Colorado

Hamilton Zanze Buys 238-Unit Apartment Complex in Colorado for $60M

by Nellie Day November 8, 2017

ENGLEWOOD, COLO. — Hamilton Zanze has purchased the 238-unit Oxford Station apartment complex in Englewood for $60 million. The community is located at 4101 S. Navajo St. The asset features two five-story buildings that offer a mix of studio to two-bedroom units. Oxford Station was 96 percent occupied at the time of sale. Community amenities include a fitness center with virtual workout classes, skylevel entertainment lounge, social lounge, zen lounge, pet washing station and dog park, on-site secure storage, enclosed bicycle parking, pool with hot tub and barbeque area, outdoor gaming area, bike, ski and board repair station, and structured parking. CBRE’s David Potarf represented Hamilton Zanze.

November 8, 2017

Colorado Multifamily Western

Inland Real Estate Buys 141-Unit Village Gardens Apartments in Fort Collins

by Nellie Day November 6, 2017

FORT COLLINS, COLO. — Inland Real Estate Acquisitions has purchased the 141-unit Village Gardens Apartments in Fort Collins for an undisclosed sum. The community is located at 1025 Oxford Lane. Village Gardens contains 12 buildings with one- to three-bedroom units. Community amenities include a fitness center, dog park, fire pit with gas grills, sand volleyball court, life-size chess set and an all-season indoor pool. The property was 97 percent occupied at the time of closing. Inland Real Estate was represented in-house by Matthew Tice.

November 6, 2017

Colorado Industrial Office Western

Confluent Development, Bradbury Properties to Build Three Office, Industrial Buildings in Denver

by Nellie Day November 1, 2017

DENVER — A joint venture between Confluent Development and Bradbury Properties has agreed to build three new office and industrial buildings in Highfield Business Park in Denver. The park is situated near the intersection of E-470 and Peoria Street, southeast of Centennial Airport. The first project was completed in June and now houses two tenants. The 101,000-square-foot facility (Highfield Building 5), broke ground in October 2016 as a spec development. The building is occupied by Charter Communications and Gateway Classic Cars. The second project is a build-to-suit development for EdgeConneX. The third project in the business park is a 92,000-square-foot spec industrial facility. The project will break ground in November, with project completion scheduled for spring 2018.

November 1, 2017

Colorado Office Western

Goldman Sachs, Harbor Associates Buy Colorado Bank Building in Denver

by Nellie Day October 30, 2017

DENVER — A joint venture between Goldman Sachs Asset Management Private Real Estate (GSAM PRE) and Harbor Associates has purchased the Colorado Bank Building, a 115,000-square-foot historic office building in Denver, for an undisclosed sum. The building is situated at the corner of 17th Street and Champa. The asset was built in 1907. The joint venture plans to reposition the property into high-quality creative office space. The renovation will also include a refresh of the property’s historic lobby, added bike storage, locker rooms and showers and the build-out of other on-site food and beverage amenities.

October 30, 2017

Colorado Multifamily Western

ColRich Multifamily Buys 272-Unit Apartment Complex in Denver for $44.9M

by Nellie Day October 27, 2017

DENVER — ColRich Multifamily has acquired The Park at Canyon Ridge, a 272-unit apartment community in Denver, for $44.9 million. The community is located at 9757 E. Colorado Ave. The Park at Canyon Ridge is situated near light rail service, schools and major employment drivers, including the Fitzsimons Medical Campus, the Southeast Business Corridor and Buckley Air Force Base. The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private balconies. Amenities include a large swimming pool, fitness center and dog park. The Park at Canyon Ridge is 94 percent leased. HFF’s Jordan Robbins, Jeff Haag and Anna Stevens executed the transaction.

October 27, 2017

Colorado Hospitality Loans Western

Grandbridge Arranges $65M Refinancing for St. Julien Hotel and Spa in Boulder

by Nellie Day October 26, 2017

BOULDER, COLO. — Grandbridge Real Estate Capital has closed a $65 million first mortgage loan to refinance the 201-room St. Julien Hotel and Spa in Boulder. The hotel is located at 900 Walnut St. John Stewart arranged the permanent, fixed-rate loan. One of Grandbridge’s insurance company correspondents provided the funds.

October 26, 2017

Colorado Industrial Western

Eyzenberg & Co. Arranges Equity Partner for Northstar’s $37M Industrial Redevelopment in Broomfield, Colo.

by Nellie Day October 26, 2017

BROOMFIELD, COLO. — Northstar Commercial Partners, with its new equity partner Red Starr Investments, has plans to redevelop a property at 800 Hoyt St. in Broomfield, just east of Boulder. The company is demolishing the existing 110,000-square-foot structure to build a new industrial park on the 20-acre, environmentally remediated site. The finished project will contain two buildings totaling 315,720 square feet of Class A warehouse space. David Eyzenberg and Diana Davidson of Eyzenberg & Co. secured the equity partner for this $37 million development deal.

October 26, 2017

Colorado Multifamily Student Housing Western

ARA Newmark Brokers Sale of 151-Bed Student Housing Community in Colorado Springs

by Nellie Day October 26, 2017

COLORADO SPRINGS, COLO. — ARA Newmark has arranged the sale of the Lookout on Cragmor, a 151-bed community located near the University of Colorado-Colorado Springs. Newsome Development sold the Lookout on Cragmor to Student Quarters for an undisclosed price. Ryan Lang, Brandon Buell and Trent Houchin of ARA Newmark represented the seller.

October 26, 2017

Colorado Loans Office Western

Bentall Kennedy Receives $52.4M in Acquisition Financing for Office Building in Colorado

by Nellie Day October 25, 2017

ENGLEWOOD, COLO. — Bentall Kennedy has received $52.4 million in financing to acquire a 223,177-square-foot trophy office asset in Englewood. The asset is located at 9151 E. Panorama Circle within the Panorama Corporate Center. The property was built in 2017. It is fully leased to Arrow Electronics. Amenities include an employee kitchen, cafeteria, 8,000 square feet of meeting space, and a fitness center with showers and a locker room. HFF’s Cary Abod and Eric Tupler secured the five-year, 3.41 percent fixed-rate, full-term, interest-only loan through a correspondent life insurance company lender.

October 25, 2017

Colorado Retail Western

HFF Arranges $4.3M Sale of Shopping Center in Westminster

by Nellie Day October 24, 2017

WESTMINSTER, COLO. — HFF has arranged the $4.3 million sale of Brookhill Towne Center, a 99,142-square-foot retail center in Westminster, located 11 miles north of Denver. Jules Sherwood of HFF represented the seller and procured the buyer, Experimental Holdings Inc. Constructed in 1989, Brookhill Towne Center was 81.5 percent leased at the time of sale to Fruehauf’s, Guiry’s and Dollar Tree.

October 24, 2017

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