Colorado

Tepuy Properties Buys 62,970 SF Warehouse in Broomfield, Colorado

by Amy Works June 1, 2022

BROOMFIELD, COLO. — Tepuy Properties has acquired a warehouse facility, located at 2360 Industrial Lane in Broomfield, for an undisclosed price. The building marks Tepuy’s largest ever capital raise, with a goal of $6.5 million. The company plans to use the money to purchase the building, upgrade it and re-tenant it. Situated on 5.5 acres, the property features 62,970 square feet of warehouse space. The building currently houses two short-term tenants, but Tepuy plans to renovate the building and eventually lease the property to up to six long-term tenants. The name of the seller was not released.

June 1, 2022

Acquisitions Colorado Office Western

Stan Johnson Arranges $3M Sale of Office Building in Arvada, Colorado

by Amy Works May 31, 2022

ARVADA, COLO. — Stan Johnson Co. has facilitated the sale of a Class B office building located at 6850 W. 52nd Ave. in Arvada. A Louisiana-based private investor acquired the property from a Washington-based individual investor for $3 million. Built in 1998 on 2.6 acres, the two-story, 28,492-square-foot property is occupied by multiple tenants, including HomeGuard Services and Venture Financial. At the time of sale, the asset was 91 percent leased. Craig Tomlinson of Stan Johnson Co. represented the buyer in the deal.

May 31, 2022

Acquisitions Colorado Office Western

Macquarie Asset Management Acquires 76,095 SF Office Building in Denver

by Amy Works May 26, 2022

DENVER — Macquarie Asset Management has purchased One DTC West, a boutique Class A office building located at 4949 S. Niagara St. in Denver. The acquisition was made on behalf of a U.S. separate account mandate by Macquarie Asset Management. Terms of the transaction were not released. Completed in 2018, the four-story building features 76,095 square feet of office space. Situated within the Denver Tech Center submarket, the asset is located near Bellevue Station, an area that houses light rail, 70,000 square feet of retail space and two apartment communities.

May 26, 2022

Acquisitions Colorado Multifamily Student Housing Western

FPA Multifamily Sells 136-Bed Student Housing Property in Fort Collins for $25.5M

by Amy Works May 25, 2022

FORT COLLINS, COLO. — San Francisco-based FPA Multifamily has completed the disposition of The Social Fort Collins, a 68-unit student housing community in Fort Collins. A Denver-based private equity group acquired the property for $25.5 million, or $375,000 per unit. Constructed in 2021, the property features 136 beds and is within walking distance to Colorado State University and Canvas Stadium. Bill Morkes and Craig Stack of Colliers represented the seller in the transaction.

May 25, 2022

Colorado Industrial Loans Office Western

Good Investment Partners Receives $27M Acquisition Loan for Boulder Industrial, Office Portfolio

by Amy Works May 23, 2022

BOULDER, COLO. — Good Investment Partners (GIP) has received a $27 million loan for the acquisition of a light industrial and office portfolio comprising six properties in Boulder. The single- and multi-tenant buildings are located at 6797, 6837 and 6899 Winchester Circle and 4695, 4697 and 4699 Nautilus Court. Completed between 1982 and 2001, the portfolio was 87.8-percent leased to 23 tenants at the time of the loan closing. The buildings offer clear heights ranging from 13.6 to 20.5 feet, high office finishes, 21 grade-level doors, 19 dock-high doors and ample parking. GIP plans to enhance the properties, which total 184,462 square feet, serve small- to mid-sized companies in the market. Jason Carlos and William Haass of JLL Capital Markets arranged the floating-rate loan through Argentic Investment Management.

May 23, 2022

Acquisitions Colorado Multifamily Western

Pinnacle Real Estate Brokers $6.6M Sale of Apartment Building in Colorado Springs

by Amy Works May 23, 2022

COLORADO SPRINGS, COLO. — Pinnacle Real Estate Advisors has brokered the sale of Brookside Apartments, an apartment building located at 418-432 E. Brookside St. in Colorado Springs. The asset traded for $6.6 million, or $170,000 per unit. Built in 1955, the building features 39 apartments. Michael Krebsbach and Kenny Clarke of Pinnacle represented the buyer in the deal.

May 23, 2022

Colorado Loans Retail Western

JLL Arranges $54M Loan for Refinancing of Retail Portfolio in Denver, Fort Collins Areas

by Amy Works May 20, 2022

ARVADA, AURORA, DENVER AND FORT COLLINS, COLO. — JLL has arranged a $54 million loan for the refinancing of a four-property, 436,055-square-foot retail portfolio in Denver and Fort Collins. The borrower is Denver-based Gart Properties. Eric Tupler of JLL placed the 10-year, fixed-rate loan with an undisclosed life insurance company. Gart used the proceeds from the nonrecourse loan to retire existing debt and to realize significant value that has been created through the renovation and repositioning of the assets, including strategic leasing and management over several years. The portfolio includes Indian Tree Shopping Center at 7705-7739 Wadsworth Blvd. in Arvada; Saddle Rock Village at 7400 S. Gartrell Road in Aurora; Micro Center Shopping Center at 8800 E. Quincy Ave. in Denver; and Pavilion Shopping Center at 4200-4372 S. College Ave. in Fort Collins. Constructed between 1974 and 2005, the portfolio was 92.5 percent leased at the time of closing. Current tenants include Sprouts Farmers Market, Super Target, Ace Hardware, Anytime Fitness, Christy Sports, Hand & Stone, Michaels, Micro Center, Natural Grocers, Sherwin-Williams and T.J. Maxx.

May 20, 2022

Acquisitions Colorado Industrial Western

Marcus & Millichap Negotiates Sale of 36,300 SF Industrial Building in Denver

by Amy Works May 20, 2022

DENVER — Marcus & Millichap has negotiated the sale of a multi-tenant industrial property located at 1221 E. 56th Ave. in Denver. The sales price was undisclosed. Alyssa Tomback of Marcus & MIlichap’s Denver office represented the seller and buyer, both of which were private investors who requested anonymity, in the transaction. At the time of sale, the 36,300-square-foot property was fully occupied by multiple tenants.

May 20, 2022

Acquisitions Colorado Industrial Western

Roaring Fork Real Estate Sells 31,612 SF Cold Storage Warehouse in Loveland, Colorado

by Amy Works May 18, 2022

LOVELAND, COLO. — Roaring Fork Real Estate has completed the sale of a warehouse cold storage building located at 7311 E. Highway 34 in Loveland. WS Properties Loveland acquired the asset for $6 million. Situated on four acres, the 31,612-square-foot facility features more than 20,000 square feet of cold storage and dry storage. The asset also includes a shipping/receiving area, locker rooms and office space. The buyer plans to convert the single-tenant facility property into a third-party logistics facility. The existing tenant, Canyon Bakehouse, is scheduled to vacate the premises in June. Jared Goodman of Cushman & Wakefield represented the seller in the transaction.

May 18, 2022

Acquisitions Colorado Office Western

Certus Sells 124,500 SF Office Building in Westminster, Colorado

by Amy Works May 17, 2022

WESTMINSTER, COLO. — Certus has completed the sale of Church Ranch Corporate Center, a Class A office property located along the US-30/Denver-Boulder corridor in Westminster. Lotus Co. acquired the building for $25.4 million. Built in 2001 and renovated in 2020, the four-story, multi-tenant asset features 124,500 square feet of office space. At the time of sale, the property was 90 percent leased to 14 tenants. The building is located at 10170 Church Ranch Way. Cushman & Wakefield’s Aaron Johnson, Jon Hendrickson and Mitch Veremeychik represented the seller in the deal. Additionally, Baxter Fain, Rob Cronenberg and Sarah Dinning of Cushman & Wakefield’s Denver Equity, Debt & Structured Finance Group arranged the debt financing for the buyer. A CMBS lender provided the $16.5 million, 10-year, full-term, interest-only loan.

May 17, 2022

Newer Posts

Older Posts

Upcoming Events

Aug
06