PUEBLO, COLO. — Hutton has started construction of a new phase of Pueblo Crossing, a shopping center just south of Colorado Springs. The center is situated on North Elizabeth Street. A 35,000-square-foot Dick’s Sporting Goods will anchor the center, which will also feature a 10,000-square-foot Ulta store, a 5,000-square-foot Maurice’s clothing store and an outparcel building with additional retailers that haven’t yet been announced. The newest phase of Pueblo Crossing will be situated on 8.2 acres. It will sit adjacent to the newly opened Dillon Drive Interstate interchange and the Colorado Department of Transportation office, which is currently under construction. Hutton plans to deliver the first phase of the project early this spring.
DENVER — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage firm, has partnered with Pamela Pyms and Hayden Behnke, both seniors housing real estate brokers in Denver. Since 2011, Pyms and Behnke have worked as a team structuring seniors housing sale transactions in the Mountain States. The pair also assists developers in sourcing equity and debt and arrange partnerships among institutional investors and national operators. The new additions represent wider market coverage and local expertise in Colorado and the surrounding region for Blueprint. Prior to joining Blueprint. Pyms owned and operated Pyms Capital Resources, a real estate brokerage firm focused on the senior living industry.
LOVELAND, COLO. — Mainstreet is set to open the doors on Medical Center of the Rockies at Centerra, a 70-bed skilled nursing facility in the Fort Collins suburb of Loveland. OZ Architecture designed the 50,000-square-foot property, which is expected to open before the end of this month. Mainstreet is an Indiana-based developer and investor in skilled nursing properties. OZ is a Denver-based architecture firm.
GRESHAM, ORE. — Stockdale Capital Partners has purchased Gresham Station Medical Plaza, a 100,419-square-foot medical office complex in the Portland suburb of Gresham for $23.5 million. The four-building complex is located at 831 N.W. Council Drive, 862-894 N.W. Burnside Drive and 1851-1867 N.W. Civic Drive. The medical office complex is situated near the Adventist Medical Center. Adventist Health anchors Gresham Station Medical Plaza, which is 77 percent leased. Additional tenants include DaVita HealthCare Partners and Providence Health & Services. The facility provides surgery, imaging, dialysis, primary care, orthopedics, laboratory, physical therapy, dermatology, dentistry, women’s health and pediatrics services. HFF’s Nick Kucha, Evan Kovac, Andrew Milne and Trent Jemmett represented both the buyer and the seller, Westlake Realty Group, in this transaction. The firm also worked to secure an acquisition loan for Stockdale.
DENVER — Rocky Crest Enterprises LLC has purchased 28 acres of land in the northern Denver submarket of Commerce City for $3.1 million. The land is located at 10600 Havana St. Rocky Crest plans to construct a 30,000-square-foot, multi-tenant industrial building with outside storage at the site. The LLC has also secured a lease for 10 acres with logistics firm Denver Intermodal Express. The firm plans to use the site for small office use, trailer storage and its grain operation. There are no current industrial developments underway in the immediate area, according to NGKF’s Russell Gruber, who represented Rocky Crest in the transaction. The acquisition also represents one of the largest land sales in the area since 2007. Construction is expected to commence in the third quarter of 2017, with completion scheduled for early 2018.
DENVER — A joint venture between Origin Investments and Hamilton-Titan Partners have completed the multi-million-dollar renovation and rebranding of Denver Corporate Center I. The 193,718-square-foot office building is now known as the Office @ dtc. It is located at 4700 S. Syracuse St. within the Denver Tech Center. The building was originally constructed in 1980. The JV renovated the lobby and added collaborative spaces, as well as upscale amenities, to the project. New amenities include a fitness center with country club-style locker rooms, secured bike storage, a Craft deli serving breakfast and lunch, a tenant social lounge, and a conference room and training center.
BROOMFIELD, COLO. — Summit Management Services has acquired the 350-unit Stonegate apartments in Broomfield for $86 million. The community is located at 11815 Ridge Parkway, halfway between Denver and Boulder. The property is just west of Interlocken Business Park, which is northwest Denver’s most prominent office park with more than 4 million square feet of office space, and Flatiron Crossing, which comprises more than 2 million square feet of retail, dining, hotel and entertainment options. Stonegate’s community amenities include a resort-style swimming pool, hot tub, grilling area, playground, dog park, 24-hour fitness center, resident lounge with full kitchen and fireplace, and views of the Rocky Mountains. The property is 95 percent occupied. HFF’s Jordan Robbins and Jeff Haag represented the seller in this transaction.
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