Colorado

JLL Brokers Sale of 2.1 MSF Industrial Portfolio Across Three Markets

by Amy Works June 3, 2025

DENVER — JLL Capital Markets has arranged the sale of an industrial portfolio spanning Denver, Houston and northern New Jersey. Principal Asset Management and a state-sponsored pension plan acquired the asset from an undisclosed seller. Terms of the transaction were not disclosed. Totaling 2.1 million square feet, the portfolio spans 10 industrial properties that were 96.7 percent occupied at the time of sale. The portfolio includes: – Five properties, totaling 1.2 million square feet, in Denver at 11700 E. 47th Ave., 11511 E. 45th Ave., 11775 E. 45th Ave., 11351 E. 45th Ave. and 11198 E. 45th Ave. – Four assets, totaling 708,944 square feet, at Waypoint Business Park on S. Sam Houston Parkway W in southwest Houston – A 208,899-square-foot facility at 1203 S. River Road at Exit 8A on the New Jersey Turnpike Trent Agnew, John Huguenard, Peter Merrion, John Plower, Patrick Nally, Charlie Strauss, William McCormack and Robert Key of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

June 3, 2025

Acquisitions Colorado Multifamily Western

Thompson Thrift Sells 300-Unit Upland Flats Multifamily Community in Colorado Springs

by Amy Works June 3, 2025

COLORADO SPRINGS, COLO. — Thompson Thrift has sold Upland Flats in Colorado Springs to NALS Apartment Homes for an undisclosed figure. Matt Barnett, Dan Woodward, Jake Young and Dave Potarf of Walker & Dunlop brokered the sale. Thompson Thrift began developing the 300-unit community in 2021. The Watermark 2021 Multifamily Development Fund III LP provided equity for the project. Situated on 15.5 acres, Upland Flats’ amenity package includes 24-hour fitness centers, community gardens, dog parks and more.

June 3, 2025

Colorado Development Retail Western

Evergreen Devco Completes Construction of Multi-Tenant Retail Buildings in Frederick, Colorado

by Amy Works June 3, 2025

FREDERICK, COLO. — Evergreen Devco has completed construction of site infrastructure and two multi-tenant retail buildings at Silverstone Marketplace, a 35-acre shopping center located at Highway 52 and Colorado Boulevard in Frederick. A 123,000-square-foot King Soopers Marketplace, including a French bakery, apparel, fuel station and drive-thru pharmacy, anchors the development. The location is the first King Soopers in Frederick. Silverstone Marketplace also includes 20,000 square feet of shop buildings that are 93 percent leased. Currently signed tenants include Wingstop, Club Pilates, Domino’s Pizza, Cold Stone Creamery, Great Clips, Blue Sky Nails & Lash, Five Guys, Pacific Dental and Chipotle. Chase Bank, Wendy’s and Valvoline will occupy pad sites, starting in early 2026, at the property. G3 Architecture served as architect, Galloway provided civil engineering design, Mark Young Construction handled site work and Epic Construction served as contractor for the shop buildings.

June 3, 2025

Acquisitions Colorado Industrial Western

Pinnacle Real Estate Brokers $5M Sale of Industrial Property in Arvada, Colorado

by Amy Works May 29, 2025

ARVADA, COLO. — Pinnacle Real Estate Advisors has brokered the $5 million sale of an industrial property located at 5335 Xenon St. in Arvada. The single-tenant property offers 15,975 square feet of industrial space. Mark Alley of Schneider Grimes Investment Services Group of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal. The buyer was not released.

May 29, 2025

Acquisitions Colorado Retail Western

Pinnacle Real Estate Brokers Sale of Two-Property Liquor Store Portfolio in Castle Rock, Colorado

by Amy Works May 27, 2025

CASTLE ROCK, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a two-property portfolio of operating liquor stores in Castle Rock. The portfolio includes Bubbles Liquor World, a 27,395-square-foot flagship store located off Interstate 25 and Meadow Parkway in Castle Rock, and Tiny Bubbles, a 4,000-square-foot satellite store on the east side of Castle Rock. The portfolio generates around $15 million in annual revenue. Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors represented the undisclosed seller and undisclosed buyer in the off-market deal. The Pinnacle team secured SBA financing for both locations and structured long-term leases for the new operators, ensuring stability and continued success for all parties involved.

May 27, 2025

Acquisitions Colorado Multifamily Western

Pinnacle Brokers $3.4M Sale of Value-Add Apartment Property in Boulder, Colorado

by Amy Works May 22, 2025

BOULDER, COLO. — Pinnacle Real Estate Advisors has brokered the sale of 1937 Goss Street, a value-add multifamily property in Boulder. The asset traded for $3.4 million, or $309,091 per unit. The 11-unit building is located in close proximity to the University of Colorado Boulder. Luke Salazar, Robert Lawson and Jim Knowlton of Pinnacle represented the buyer and seller in the deal.

May 22, 2025

Colorado Development Multifamily Western

The Garrett Companies to Develop Two Multifamily Communities in Metro Denver

by Amy Works May 21, 2025

LONGMONT AND COLORADO SPRINGS, COLO. — The Garrett Companies is developing two apartment communities in Longmont and Colorado Springs. The combined development value of the two properties is $145 million. Wintrust provided a construction loan for the Longmont property, while National Bank of Indianapolis provided a construction loan for the Colorado Springs asset. Located at 245 Bountiful Ave. in Longmont, the garden-style project will offer 224 one-, two- and three-bedroom apartments, with 12 percent of the units income restricted. The asset will include one four-story and 10 two-story buildings, a resort-style pool and spa with cabanas, a fitness center, TV lounges, pickleball courts and a dog park. Construction for the $90 million project is slated for completion in early 2027. Humphreys & Partners is serving as architect for the development. Situated on the southwest corner of Rio Vista Drive and Barnes Road in Colorado Springs, the garden-style property includes four four-story buildings with a mix of 41 percent one bedrooms, 41 percent two bedrooms and 18 percent three bedrooms. Each of the 163 units will have a full-sized washer/dryer. Community amenities will include a resort-style pool and spa and cabanas, a fitness center, dog park, clubhouse with lounge, billiards and arcade …

May 21, 2025

Acquisitions Colorado Multifamily Western

Pinnacle Negotiates Sale of 34-Unit Value-Add Apartment Complex in Englewood, Colorado

by Amy Works May 19, 2025

ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Kings Brook Arms Apartments, a value-add multifamily property located at 3445-3455 S. Marion St. in Englewood. The property traded for $5.1 million, or $150,000 per unit. The names of the buyer and seller were not released. Mark Knowlton, Jim Knowlton and Chris Knowlton of Pinnacle handled the transaction. Bank of Colorado provided financing for the acquisition.

May 19, 2025

Acquisitions Colorado Office Retail Western

Platinum CRE Arranges $3.3M Sale of Retail, Office Property in Denver

by Amy Works May 16, 2025

DENVER — Platinum Commercial Real Estate has arranged the sale of 76 N. Broadway, a retail and office property in Denver. The mixed-use property includes two buildings with long-term tenants in place. The main building features 13,000 square feet with The Hornet and Lucky Noodles restaurant on the ground floor and 18 fully leased office suites on the second floor. The properties also offer off-street parking with 21 spaces for the buildings. Paul Cattin of Platinum CRE represented the buyer, 76 N Broadway LLC, while Todd Snyder of Kentwood Commercial represented the seller in the deal.

May 16, 2025

Acquisitions Colorado Multifamily Western

Evergreen Devco Sells Outlook Table Mesa Multifamily Property in Wheat Ridge, Colorado for $97M

by Amy Works May 15, 2025

WHEAT RIDGE, COLO. — Evergreen Devco has completed the disposition of Outlook Table Mesa, an apartment community at 4051 Clear Creek Drive in Wheat Ridge. FJ Management acquired the asset for $97 million. Situated within Clear Creek Crossing, Outlook Table Mesa offers 250 apartments with quartz countertops, wood-looking floorings, oversized windows, tall ceilings, stainless steel kitchen appliances, full-size washers/dryers and designer selected lighting fixtures. Community amenities include a clubhouse with a business lounge, fitness center, electric vehicle charging stations and a secure mail room with package lockers and a dedicated space for oversized deliveries. Additional amenities include a resort-style pool with a swim-up bar and spa, fire pits, barbecue stations, a dog park, pet spa and multiple shade structures and game areas. Dave Martin and Brian Mooney of Northmarq’s Denver office negotiated the sale on behalf of Evergreen.

May 15, 2025

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