GREENWOOD VILLAGE, COLO. — Resolute Investments has completed the sale of Landmark Medical Center, a medical outpatient building and ambulatory surgery center in Greenwood Village, to SG Property Services for an undisclosed price. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Jesse Greshin and Trent Jemmett of CBRE U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Healthcare Leasing to represent the seller in the deal. Located at 5351 S. Rosyln St., the three-story, 33,282-square-foot Landmark Medical Center was fully leased at the time of sale, with AdventHealth as the anchor tenant. The building’s surgical center features two operating rooms with a focus on hand, food and ankle, knees and shoulder surgeries. The surgery center is a joint venture between the physicians and SCA Health, which is owned by Optum, a subsidiary of UnitedHealth Group.
BOULDER, COLO. — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles of Berkadia arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of the area median income. Jonathan Rose Cos. assumed the existing Section 8 Housing Assistance Payment contract, which was set to expire in 2026, and will extend the property’s affordability for an additional 20 years. The asset was originally built in 1971 and was most recently renovated in 2007. The unit mix consists of one- through four-bedroom floor plans. The new owner plans to complete additional renovations at the property, including upgrades to building systems and unit interiors, improvements to the community center and energy-efficiency enhancements aimed at achieving Enterprise Green Communities (EGC) certification. In addition to physical improvements, the firm will also be adding two full-time resident services coordinators. Winn Residential has taken over as property manager.
CENTENNIAL, COLO. — Burgeon Properties Denver LLC has purchased an office building, located on 0.76 acres at 4901 E. Dry Creek Road in Centennial, from Non Paddle LLC for $1.7 million. Built in 1979, the 19,409-square-foot property features private offices, open work areas and suites with kitchens. The building was 80 percent occupied at the time of sale, providing a revenue stream while allowing space for the buyer’s operations. Paul Cattin of Platinum Commercial Real Estate represented the seller in the deal, while the buyer was unrepresented in the transaction.
MOUNTAIN VILLAGE, COLO. — Merrimac Ventures and Fort Partners have broken ground on the $1 billion Four Seasons Resort and Residences Telluride and closed on a construction financing package for the project. Slated for completion in 2028, construction is underway and more than 30 percent of the property’s inventory is already sold. Situated on 4.4 acres in Mountain Village, the project is backed by the successful closing on the land and a $417 million construction loan from J.P. Morgan, with additional financing from CanAm Enterprises. Merrimac and Fort Partners worked with the Town of Mountain Village, Telluride Ski and Golf and TMVOA to secure the land and bring the project to life. The development will feature 26 private residences ranging from two to five bedrooms, 43 hotel residences ranging from one to four bedrooms and 52 hotel guest rooms. Residences will offer floor-to-ceiling windows, terraces and in-home oxygenation systems. Penthouses will offer private terraces and outdoor spa pools. Resort amenities will include ski-in/ski-out access, ski valet and private lockers, a fitness center, spa and recovery center, an indoor lap pool, an outdoor hot tub, underground parking and a private residents’ club. The project team includes Olson Kundig as architect and Clements …
NORTHGLENN, COLO. — Headwaters has begun pre-leasing at Aspendale Northglenn, the owner and developer’s new active adult community in Northglenn. This project marks the second Colorado location for the newly launched Aspendale brand. Headwaters broke ground on the development in April 2024. Scheduled to begin move-ins in early 2026, the community will total 172 apartments across four stories. The property will also feature an 8,800-square-foot clubhouse, which will offer lifestyle programming, wellness spaces and gathering areas.
LAKEWOOD, COLO. — Conshohocken, Pa.-based CenterSquare has acquired North Bear Crossing, a 31,871-square-foot service retail property located in the Denver suburb of Lakewood. The center was 86 percent leased at the time of sale to tenants including Sports Clips, Domino’s Pizza, Kentucky Fried Chicken/A&W, Moe’s Original BBQ and F45 Training. North Bear Crossing marks CenterSquare’s 61st acquisition nationally.
LONE TREE, COLO. — Kaufman Hagan Commercial Real Estate has negotiated the sale of Park Meadows Village, a shopping center in Lone Tree. The asset traded for $3 million, or $392.67 per square foot. Three long-term tenants fully occupy the 7,640-square-foot retail plaza at 9447 Park Meadows Drive. Ryan Floyd and Colby Constantine of Kaufman Hagan handled the transaction. The names of the seller and buyer were not released.
WEST VALLEY CITY, UTAH AND ENGLEWOOD, COLO. — Westcore has completed the disposition of The Raceway Commerce Center in West Valley City and Potomac Park I & II in Englewood to a partnership between Hyde Development and Mortenson Properties for an undisclosed price. Jeff Chiate, Will Strong, Michael Matchett, Phillip Eilers and John Schreck of Cushman & Wakefield, along with Joe Cesta, Tyler Carner and Jeremy Ballenger of CBRE, represented the seller and procured the buyer in the transaction. The properties are part of the National Core Industrial Portfolio, a multi-state portfolio totaling 2.4 million square feet across eight assets in six states. Located at 6057 W. SR-201 Frontage Road and 2234 S. 5900 West in West Valley City, The Raceway Commerce Center offers 397,894 square feet of industrial space with a clear height of 32 feet, expansive truck courts and LED lighting. Located at 7955 and 7901 S. Potomac St. in Englewood, Potomac Park I & II offer 28-foot to 30-foot clear heights, dock-high and drive-in loading and ESFR fire sprinklers.
DENVER — Malman Real Estate has arranged the purchase of a 38,108-square-foot industrial property located at 901-999 Vallejo St. in Denver. 901-999 Vallejo LLC acquired the asset from East Prentice Denver Tech Center for $5.4 million. Taylor Roy and Jeff Geman of Malman represented the buyer in the off-market transaction. The seller was unrepresented.
SAN DIEGO — On behalf of Sunroad Enterprises, JLL Capital Markets has arranged a $1.1 billion venture with Fairfield to capitalize a 15-property multifamily portfolio that spans six states. JLL also arranged $415 million in financing with Freddie Mac for 10 assets. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo Lender. Additionally, $250 million of financing was secured from accounts managed by KKR. The assets, which represent a portion of Sunroad’s overall portfolio, were assembled over a six-year period. Totaling 3,830 units, the portfolio consists of six Class A core assets and nine value-add assets with ongoing renovations underway. The assets have an average vintage of 2011 and are a mix of 65 percent garden-style communities and 35 percent mid-rise communities, with six in Arizona, one in Nevada, three in Colorado, two in North Carolina, two in South Carolina and one in Georgia. Aldon Cole, Roberto Casas, Tim Wright and Bharat Madan of JLL handled the majority of the transactions, while Mark Wintner of JLL handled the Colton Apartments asset in Henderson, Nev.