Thursday, November 21, 2024
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Colorado

Lodge-at-Greeley-CO
AcquisitionsColoradoMultifamilySeniors HousingWestern

Bow River Capital Sells Two-Property Seniors Housing Portfolio in Colorado for $30M

by Amy Works

GREELEY AND GRAND JUNCTION, COLO. — Bow River Capital has completed the disposition of a two-property seniors housing portfolio in Colorado. An undisclosed buyer acquired the 140-unit, fully private-pay seniors housing portfolio for $30 million. Completed in 2020, the two-story The Lodge at Greeley, located at 4430 24th St. in Greeley, offers 92 units in a mix of 20 independent living, 48 assisted living and 24 memory care units within studio and one-bedroom layouts. At the time of sale, the property was fully occupied. The pet-friendly community offers a beauty salon, library, fitness center, private event rooms, an outdoor dining area and restaurant-style dining. Completed in 2019, The Lodge at Grand Junction offers 48-unit, 50-bed assisted living and memory care units in studio and one-bedroom layouts. The pet-friendly community offers a beauty salon, media room, therapy and exercise room, a chapel and restaurant-style dining. The JLL Seniors Housing Capital Markets team represented the seller in the deal.

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AcquisitionsColoradoIndustrialWestern

Unique Properties Brokers $5.4M Sale of Warehouse Building in Aurora, Colorado

by Amy Works

AURORA, COLO. — Unique Properties / TCN Worldwide has arranged the sale of an industrial warehouse facility located at 11601 E. 33rd Ave. in Aurora. The asset traded for $5.4 million. Trane occupies the 24,536-square-foot building under a long-term, single-tenant net lease agreement. The property features a large, fenced yard, one platform dock and three drive-in doors. Sam Leger and Graham Trotter of Unique Properties / TCN Worldwide represented the undisclosed seller in the deal. The name of the buyer was not released.

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The-Quarry-Fort-Collins-CO
ColoradoDevelopmentMultifamilyWestern

Thompson Thrift Opens 319-Unit Quarry Apartment Community in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — Thompson Thrift has opened The Quarry, a multifamily property located at 1775 Ashlar Drive near the main campus of Colorado State University in Fort Collins. The first residents began moving into the community in April, and Thompson Thrift expects construction to be completed during first-quarter 2025. Situated on 20 acres, The Quarry offers 319 one-, two- and three-bedroom apartments in three- and four-story buildings, as well as 10 single-family villa structures and detached garages. Units features gourmet bar kitchens with quartz countertops and designer backsplashes, walk-in closets and full-size washers/dryers, as well as private outdoor spaces with fenced yards on select units. Community amenities include a clubhouse, 24-hour fitness center, swimming pool with cabanas, community garden and a fitness trail.

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Ascent-Commerce-Center-Commerce-City-CO
AcquisitionsColoradoIndustrialWestern

Ambrose Property Group Acquires 595,000 SF Ascent Commerce Center Near Denver for $61M

by Amy Works

COMMERCE CITY, COLO. — Indianapolis-based Ambrose Property Group has purchased Ascent Commerce Center, an industrial park situated on 33 acres in Commerce City, a northeast suburb of Denver, for $61 million. Ascent Commerce Center is located at 17776, 17956 and 18146 E. 84th Ave. Built in 2021, the three-building park offers 595,000 square feet of Class A industrial space. At the time of sale, the asset was 45.6 percent leased to four tenants. La-Z-Boy and PCL Construction occupy the 154,831-square-foot Building I. McKesson leases 135,053 square feet at Building II, a 313,080-square-foot, cross-dock facility at the center of the site. The Lawless Group occupies 26,463 square feet of Building III, a 127,631-square-foot asset on the east side of the park. The buildings offer 32- and 36-foot clear heights, dock-high and drive-in loading, ESFR sprinklers, multiple points of ingress and egress and trailer parking. Will Strong, Molly Hunt, Michael Matchett and Dean Wiley of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller, an undisclosed asset manager, in the deal. Drew McManus, Bryan Fry and Ryan Searle of Cushman & Wakefield provided local advisory services. Additionally, Rob Rubano, Brian Share, Max Schafer, Garrett Stasand, Lars Weston, Niki …

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52-W-84th-Ave-Thornton-CO
AcquisitionsColoradoRetailWestern

SRS Real Estate Brokers $8.3M Sale of New 7-Eleven-Occupied Retail Property in Thornton, Colorado

by Amy Works

THORNTON, COLO. — SRS Real Estate Partners has negotiated the sale of a retail property located at 52 W. 84th Ave. in Thornton, roughly 10 miles north of Denver. A California-based private investor acquired the asset from a Colorado-based developer for $8.3 million. 7-Eleven occupies the 4,050-square-foot property, which was built in 2023. The tenant has 14 years remaining on its corporate-guaranteed lease. Ryan Tomkins of SRS Capital Markets represented the seller in the deal.

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Elevon-Denver-CO
ColoradoDevelopmentMultifamilyWestern

High Street Residential, PGIM Complete 301-Unit Elevon Apartments in Denver

by Amy Works

DENVER — High Street Residential, the residential subsidiary of Trammell Crow Co., and its joint venture partner PGIM Real Estate have completed Elevon, a multifamily property in Denver’s Central Park master-planned community. Located at 3650 Uinta St., Elevon offers 301 studio, one- and two-bedroom apartments with 10-foot ceilings, private balconies, smart unit technology, wood-plank style flooring, stainless steel Energy Star appliances and quartz countertops. Bathrooms include tile flooring, tile shower surrounds and quartz vanities. Community amenities include two courtyards, one of which features a pool, deck, hot tub, cabanas, loungers, an outdoor bar and grilling area. The second courtyard features green space and contemplative zones. Other amenities include reserved garage parking, a fitness center, onsite coworking space, pet spa, bike storage, outdoor paseo, dog park, storage lockers, leasing lobby, ride-share lounge, clubroom and a business center. KTGY Architects designed the property, while Martines Palmieri Construction served as general contractor. Greystar is overseeing leasing and property management for the community. Monthly rental rates at Elevon range from $1,760 to $3,710, according to Apartments.com.

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1525-Josephine-St-Denver-CO
AcquisitionsColoradoOfficeWestern

Pinnacle Real Estate Directs $2.1M Sale of Office Building in Denver

by Amy Works

DENVER — Pinnacle Real Estate Advisors has arranged the sale of an office building in Denver. Collaborative Healing Initiative Within Communities (CHIC Denver) acquired the asset from Unbridled Wealth for $2.1 million, or $327.14 per square foot. Located at 1525 Josephine St., the property offers 6,358 square feet of office space. Cody Stambaugh, Liz Morgan and Kyle Moyer of The Morgan Stambaugh Group at Pinnacle Real Estate Advisors handled the transaction.

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AcquisitionsColoradoRetailWestern

Pinnacle Real Estate Negotiates Sale of 19,622 SF Shopping Center in Thornton, Colorado

by Amy Works

THORNTON, COLO. — Pinnacle Real Estate Advisors has directed the sale of Shops at Highpointe Park in Thornton. A Colorado-based private investor sold the asset to a Pennsylvania-based institutional investor for $6.3 million. Located at 9740 and 9760 Grant St., Shops at Highpointe Park consists of two adjacent retail strip centers built in 2008 and totaling 19,622 square feet. Justin Krieger represented the seller and procured the buyer in the deal.

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AcquisitionsColoradoRestaurantRetailWestern

CenterSquare Acquires 18,938 SF Shops at Highpointe in Denver

by Amy Works

DENVER — CenterSquare has purchased Shops at Highpointe, an essential service retail (ESR) shopping center in Denver. Terms of the transaction and the name of the seller were not released. Located at the northeast corner of Grant Street and 97th Avenue, Shops at Highpointe offers 18,938 square feet of retail space that was 88 percent occupied at the time of sale. T-Mobile, Dickey’s BBQ and Red Wing Shoes, along with several long-term local tenants, occupy the property, which was built in 2008.

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1532-Emerson-St-Denver-CO
AcquisitionsColoradoRetailWestern

Pinnacle Brokers Sale of 6,233 SF Commercial Property in Denver

by Amy Works

DENVER — Pinnacle Real Estate Advisors has arranged the sale of a 6,233-square-foot commercial boutique building at 1532 Emerson St. in Denver. The three-story property traded for $1.3 million. According to LoopNet Inc., the property, informally known as The Gargoyle Building, was originally built in 1937. Nick Schill of Pinnacle represented the seller, an entity doing business as FILROSS 1328 LLC, in the transaction. The buyer was not disclosed.

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