Colorado

The Preserve at the Meadows Apartment Complex in Fort Collins Sells for $46.1M

by Nellie Day June 7, 2016

FORT COLLINS, COLO. — Ft. Collins Multifamily III DST has acquired The Preserve at the Meadows, a 220-unit apartment complex in Fort Collins, for $46.1 million. The community is located at 350 Riva Ridge Drive, adjacent to the MAX bus rapid transit line. Jeff Slinde and Bert Slinde of Slinde Realty represented the buyer. Jake Hallauer and Ryan Schaefer of Chrisland Real Estate Companies represented the sellers, The Preserve at the Meadows Ltd., SC Residential LLC and multiple other entities, in this transaction.

June 7, 2016

Colorado Mixed-Use Western

OZ Architecture to Design DriveTrain Mixed-Use Development in Denver

by Nellie Day June 6, 2016

DENVER — Developers Tom and Brooke Gordon have chosen OZ Architecture to design DriveTrain, a mixed-use development to be built in Denver’s RiNo neighborhood. The development is projected to cost between $75 million and $90 million, according to reports by the Denver Business Journal. The project will include pedestrian-friendly, interconnected residential, retail, restaurants, incubator space for local chefs and artists, underground parking and a 120-room boutique hotel. The property’s residential component will include condominiums ranging from penthouses, to micro-units and affordable housing. Groundbreaking is expected to take place in early 2017, with completion scheduled for late 2018.

June 6, 2016

Colorado Retail Western

Sports Authority to Close All Stores

by Nellie Day May 27, 2016

ENGLEWOOD, COLO. — Englewood-based Sports Authority Inc. has announced that it will close the doors to all 463 of its locations by the end of August. The company filed for Chapter 11 bankruptcy protection in March, with plans to close only 140 of its locations. Liquidation sales will be held in all stores, with exchanges and returns available through June 25. Bloomberg News has reported that Sports Authority is in talks with Pittsburgh-based rival chain Dick’s (NYSE: DKS), as well as other parties, regarding the sale of stores and intellectual property.

May 27, 2016

Colorado Multifamily Seniors Housing Western

OZ Architecture to Design 10-Acre Seniors Housing Community in Colorado

by Nellie Day May 26, 2016

MONTROSE, COLO. — Roaring Fork Lodge LLC has selected Denver-based architectural firm OZ Architecture to design Roaring Fork Lodge, a new independent living, assisted living and memory care community in Montrose, located in the southwestern portion of Colorado. The 80,000-square-foot community will be situated on a 10-acre plot. It will include 10 independent living duplex cottages, in addition to the main building that will feature 69 independent living, assisted living and memory care apartments. The site will also feature a retail component, coffee shop, café and small medical clinic. Colorado-based Vivage Senior Living will operate the community, which is expected to open in late 2016.

May 26, 2016

Colorado Multifamily Western

American Realty Advisors Buys Apartment Building in Downtown Denver

by Nellie Day May 23, 2016

DENVER — American Realty Advisors has purchased a 341-unit apartment building in the Union Station submarket of downtown Denver. The purchase price was not disclosed. The property, formerly known as Elan Union Station, will be rebranded as ALARA Union Station. The newly constructed asset is located at 1975 19th St. The property also contains 58,000 square feet of ground-floor retail space and a two-story subterranean parking garage. King Soopers, Wells Fargo, upscale pet food store Kriser’s and the Pig and Sprout, a new restaurant concept by a local restaurateur, lease the retail portion. Jordan Robbins and Jeff Haag of Holliday, Fenoglio and Fowler represented the seller, a joint venture that included Greystar, in this transaction.

May 23, 2016

Colorado Retail Western

Pinnacle Arranges $4.8M Sale of Centennial Corners in Metro Denver

by Nellie Day May 12, 2016

CENTENNIAL, COLO. — Pinnacle Real Estate Advisors LLC has arranged the sale of Centennial Corners, an 18,719-square-foot shopping center located in the Denver suburb of Centennial. Kevin Calame and Matt Lewallen of Pinnacle represented the buyer, Centennial Corners LLC, and Tom Ethington and Robert Edwards of Pinnacle represented the seller, Woodbury Corp., in the transaction. Walmart shadow-anchors the center, which is home to tenants including Anytime Fitness, Bawarchi Biryani Point, Domino’s, Anytime Lab, Game Stop and Qdoba.

May 12, 2016

Colorado Retail Western

Matthews Retail Arranges $4M Sale of Quincy Corners in Metro Denver

by Nellie Day May 9, 2016

AURORA, COLO. — Matthews Retail Advisors has arranged the $4 million sale of Quincy Corners, a 15,765-square-foot shopping center located in the Denver suburb of Aurora. Patrick Toomey of Matthews represented the seller, Spirit Realty Capital, in the sale of the property to a private local investor. The Big 5 Sporting Goods-anchored center is fully occupied.

May 9, 2016

Colorado Industrial Western

Extra Space Storage Facility in Centennial Sells for $11.3M

by Nellie Day May 5, 2016

CENTENNIAL, COLO. — An undisclosed buyer has purchased a 533-unit Extra Space Storage facility in Centennial for $11.3 million. The community is located at 7059 S. Kenton St., 16 miles southeast of downtown Denver. The facility was built in 2009. Adam Schlosser, Chico LeClaire and Brett Hatcher of Marcus & Millichap executed the transaction. Richard Bird is the firm’s broker of record in Colorado.

May 5, 2016

Colorado Office Western

Akerman Law Firm Expands to New Location in Denver

by Nellie Day May 4, 2016

DENVER — Akerman LLP is relocating its offices to a 23,762-square-foot space at 1900 16th St. in Denver’s LoDo Historic District. The law firm is moving from a 14,658-square-foot space at 1400 Wewatta St. The new office accommodates 25 lawyers and patent professionals. Akerman will assume the lease on July 1. It will move in by the end of the year when its current lease expires. Franklin Street represented the firm.

May 4, 2016

Colorado Retail Western

US Property Trust Acquires Mulberry & Lemay Crossing in Colorado

by Nellie Day May 3, 2016

FORT COLLINS, COLO. — US Property Trust has acquired Mulberry & Lemay Crossing, an 18,988-square-foot shopping center located in Fort Collins, for an undisclosed price. Walmart and The Home Depot shadow anchor the center. Tenants at the property, located at 1281 E. Magnolia St., include RadioShack, Supercuts, Silver Mine Subs, The UPS Store, Qdoba, Dairy Queen, GameStop, Papa John’s, State Farm and Chase Bank.

May 3, 2016

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