Colorado

Real Capital Solutions Buys Medtronic Lafayette Campus in Colorado for $188M

by Amy Works August 25, 2023

LAFAYETTE, COLO. — Real Capital Solutions has acquired Medtronic Lafayette Campus from Ryan Cos. for $188 million. The acquisition consists of two five-story life sciences office buildings located at 200 and 250 Medtronic Drive in Lafayette, approximately 20 miles north of Denver. Completed earlier this year, the 42-acre, 404,159-square-foot property is Medtronic’s second largest U.S. campus, which will eventually house about 1,200 employees. As sole tenant of the property, the medical device company has a guaranteed, 20-year, triple-net lease.

August 25, 2023

Acquisitions Colorado Industrial Western

Malman Commercial Brokers $1.6M Purchase of Industrial Building in Englewood, Colorado

by Amy Works August 23, 2023

ENGLEWOOD, COLO. — Malman Commercial Real Estate has arranged the acquisition of an 8,050-square-foot industrial building located at 2703 S. Shoshone St. in Englewood, just south of Denver. AMAC Holdings Ltd. purchased the asset from LTW Properties LLC for $1.6 million. Jake Malman of Malman Commercial represented the buyer, while Tim Shay and TJ Smith of Colliers represented the seller in the transaction.

August 23, 2023

Dove-Valley-Business-Center-Englewood-CO

Acquisitions Colorado Industrial Western

Westcore Sells Dove Valley Business Center in Englewood, Colorado for $29.7M

by Amy Works August 16, 2023

ENGLEWOOD, COLO. — Westcore has completed the disposition of Dove Valley Business Center, a warehouse distribution center located at 14101 E. Otero Ave. in the Denver suburb of Englewood. An undisclosed private investor acquired the asset for $29.7 million. Built in 2018, Dove Valley Busines Center features 149,776 square feet of Class A industrial space with 28-foot clear heights, ESFR sprinklers, dock-high and drive-in loading, a large truck court and outdoor storage. At the time of sale, the facility was fully leased to five tenants. Jeremy Ballenger, Jim Bolt, Tyler Carner and Jessica Ostermick of CBRE National Partners in Denver represented the seller, while MidPacific Asset Advisors represented the buyer in the transaction. Tyler Reed, Dominic DiOrio and Peter Beugg of Stream Realty Partners handled leasing for the property.

August 16, 2023

Acquisitions Colorado Industrial Western

City Lights Church Buys Commercial Building in Greeley, Colorado for $5.5M

by Amy Works August 15, 2023

GREELEY, COLO. — Cushman & Wakefield has arranged the sale of a freestanding flex commercial property, located at 7251 W. 4th St. in Greeley. City Lights Church acquired the property from Ashton Greeley Property LLC for $5.5 million. Originally built in 1985 and since renovated, the 48,044-square-foot building was vacant at the time of sale. The property is situated on more than 4.6 acres. Jason Ells of Cushman & Wakefield represented the seller, while Erick Backlund of Kairos Real Estate represented the buyer in the deal.

August 15, 2023

Acquisitions Colorado Multifamily Western

Hosler Holdings Sells 28-Unit Apartment Building in Aurora, Colorado

by Amy Works August 15, 2023

AURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a residential property located at 15500 E. 13th Ave. in Aurora. Hosler Holdings sold the asset for $4 million, or $144,643 per unit. Built in 1972, the 30,132-square-foot property features 28 units. Barton Thompson of Pinnacle Real Estate Advisors represented the seller in the deal. The buyer was not disclosed.

August 15, 2023

Acquisitions Colorado Multifamily Western

Draper and Kramer Acquires 203-Unit The Wright Multifamily Community in Centennial, Colorado

by Amy Works August 14, 2023

CENTENNIAL, COLO. — Draper and Kramer Inc. has purchased The Wright, an apartment community at 6465 S. Xanadu Way in Centennial, a suburb of Denver. Terms of the transaction were not released. Completed in early 2023, The Wright features seven three-story residential buildings offering a mix of 132 one-bedroom units, 65 two-bedroom units and six three-bedroom units. Residences ranges from 675 square feet to 1,351 square feet, with rents starting at $1,769 per month. The units feature plank-style flooring, stainless steel appliances, quartz countertops, private patios or balconies, walk-in closets and in-unit washers/dryers. Community amenities include a clubhouse with communal kitchen, dining area and hospitality bar; fitness center with state-of-the-art equipment and a private studio for on-demand spin classes and training; private game room; business center; and conference room. Outdoor amenities include a resort-style pool and spa, outdoor kitchen, dining area, grilling stations, a fire pit lounge, basketball court and playground. The pet-friendly property also features a pet washroom and dog park. Mission Rock manages the community.

August 14, 2023

Acquisitions Colorado Multifamily Western

NorthPeak Commercial Negotiates $6.2M Sale of Apartment Building in Denver

by Amy Works August 14, 2023

DENVER — NorthPeak Commercial Advisors has arranged the sale of a residential property located at 1115 Logan St. in Denver’s Capitol Hill neighborhood. The property traded for $6.2 million, or $221,428 per unit. Situated in the Capitol Hill neighborhood, the 14,415-square-foot property features 28 multifamily units. Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the undisclosed seller, while Justin Brockman and Chris Student of The Brockman Group represented the buyer in the deal.

August 14, 2023

Acquisitions Colorado Industrial Western

Malman Brokers $5.2M Acquisition of Industrial Building in Lakewood, Colorado

by Amy Works August 14, 2023

LAKEWOOD, COLO. — Malman Construction Real Estate has arranged the purchase of an industrial property located at 1250 Simms St. in Lakewood. Double O Enterprises LLC sold the building to 1250 Simms LCC for $5.2 million. Jake Malman of Malman Construction Real Estate represented the buyer, while Max Marcum and Scott Marcum of Marcum Commercial Advisors represented the seller in the deal.

August 14, 2023

Acquisitions Colorado Mixed-Use Western

Rouler Advisors Buys 108,897 SF Westgate Centre Mixed-Use Property in Lakewood, Colorado

by Amy Works August 11, 2023

LAKEWOOD, COLO. — Rouler Advisors, through an affiliate, has purchased Westgate Centre, a mixed-use property in Lakewood. Avatar Westgate LP, a special purpose company that originally acquired the asset in late 2014, sold the property for an undisclosed price. Located at 3225-3265 S. Wadsworth Blvd., Westgate Centre features 108,897 square feet of mixed-use space. Rouler Advisors also controls the Mission Trace Center, a retail and office asset adjacent to Westgate Centre. The combined properties offer more than 16 acres of commercial property totaling 275,000 square feet along Wadsworth Boulevard. Rouler plans to implement several upgrades, including a new parking lot, landscaping, lighting and other improvements, at the new property.

August 11, 2023

Acquisitions Colorado Retail Western

Evergreen Devco Sells 8.5-Acre Retail Development Project in Colorado Springs

by Amy Works August 11, 2023

COLORADO SPRINGS, COLO. — Evergreen Devco has completed the disposition of six retail parcels located on the northeast corner of Centennial Boulevard and Filmore Street in Colorado Springs. The 8.5-arce retail development at West Mesa Commons is part of Evergreen Devco’s 51-acre mixed-use project. The development includes the 317-unit Outlook West Mesa apartment community developed by Evergreen, a 6.6-acre parcel sold to Lokal Communities for the development of 105 townhomes at The Vistas at West Mesa, and collaboration with the City of Colorado Springs’ parks department for the remaining 21.7 acres within the West Mesa corridor, called West Mesa Commons. Evergreen sold the last retail parcel, which a 2,213-square-foot Starbucks Coffee occupies, in May for an undisclosed price. Other already open retailers at the center are a 5,606-square-foot Super Star Car Wash and a 5,533-square-foot Circle K. California-based Pacific Dental Service will commence construction of a location this fall, while Popeyes Louisiana Kitchen and Les Schwab Tire Centers both plan to start construction before year’s end.

August 11, 2023

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