Colorado

Peakview Realty Purchases 32,297 SF Shoppes at Parker Commons in Aurora, Colorado

by Amy Works December 5, 2022

AURORA, COLO. — Peakview Realty has acquired Shoppes at Parker Commons, a retail center located at 2701-2787 S. Parker Road in Aurora. Special Servicer LNR Partners LLC sold the asset for $8.2 million, or $255 per square foot. Built in 1987, the 32,297-square-foot property was 92 percent at the time of sale. Tenants include H Mart, H&M Dental, Farmers Insurance, O’Hair Salon, Volcano Tea House, Neo Lashes and Nails, and QQ Massage. Jason Schmidt of JLL Retail Capital Markets Investment Sales and Advisory led the team that represented the seller in the deal.

December 5, 2022

Acquisitions Colorado Multifamily Student Housing Western

Berkadia Negotiates $24.5M Sale of University Lofts Student Housing Property in Denver

by Amy Works December 1, 2022

DENVER — Berkadia has negotiated the sale of University Lofts, a mixed-use student housing community in Denver. Amplify Development Co. sold the property to an undisclosed buyer for $24.5 million. Located at 2372 E. Evans Ave., University Lofts features 36 units totaling 98 beds in a mix of studio, two- and four-bedroom layouts. Community amenities include a newly renovated student lobby, heated underground parking and street-level retail. Kevin Larimer, Brandon Buell, Nick Steele, Tyler King and Nate Moyer of Berkadia represented the seller in the transaction.

December 1, 2022

Colorado Loans Retail Western

JLL Arranges $28.8M Refinancing for Northglenn Marketplace in Colorado

by Amy Works December 1, 2022

NORTHGLENN, COLO. — JLL Capital Markets has arranged the $28.8 million refinancing of Northglenn Marketplace, a regional shopping center located at 421 W 104th Ave. in Northglenn. Eric Tupler and Rob Bova of JLL Capital Markets Debt Advisory secured the five-year, floating-rate loan through HTLF for the borrower, a joint venture managed by Hutensky Capital Partners. Lowe’s Home Improvement Warehouse, JO-ANN Fabrics and Crafts, Ross Dress for Less, PetSmart, Woodley’s, Office Depot, Painted Tree Boutiques, dd’s Discounts, Five Below, K&G Fashion Superstore and Cinzetti’s are tenants at Northglenn Marketplace, which was built in 1999.

December 1, 2022

Acquisitions Colorado Retail Western

Capstone Brokers Sale of Former Sears Site in Lakewood, Colorado

by Amy Works December 1, 2022

LAKEWOOD, COLO. — Capstone Colorado Land Team has brokered the sale of a 7.65-acre lot at 10785 Colfax Ave. in Lakewood. Austin, Texas-based Artesia Real Estate Investors acquired the land parcel for an undisclosed price. The site includes the former Sears department store and a separate outparcel building that previously operated as the Sears Automotive Center. The two unoccupied buildings offer a total of 163,957 square feet of commercial space. Travis Hodge and Anthony Bobay of Capstone represented the undisclosed seller, while Artesia Real Estate Investors was self-represented in the transaction.

December 1, 2022

Colorado Development Office Retail Western

Broe Real Estate Group Begins Second Phase of $200M Cherry Creek North Mixed-Use Development in Denver

by Amy Works November 30, 2022

DENVER — Broe Real Estate Group has unveiled plans for the second phase of its $200 million Cherry Creek North redevelopment project in Denver. 250 Clayton, an eight-story, 175,000-square-foot mixed-use building, will complement 200 Clayton, the company’s eight-story, 76,000-square-foot first phase. Fully preleased, 200 Clayton is on track for delivery in spring 2023. The Beck Group designed 250 Clayton, which will feature retail space and institutional-quality commercial office space with floor plates as large as 27,000 square feet. Construction of the second phase is scheduled to begin in fourth-quarter 2023.

November 30, 2022

Colorado Development Multifamily Western

Origin Investments, Jackson Dearborn Plan $117.9M Apartment Community in Colorado Springs

by Amy Works November 30, 2022

COLORADO SPRINGS, COLO. — Origin Investments and Jackson Dearborn Partners have formed a joint venture to develop Solace at The Ranch, a $117.9 million multifamily community at 7718 E. Woodmen Road in Colorado Springs. Construction is underway for the project, which will feature a three-story, 374-unit, garden-style apartment community and 12 carriage house-style units. The first units are slated for delivery by year-end 2024, with the balance of the units being delivered in phases over a period of several months. The community will consist of 21 residential buildings and a clubhouse. The unit mix will be 52 three-bedroom, 210 two-bedroom and 112 one-bedroom layouts, and the carriage houses will be a mix of two- and three-bedroom floor plans. Additionally, the community will offer 628 parking spaces, including 189 attached and detached garages. The carriage house units will sit atop attached garages. Sub4 Development is serving as general contractor for the project.

November 30, 2022

Acquisitions Colorado Industrial Western

J.P. Morgan Divests of 340,960 SF Industrial Portfolio Near Denver International Airport

by Amy Works November 29, 2022

DENVER — Institutional investors advised by J.P. Morgan Global Alternatives have sold Airport Central Portfolio, a two-building industrial property near Denver International Airport in Denver. Boston-based TA Realty acquired the asset for an undisclosed price. Jeremy Ballenger, Tyler Carner, Jim Bolt and Jessica Ostermick of CBRE National Partners in Denver represented the seller in the deal. Situated on 15 acres at 11777 E. 55th Ave. and 11475 E. 53rd Ave., the 340,960-square-foot asset includes two multi-tenant distribution buildings. The buildings are 93 percent leased to seven diversified tenants. Current unit sizes range from 19,000 square feet to 86,200 square feet with the ability to divide and combine units in the future as tenant demand dictates. The buildings feature clear heights ranging from 24 feet to 26 feet with dock-high and drive-in loading, ESFR/wet sprinklers and rail service by Union Pacific.

November 29, 2022

Acquisitions Colorado Industrial Western

Serfer Land Ventures Sells 48-Acre SiteOne Landscape Supply Industrial Campus in Windsor, Colorado

by Amy Works November 29, 2022

WINDSOR, COLO. — Serfer Land Ventures has completed the disposition of a 48-acre industrial campus located at 6166 Weld County Road 74/Harmony Road in Windsor. IA Windsor LLC bought the asset for $9.8 million. SiteOne Landscape Supply fully occupies the site. In 2019, SiteOne constructed a 12,821-square-foot showroom and 14,922-square-foot warehouse on the site. Jared Goodman, Aki Palmer, Cole VanMeveren, Tyler Murray and Nate Heckel of Cushman & Wakefield represented the buyer and seller in the deal.

November 29, 2022

Colorado Development Multifamily Western

Thompson Thrift Plans Alta25 Multifamily Community in Monument, Colorado

by Amy Works November 28, 2022

MONUMENT, COLO. — Thompson Thrift unveiled plans to develop Alta25, a Class A apartment property in Monument, a suburb of Colorado Springs. The 264-unit community is slated to open in 2025. Located at 16218 Jackson Creek Parkway, Alta25 will comprise eight three-story, garden-style buildings and 96 detached garages. The one-, two- and three-bedroom apartments will average 987 square feet and feature gourmet bar-kitchens with quartz countertops, tile backsplashes, stainless steel appliances, designer fixtures and finishes, Alexa-compatible smart hub to integrate all smart devices, smart thermostats, smart door locks, walk-in closets and full-size washers/dryers. The units will also offer patio, balcony and private yard options. Community amenities will include a clubhouse, swimming pool, 24-hour fitness center, Amazon package hub, storage and work spaces, courtyards, grilling stations, outdoor game area, electronic firepit with seating area, dog park and pet spa with grooming station. Alta25 is adjacent to Monument Marketplace, which features more than 658,000 square feet of retail and restaurant space, and within The Village at Jackson Creek, a mixed-use project currently in development.

November 28, 2022

Acquisitions Colorado Multifamily Seniors Housing Western

CA Ventures Sells 267-Unit Seniors Housing Portfolio in Metro Denver to Harrison Street

by Amy Works November 23, 2022

WESTMINSTER AND ENGLEWOOD, COLO. — CA Ventures has sold its Anthology of Westminster and Anthology of Englewood senior living assets to Harrison Street. “Anthology’s Westminster and Englewood assets have leased incredibly well — particularly having opened their doors at the onset of the COVID-19 pandemic in February 2020,” says Justin Dickinson, president of Anthology Senior Living. “The strong financial performance of each asset despite a volatile global macroeconomic environment and never-before-seen headwinds across the industry is a testament to both our investment strategy and the talent of our team.” The Westminster community totals 137 units nine miles northwest of downtown Denver near a prominent retail corridor and residential neighborhoods. The upscale senior living community includes 107 assisted living units and 30 memory care units. The Englewood community totals 130 units seven miles south of downtown Denver and features unobstructed views of the Rocky Mountains and Cherry Hills Country Club. The property comprises 106 assisted living units and 24 memory care units across seven stories.

November 23, 2022

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