not part of this financing, will bring an additional 84 residential units and 44,000 square feet of retail space. Designed by 4240 Architecture, the property features condo-quality finishes and modern open layouts with oversized living spaces, gourmet kitchens, full bathroom suites with heated floors, built-in closet systems, in-house automation, custom hardwood flooring, …

October 10, 2018

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