Colorado

Phoenix Realty Group Acquires Chelsea Park Village in Aurora

by Nellie Day December 3, 2014

AURORA, COLO. — Phoenix Realty Group (PRG) has acquired the 600-unit Chelsea Park Village in Aurora for an undisclosed sum. The community is located at 11850 East Maple Ave. Chelsea Park is situated near many of Denver’s major employment hubs, including the Denver Tech Center (DTC), the Lowry Redevelopment Area, the Stapleton Redevelopment Area and Fitzsimons Lifescience Campus. The community is currently 97 percent occupied. Common-area amenities include a renovated clubhouse and leasing center, heated swimming pool and spa with patio area, splash park, two saunas, fitness center, turfed soccer field, baseball field, basketball court, dog park and a new playground. PRG plans to further enhance both the community amenities and unit interiors. CBRE’s David Potarf and Dan Woodward represented both the buyer and unnamed seller in this transaction. Sandler O’Neill + Partners served as PRG’s financial advisor. It also sourced its joint venture equity.

December 3, 2014

Colorado Retail Western

AmCap Buys The Gardens on Havana in Aurora for $86.3M

by John Nelson November 26, 2014

AURORA, COLO. — AmCap has purchased The Gardens on Havana, a 496,561-square-foot open-air shopping center in Aurora, for $86.3 million. The center is located at 10551 E. Garden Drive. The retail center is 98.4 percent occupied. Notable tenants include Target, Sprouts Farmers Market, Kohl’s, Toys ‘R’ Us, Dick’s Sporting Goods, Petco, Ulta, Noodles & Company, Chick-fil-A and Starbucks. The Gardens on Havana was purchased on behalf of one of AmCap’s institutional investors. Miller Realty was the seller.

November 26, 2014

Colorado Office Western

Fort Collins Office Building Sells for $2.7M

by Nellie Day November 25, 2014

FORT COLLINS, COLO. – An 11,750-square-foot office building in Fort Collins has sold to URDA LLC for $2.7 million. The building is located at 3702 South Timberline Road. The buyer was represented by Brian Mannlein of Cassidy Turley and Charlie Koons of Mountain ‘n Plains. The seller, CFG Real Estate LLC, was represented by Stuart Thomas of Cassidy Turley.

November 25, 2014

Colorado Office Western

Fort Collins Office Building Sells for $2.7M

by Nellie Day November 24, 2014

November 24, 2014

Colorado Office Western

Unbridled Holdings Acquires Grant Street Mansion in Denver

by Nellie Day November 24, 2014

DENVER – Unbridled Holdings LLC has acquired Grant Street Mansion, a 20,000-square-foot, historically designated mansion in Denver, for an undisclosed sum. The mansion is located at 1115 Grant Street in the Capitol Hill neighborhood. The property was originally built in 1892. It currently contains 28 converted office suites within the four-story, 16,000-square-foot main house, and three office suites within a two-story, 4,000-square-foot carriage house. The mansion was 95 percent occupied at the time of sale. The seller was Pathfinder Partners. The transaction was executed by Tim Finholm of Unique Properties.

November 24, 2014

Colorado Multifamily Western

Sonoma Resort at Saddle Rock in Aurora Changes Hands

by Nellie Day November 21, 2014

AURORA, COLO. — A private investor has acquired the 604-unit Sonoma Resort at Saddle Rock in Aurora for an undisclosed sum. The Class A apartment community is located at 21904 East Ontario Drive, just east of Denver. Sonoma Resort at Saddle Rock was originally built in 2001 and 2002 as two separate properties. The combined property now sits on 19.4 acres, about 10 minutes east of the Denver Tech Center. The community is 97 percent occupied. Common-area amenities include two fitness centers, a business center, two resort-style clubhouses with pools and a spa, an outdoor barbeque area and a playground. The seller, a joint venture between the Bascom Group and GE Capital Real Estate, was represented by HFF’s Jordan Robbins, Sean Deasy, Jeff Haag and Jared Buffington.

November 21, 2014

Colorado Retail Western

Erie Moves Forward on King Soopers Shopping Center Development

by Nellie Day November 20, 2014

ERIE, COLO. – The Town of Erie is moving forward on an agreement that would give it the exclusive option to purchase a 20-acre site where a shopping center anchored by King Soopers would soon be developed. The 125,000-square-foot center would be located at the northwest corner of Highway 7 and Sheridan. The option agreement was recently approved, making way for King Sooper to submit a development application. Once that is completed, the town and the supermarket can move forward on a development agreement.

November 20, 2014

Colorado Industrial Loans Western

Boulder Tech Center Receives $8M Loan

by Nellie Day November 17, 2014

DENVER – Boulder Tech Center, a 169,596-square-foot flex/research and development campus in Boulder County, has received an $8-million loan. The four-building campus is located at 6400 and 6450 Dry Creek Parkway and 6325 and 6450 Monarch Parkway. The non-recourse, 10-year loan features an interest rate of 3.7 percent and a 25-year amortization schedule. It was arranged by Stephen P. Bye of NorthMarq Capital’s Denver regional office.

November 17, 2014

Colorado Retail Western

The Shoppes on Academy in Colorado Springs Sells for $4.1M

by Nellie Day November 17, 2014

COLORADO SPRINGS, COLO. – The Shoppes on Academy, a 7,599-square-foot shopping center in Colorado Springs, has sold to an unnamed buyer for $4.1 million. The Class A center is located at 7252 North Academy Blvd. Notable tenants include Verizon, Floyd’s 99 Barber Shop and Five Guys Burgers and Fries. The seller was represented by Tom Ethington and Rob Edwards of Pinnacle Real Estate Advisors.

November 17, 2014

Colorado Industrial Western

Genesis Hospitality Subleases Space in Fort Collins

by Nellie Day November 17, 2014

FORT COLLINS, COLO. – Genesis Hospitality has subleased 20,000 square feet of industrial space in Fort Collins. The space is located at 1730 East Prospect Road. It was sublet from Advanced Energy. Jared Goodman and Jason Ells of Cassidy Turley and JLL’s Mike Deatly and Todd Roebken represented both parties in this transaction.

November 17, 2014

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