Colorado

Flywheel Buys 63,335 SF Infill Office Property in Central Denver

by Amy Works September 8, 2022

DENVER — Denver-based Flywheel Acquisitions has purchased an infill office building on nearly 2.3 acres in Denver. 4100 Investors LLC sold the asset for $14.7 million. A single tenant occupies the full, three-story property. Aaron Johnson, Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction. Located at 4100 E. Arkansas, the 63,335-square-foot asset is surrounded by walkable restaurant and retail amenities. Additionally, the property offers a fitness center in the building.

September 8, 2022

Acquisitions Colorado Retail Western

Blue West Capital Arranges $5.3M Sale of Used Car Lot in Lakewood, Colorado

by Amy Works September 6, 2022

LAKEWOOD, COLO. — Blue West Capital has negotiated the sale of a 1.6-acre redevelopment site at 5991 W. Colfax Ave. in Lakewood. An undisclosed national development acquired the property from a used car dealer for $5.3 million. Located three miles west of downtown Denver, the site was previously used as a used car dealership for 18 years. The seller discontinued operations and vacated the property prior to closing. Brandon Gayeski of Blue West Capital represented the seller, while Carly Kelly (Gallagher) of Blue West Capital, represented the buyer in the deal.

September 6, 2022

Colorado Development Multifamily Seniors Housing Western

OZ Architecture Completes Design of The Reserve at Lone Tree Seniors Housing Community in Colorado

by Jeff Shaw September 2, 2022

LONE TREE, COLO. — OZ Architecture has completed the design of The Reserve at Lone Tree, a seniors housing community located within the RidgeGate master-planned community in Lone Tree. Experience Senior Living Development (ESLD), a NexCore company, is a partner on the project. The community will offer 124 independent living units in a nine-story building alongside 60 assisted living and 24 memory care units in an attached five-story building. The project is scheduled break ground in fourth-quarter 2022, with anticipated completion in 2024. Independent living units will be up to 1,930 square feet, while assisted living apartments will range between 430 and 1,100 square feet. RidgeGate spans 3,500 acres southeast of Denver and includes the RidgeGate Parkway Regional Transportation District (RTD) station, as well as more than 1,000 acres of parks to support an active lifestyle.

September 2, 2022

Colorado Development Life Sciences Top Stories Western

PMB, Montgomery Street Partners Plan $280M Coal Creek Innovation Park Life Sciences Development in Superior, Colorado

by Jeff Shaw September 2, 2022

SUPERIOR, COLO. — PMB, in partnership with Montgomery Street Partners, has unveiled plans for Coal Creek Innovation Park, a $280 million speculative life sciences development in downtown Superior. Totaling 365,000 square feet between Denver and Boulder, the park will be the first speculative purpose-built life sciences project in Boulder County, according to the developers. Initial plans for the project include three office/lab buildings ranging in size from 85,000 square feet to 150,000 square feet, and a fourth building with ground-floor retail space, amenities and structured parking. The buildings will offer 16-foot floor-to-floor heights and flexible infrastructure to accommodate office, lab and R&D uses. Shared lab services, including RODI (reverse osmosis deionized) water, dedicated laboratory water, compressed air, glass wash and a lab waste system, will be available to all tenants. Additionally, the project will have a gym with showers, bike rooms and shared conference facilities. “Life sciences companies are looking to the Boulder/Denver region as a place where they can plant their flag or grow their operations,” says Erik Abrahamson, senior vice president at CBRE. “They are attracted to Colorado’s highly educated and skilled workforce and ecosystem of educational and research institutions. While historically it has been difficult to find available lab space in Boulder County, projects like …

September 2, 2022

Acquisitions Colorado Office Western

NorthPeak Brokers Sale of 19,323 SF Office Building in Fort Collins, Colorado

by Amy Works August 31, 2022

FORT COLLINS, COLO. — NorthPeak Commercial Advisors has arranged the sale of an office building located at 3555 Stanford Road in Fort Collins. The property traded for $3.3 million, or $171 per square foot. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the undisclosed seller in the deal. The name of the buyer was not released. The 19,323-square-foot building features 13 office suites.

August 31, 2022

Acquisitions Colorado Office Retail Western

Kairos Investment, Harbor Associates Buy 91,027 SF The George Office Building in Denver

by Amy Works August 30, 2022

DENVER — A joint venture between Rancho Santa Margarita, Calif.-based Kairos Investment Management Co. and Harbor Associates has purchased The George, an office and retail property located at 820 16th St. in Denver. Terms of the transaction were not released. Constructed in 1906 and renovated in 2020, The George is an eight-story, 91,027-square-foot office building with ground-floor retail space. The asset recently received property improvements, including new conference areas, a new lounge, updated HVAC and bicycle storage.

August 30, 2022

Acquisitions Colorado Industrial Western

Unique Properties Negotiates $4.8M Acquisition of Flex Property in Parker, Colorado

by Amy Works August 29, 2022

PARKER, COLO. — Unique Properties/TCN Worldwide has arranged the purchase of a flex property located at 10120 Twenty Mile Road in Parker. A California-based buyer acquired the asset from a local owner/developer for $4.8 million, or $365 per square foot. Brett MacDougall and Michael DeSantis of Unique Properties/TCN Worldwide represented the buyer in the deal. The approximately 1,315-square-foot building is fully occupied by two long-term tenants on triple-net leases.

August 29, 2022

Acquisitions Colorado Hospitality Western

Stockdale Capital Partners Buys 100-Room The Source Hotel in Denver for $61.9M

by Amy Works August 25, 2022

DENVER — Stockdale Capital Partners has acquired The Source, a hotel located in Denver’s River North Arts District, for $61.9 million. The transaction also included a 300-stall parking garage and 17,000-square-foot surface parking lot. The Source features 100 guest rooms, a full-service rooftop restaurant, 5,575 square feet of event space, a fitness center, rooftop pool and business center. Additionally, the hotel offers 44,000 square feet of onsite restaurant and retail space in its Market Hall I & II locations. Stockdale Capital plans to refresh guest rooms, re-imagine the rooftop restaurant, “activate the hotel lobby experience” and create additional revenue drivers for the hotel’s retail space. The name of the seller was not released.

August 25, 2022

Colorado Loans Multifamily Western

Mesa West Capital Provides $139.9M Loan for Acquisition, Repositioning of Terracina Apartments Near Denver

by Amy Works August 24, 2022

BROOMFIELD, COLO. — Mesa West Capital has provided Sares Regis Group with $139.9 million in first mortgage debt for its acquisition and repositioning of Terracina Apartments, located at 13620 Via Varra Road in Broomfield. Built in 2010, the 16.5-acre community features 386 apartments in a mix of one- and two-bedroom apartments spread across four four-story residential buildings. On-site amenities include a pool and hot tub, clubhouse, fitness center, coworking lounge, dog park, pet wash, fire pit and grilling area, and outdoor games area. At the time of sale, the property was 95.1 percent leased. Brian Torp of Jones Lang LaSalle arranged the financing. A portion of the loan proceeds will help fund the borrower’s capital improvement plan that will feature upgrades to unit interiors, as well as the renovation of the community’s common areas. The floating-rate loan features a five-year term.

August 24, 2022

Acquisitions Colorado Industrial Western

IG Logistics, Meadow Partners Acquire 26.7-Acre Industrial Site in Central Denver

by Amy Works August 23, 2022

DENVER, COLO. — New York-based IG Logistics LLC and Meadow Partners have purchased a 26.7-acre industrial storage yard/trailer site in central Denver for $19 million. Located at 409 W. 66th Ave., the vacant property is zoned for outside storage and includes a 10,000-square-foot freestanding industrial building with 6,500 square feet of office space, two drive-thru service bays and 14-foot clear heights. IG Logistics, Imperium Capital’s industrial platform, is an owner-operator of industrial properties that have a large outdoor storage or transportation component. The company specializes in acquiring and developing infill assets in high-barrier-to-entry urban growth markets where demand for logistics real estate is driven by e-commerce. The company’s strategy focuses on last-mile facilities that are mission critical to the supply chain. The buyers have retained Matt Trone and Joey Trinkle of Cushman & Wakefield to lead marketing efforts for the asset. The property can accommodate a single user or multiple.

August 23, 2022

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