AURORA, COLO. — Inland Real Estate Acquisitions has purchased the 408-unit Après Apartments in Aurora for an undisclosed sum. The community is located at 1503 S. Galena Way. Après Apartments contains 17 three-story buildings with 196 one-bedroom and 212 two-bedroom units. Community amenities include a recently renovated clubhouse, fitness center, resident lounge, two swimming pools and a pet park. Units feature walk-in closets, washer and dryer, fireplace and a private balcony or patio.
BROOMFIELD, COLO. — Invesco Advisers has purchased a 186,231-square-foot office building in Broomfield for $47.1 million. The building is located at 105 Edgeview Drive. The asset is fully leased, with the anchor tenant being Gogo, an in-flight internet and entertainment provider. The newly built property, known as Gogo Building at Interlocken, was developed by Hines and designed by Forum Architects. It is the first phase of Hines’ EOS at Interlocken office campus development. NKF represented Hines in this transaction.
DENVER — TH Real Estate has purchased a three-property industrial portfolio in Denver for $50 million. The transaction contains a total of 485,984 square feet. The assets include two infill properties at 6400 Broadway and Bryant Street Quad in central Denver, as well as a large-scale, high-bay industrial property at 16600 Table Mountain in west metro Denver. The properties are fully leased. TH Real Estate is an affiliate of Nuveen, the investment arm of TIAA. NKF’s John Jugl Jr., Paul Donahue and Bret Hardy represented the seller, an institutional owner, in this transaction.
LAKEWOOD, COLO. — A joint venture between Holland Partner Group and North America Sekisui House has purchased the 472-unit Village at Bear Creek in Lakewood for an undisclosed sum. The apartment community is located at 2605 S. Miller Drive in the Bear Creek area. The asset was completed in two phases. It features two swimming pools, sun deck, hot tub, outdoor grilling area, basketball and tennis courts, 24-hour fitness center, business center, two clubhouses, community garden, and access to the adjacent Bear Creek hiking and biking trail. HFF’s Jordan Robbins, Jeff Haag and Anna Stevens represented both the buyer and unnamed seller in this transaction.
DENVER — HFF has arranged the $20 million sale of Tamarac Shopping Center, a 68,534-square-foot retail center in Denver. Chad Murray, Mark Williford and Bryan Ley of HFF arranged the transaction on behalf of the seller, DDR Corp. Tamarac Shopping Center 17 A LLC acquired the property, which was fully leased at the time of sale. Target shadow-anchors the center, which includes three single-tenant buildings triple-net-leased to Chick-fil-A, Benihana and Bank of the West, as well as a 33,099-square-foot strip center with 12 tenants including anchor Ace Hardware.
LONGMONT, COLO. — Broe Real Estate Group has purchased a 461,000-square-foot office/lab facility in Longmont, approximately 15 miles northeast of Boulder. The 24-acre business campus was built in 1989. The property was renovated and expanded in 2001 to facilitate a long-term lease with Maxtor Corp. (now Seagate Technology). Seagate vacated the property in 2007, but continued to make lease payments until the expiration of its lease in 2016. Shortly thereafter, the property was transferred through a deed in lieu of foreclosure transaction to a special servicer.
DENVER — A joint venture between Harbert Management Corporation and Bancroft Capital has obtained a $44.6 million loan to refinance Denver Highlands, a 359,919-square-foot office property in Denver. The asset is located at 10375 and 10065 E. Harvard Ave. The JV acquired the property in 2014 and repositioned the property. Renovations included exterior building improvements, landscaping, renovated lobbies and common areas, new elevators and tenant amenity space. Proceeds will be used to pay off the existing loan and fund leasing costs to bring the property to stabilization. Dennis Williams of NorthMarq Capital arranged the three-year, interest-only loan. Funds were provided by Bedrock Capital.
DENVER — Heitman LLC has purchased a 309,988-square-foot trophy office building in Denver for an undisclosed sum. The Class AA tower is located at 1401 Lawrence St. It sits adjacent to Larimer Square and the Four Seasons hotel at the convergence of Denver’s LoDo (lower downtown) neighborhood and the Central Business District. The property features 10-foot finished ceilings with floor-to-ceiling windows, outdoor terraces and balconies, 360-degree views from every floor including unobstructed panoramas of the Rocky Mountains, an exterior glass façade, state-of-the-art building systems, and a seven-story, above-grade parking garage. The asset is 98 percent leased to tenants like CoBiz Financial, Jagged Peak Energy and law firm Polsinelli. CBRE represented the seller, First Gulf Corporation of Toronto, which also developed the property.
DENVER — NexMetro Communities and Trez Capital have partnered to develop five of NexMetro’s Avilla Homes communities in a deal worth more than $100 million. The communities will debut in 2018 in Denver, Phoenix and Dallas. NexMetro Communities is a developer of luxury leased housing communities, while Trez Capital is a private non-bank lender. NexMetro, which currently has more than 2,600 units either built, under construction or under contract, has already closed on two of the initial five Class A projects with Trez. This endeavor was inspired by the National Multifamily Housing Council’s announcement that about 4 million new apartments will be needed by 2030 to keep up with demand.
DENVER — Griffis Residential has acquired The Huron, a new 296-unit apartment community in downtown Denver, for $100 million. The Class A+ community is located at 2975 Huron St. The Huron is situated just blocks from Coors Field in the Union Station North neighborhood. The property is also a few blocks from Union Station and a recently announced mixed-use development, which will include a Rockies Hall of Fame, outdoor public gathering area, hotel and office space. The Huron was built in 2016. Property amenities include a lounge with a tech bar, three theater screening rooms, a fitness center, controlled access and concierge service. Terrance Hunt, Shane Ozment, Jeff Hawks, Doug Andrews and Chris Cowan represented the seller, Edwards Cos., in this transaction.
