DENVER – The Bascom Group acquired the 112-unit Skyline View apartment community in the Denver submarket of Aurora for $8.4 million. The community is located at 456 South Ironton Street. It was built in 1972 and renovated in 2007. Debt financing was arranged by Gary Mozer and Katie Rodd of George Smith Partners. It was provided by One West Bank.
ENGLEWOOD, COLO. – Armstrong Steel Corporation has leased 34,652 square feet of industrial space in Englewood. The space is located at 3755 South Lipan Street. Armstrong was represented by Buzz Joerdens of Real Property Associates. The landlord, Consolidated Steel Services, was represented by Alec Rhodes, Tyler Smith and Aaron Valdez of Cassidy Turley.
COLORADO SPRINGS, COLO. – Budget Self Storage, a 51,400-square-foot self-storage facility in Colorado Springs, has sold to an unnamed buyer for $3.4 million. The property is located at 4915 Galley Road. It was 97 percent occupied at the time of sale. The seller, an LLC, was represented by Adam Schlosser, Chico LeClaire and Matt Tyler of Marcus & Millichap’s Denver office.
DENVER – The 62-room Quality Inn – Denver Tech Center in Centennial has sold to a private investor for $2.6 million. The hotel is located at 9799 E. Geddes Ave. Neville Rustomjee of Marcus & Millichap’s Denver office represented the seller, a limited liability company, in this transaction
COLORADO SPRINGS, COLO. — Advenir at Cheyenne Crossing, an apartment complex in Colorado Springs, has received a $3.8-million loan. The community is located at 640 Wycliffe Drive. The supplemental loan was originated by Charles J. Foschini, Christopher Apone and Christian Lee of the CBRE Capital Markets, South Florida Institutional Properties team, on behalf of Advenir@Cheyenne.
DENVER – A 2,900-square-foot retail space in Denver that is triple-net leased to 7-Eleven has sold to a private investor for $1.8 million. The space is located at 450 Federal Blvd. It was built in 2012. The seller, a private investor from Texas, was represented by Jonathan Selznick and Jeff Hauber of Hanley Investment Group.
LAKEWOOD, COLO. – A 41-unit apartment building in Lakewood has sold to a 1031 Exchange buyer for $4 million. The community is located at 375 S. Depew Street, near the Belmar Shopping Center. The buyer was represented by Jeff Johnson of Pinnacle Real Estate Advisors’ Johnson Ritter Team. The unnamed seller was represented by Josh Newell of the firm’s Newell Team.
DENVER — IMT Capital has acquired the 338-unit Alta Alameda Station in Denver for an undisclosed sum. The LEED-Gold-certified community is located at 275 S. Cherokee Street in the Baker neighborhood. The Baker neighborhood, just west of South Broadway, hasn’t received any new housing development in 10 years, according to Alta Alameda’s seller, Wood Partners. Alta Alameda was completed this past July. It is currently more than 90 percent occupied. The community sits across the street from the Alameda Light Rail station, which provides access to Downtown Denver and the Denver Tech Center. The site was previously home to a canning facility that provided rations during World War II, a Coors bottling plant and the Denver Studio complex. IMT Capital purchased this community with its affiliate, IMT Residential. Wood Partners is currently building three other luxury apartment communities in the Denver metro area, including Alta City House next to Union Station, Alta Harvest Station in Broomfield and Alta Cherry Hills in Englewood.
LONE TREE, COLO. – Charles Schwab has opened its 650,000-square-foot office campus in Lone Tree. The property will serve as the brokerage and banking company’s corporate campus. The campus is located at 9800 Schwab Way within the RidgeGate community. The new property will also house Schwab’s retail building that’s on the corner of Lincoln Avenue and Park Meadows Boulevard. It is one of four branches in the Denver area. The campus contains three five-story office buildings, a two-story retail branch, two parking garages and an amenities building that features a 15,000-square-foot employee dining facility. So far, about 70 percent of the campus has been completed. Two of the three office buildings are ready for occupancy. The third is scheduled for completion next summer. Schwab plans to move about 2,000 employees to its campus over the next year and a half. Construction on the campus began in March 2013. It was built by Mortenson Construction and designed by Fentress Architects. Schwab is pursuing LEED-Platinum certification on the campus. Sustainability features include a two-acre green roof, green materials, daylighting, water-saving devices and an optimized HVAC system.
DENVER — The 120-unit Remington Place apartment complex in Denver has sold to Virtú Investments for $15.1 million. The community is located at 8000 E. Girard Ave. It was built in 1970. The property is near the DTC Business Corridor, the largest employment center in metro Denver. It was 95 percent leased at the time of sale. The seller, Busboom Group, was represented by Terrance Hunt, Shane Ozment, Andy Hellman and Kevin Jewett of ARA Colorado.
