SAN DIEGO — Petco, a San Diego-based pet supplies retailer, has announced plans to open 12 new storesduring March 2017. Each new store will offer dog training areas, adoption centers and grooming salons. New store locations include Denver and Marana, Ariz. Petco has more than 1,500 Petco and Unleashed by Petco locations across the United States, Mexico and Puerto Rico.
AURORA, COLO. — BMC Investments has acquired the 464-unit Landon Park Apartments in Aurora for an undisclosed sum. The community is located at 100 S. Sable Blvd. Landon Park was built in 1978. It is situated one mile from the Aurora Metro Center light rail station, which provides access to Denver Tech Center, Fitzsimons Life Science District, the Stapleton Redevelopment and Denver International Airport. Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews of ARA Newmark represented seller, Bridge Investment Group, in this transaction.
NEWPORT BEACH, CALIF. — Lyon Living has received $388.4 million in loans to refinance a seven-property multifamily portfolio located in California and Colorado. The 2,152-unit portfolio consists of Trabuco Highlands in Trabuco Canyon, Calif.; The Vineyards in Anaheim, Calif.; The Arbors in Lake Forest, Calif.; Sedona in Placentia, Calif.; Monarch Coast in Dana Point, Calif.; Capistrano Pointe in San Juan Capistrano, Calif.; and Autumn Chase in Highlands Ranch, Colo. The portfolio was 94 percent leased at the time of financing. Charles Halladay, Sebastian Trujillo and Lauren LaFever of HFF worked on behalf of Lyon Living to secure the financing in seven separate loans placed with Freddie Mac’s CME Program. HFF will service the securitized loans, each of which has a fixed-rate term of 10 years with a minimum five years of interest-only payments. Loan proceeds were used to refinance expiring debt on the properties. Newport Beach-based Lyon Living develops, owns and operates a portfolio of multifamily communities in California, Colorado, Georgia and Florida. — Katie Sloan
DENVER — Buchanan Street Partners has purchased a 224,015-square-foot, transit-oriented office tower in Denver for an undisclosed sum. The 12-story tower is located at 5613 DTC Parkway within the Denver Technological Center in the city’s southeast region. The building is currently 80 percent occupied. Buchanan plans to complete improvements to attract and retain tenants. The company will focus on the asset’s tenant spaces, common areas and building systems. It will also look into improving the tower’s fitness center, lobby, elevators, cafe, conference center, parking deck and outdoor patios. Buchanan Street represented itself in this transaction, while CBRE’s Tim Richey, Mike Winn and Chad Flynn represented the seller, SteelWave LLC.
DENVER — The Denver Scholarship Foundation has signed a seven-year lease for 7,586 square feet of office space in the Golden Triangle area of Denver. The space is located at 789 Sherman St. The move will allow the nonproft to operate in a larger space with higher cost-savings compared to its current location near downtown Denver. The space is currently being built out, shifting from isolated offices to a more open floorplan to foster collaboration across departments. WinterRidge Builders Corp. is leading the build-out, which Elsy Studios designed. The property also houses the Colorado Collaborative for Nonprofits, which includes the Colorado Nonprofit Association, allowing the Denver Scholarship Foundation to collaborate with neighboring nonprofit organizations. The foundation will also be able to use Colorado Collaborative’s first-floor training center for various events. JLL’s Andy Cullen and Barry Dorfman represented the foundation. Alan Bruno of Centrepoint Properties represented the landlord in this transaction.
DENVER — Camden Property Trust has opened Camden Lincoln Station, an upscale, transit-oriented apartment community in the Denver submarket of Lone Tree. Units include stainless steel appliances, electric cooktops, quartz countertops and islands. Camden Lincoln Station also features a fitness center, yoga studio and two large courtyards with fire pits, gas grills, seating, lawn games and outdoor table tennis. This is Camden’s eighth community in the Denver metro area.
COLORADO SPRINGS, COLO. — A partnership between West Point Partners, Lions Gate Capital LLC and the Harp Group has acquired the 309-room Marriott Colorado Springs for an undisclosed sum. The hotel is located at 5580 Tech Center Drive. Marriott Colorado Springs was built in 1989. It contains 23,000 square feet of event and meeting space. The Marriott is situated near the U.S. Air Force Academy, the United States Olympic Training Center, and numerous aerospace, defense, and healthcare firms. Jeffrey Duni and Mike Dube, of HREC Investment Advisors’ Denver office, represented the Procaccianti Group in this transaction.
DENVER — Advenir has purchased the 230-unit Rockledge Bear Valley apartments in Denver for $38 million. The community is located at 3550 S. Kendall St. Rockledge Bear Valley amenities include a fitness center, WiFi Café, dog park, business center, outdoor grilling area, outdoor sport court, bocce ball court, resort-style pool and outdoor lounge with a fireplace. It is situated approximately five miles from Denver’s financial center. HFF’s Jordan Robbins and Jeff Haag represented the seller, Jackson Square Properties. The firm also arranged a three-year, full-term, interest-only, floating-rate loan with two 12-month extension options through Freddie Mac’s Green Program and Value-Add Program. HFF will service the securitized loan.
DENVER — An unnamed buyer has acquired the 22,627-square-foot Park Forum Office in Lakewood for $3 million. The two-building property is located at 3222-3232 S. Vance St. The buyer intends to occupy one of the buildings, while leasing out the other. Eric Shaw of Pinnacle Real Estate Advisors executed the transaction.
DENVER — Parkview Financial has provided a $13.5 million loan for an 82-unit micro-apartment community in Denver. The funds will go toward the construction of this ground-up development.