Colorado

Draper Property Management Sells Royal Lani Apartment Community in Colorado Springs for $11.3M

by Amy Works January 12, 2022

COLORADO SPRINGS, COLO. — Draper Property Management has completed the disposition of Royal Lani, a multifamily property in Colorado Springs. California-based Turnstone Capital acquired the asset for $11.3 million. Located at 2010 Carmel Drive, the Royal Lani features two three-story buildings offering a total of 77 two-bedroom apartments, averaging 783 square feet. Since 2015, the property has undergone renovations, including new windows, new gates and roof repair. Saul Levy, Kevin McKenna, Mackenzie Walker and Jessica Graham of CBRE represented the seller in the deal.

January 12, 2022

Acquisitions Colorado Multifamily Western

MG Properties Expands Denver Multifamily Portfolio with $141M Acquisition

by Amy Works January 10, 2022

DENVER — MG Properties has purchased 3300 Tamarac Apartments, a multifamily community located in Denver’s Hampton neighborhood. Gelt sold the asset for $141 million. 3300 Tamarac features 564 apartments within walking distance of a variety of shopping and dining options, as well as parks and recreation opportunities. David Martin and Brian Mooney of Northmarq represented the seller, and Northmarq’s Scott Botsford and Joe Giordani arranged the financing for the buyer.

January 10, 2022

Colorado Development Hospitality Mixed-Use Multifamily Retail Western

Avison Young Brokers Sale of 9.1-Acre Site in Pueblo, Colorado for Mixed-Use Project

by Amy Works January 10, 2022

PUEBLO, COLO. — Avison Young has brokered the sale of 9.1 acres of vacant land located at the southwest quadrant of US Highway 50 and Interstate 25 in Pueblo. 610 RLLLP sold the property to Conifer, Colo.-based BEP Pueblo LLC, an affiliate of Blueline Equity Partners, for an undisclosed price. The buyer plans to develop of the land into a mixed-use project, including residential, hospitality and possibly retail space. Completion is slated for 2023. Rick Egitto of Avison Young’s Denver office represented the seller in the deal.

January 10, 2022

Acquisitions Colorado Industrial Western

Karis Capital, AEW Sell 142,760 SF Industrial Building in Aurora to Westcore for $33M

by Amy Works January 7, 2022

AURORA, COLO. — A joint venture between Karis Capital and AEW has completed the disposition of Park 225, a newly developed industrial property located at 13575 E. 37th Ave. in Aurora. San Diego-based Westcore acquired the asset for $33 million. Totaling 142,760 square feet, the multi-tenant building was 57 percent leased to two tenants at the time of sale. Built in 2020, Park 225 features 32-foot clear heights, cross-dock loading, concrete truck court aprons, an ESFR sprinkler system, interstate visibility, heavy trailer parking and available yard. Will Strong, Kirk Kuller, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group in Phoenix represented the seller in the deal. Cushman & Wakefield’s Matt Tone, Steve Hager, Joey Trinkle, Drew McManus, Ryan Searle and Bryan Fry provided leasing advisory in the deal.

January 7, 2022

Acquisitions Colorado Industrial Western

Realterm Acquires 200,864 SF Last-Mile Warehouse in Metro Denver

by Amy Works January 7, 2022

BROOMFIELD, COLO. — Realterm has purchased a final-mile warehouse facility located at 400 W. 160th Ave. in Broomfield. Terms of the transaction were not released. Built in 2021 on 52.5 acres, the 200,864-square-foot property features a functional office space, ample parking and 32 loading docks in a combination of drive-in doors and dock-high positions. Cushman & Wakefield represented the undisclosed seller and facilitated the sale.

January 7, 2022

Acquisitions Colorado Multifamily Western

Hudson Capital Sells Highland Point Apartments in Aurora to Thayer Manca

by Amy Works January 5, 2022

AURORA, COLO. — Hudson Capital has completed the disposition of Highland Point Apartments, a multifamily community in Aurora, to Seattle-based Thayer Manca for an undisclosed price. Justin Hunt, Andy Hellman, Kevin McKenna, Saul Levy, Katie Fergen and Jessica Graham of CBRE represented the seller in the deal. Situated on 13.6 acres at 16894 E. Arkansas Ave., Highland Point features 319 apartments, an outdoor swimming pool and fitness center.

January 5, 2022

Acquisitions Colorado Multifamily Western

Gelt Acquires Willow Point Townhomes in Denver for $69M

by Amy Works January 4, 2022

DENVER — Gelt has purchased Willow Point Townhomes, a rental community located at 8500 E. Mississippi Ave. in Denver. The property sold for $69 million in an off-market transaction. Built in 2016 on 8.5 acres, the community features 30 two-story residential buildings offering a total of 117 two- and three-bedroom townhome-style units averaging 1,504 square feet. The townhomes feature attached two-car garages, private patios, stainless steel appliances, quartz countertops, full-size washers/dryers and select units with study rooms. On-site amenities include a resort-style pool and spa, dog wash, playground and 274 parking spaces.

January 4, 2022

Acquisitions Colorado Multifamily Western

Berkadia Brokers $24.7M Sale of Eleven13 Apartments in Fort Collins, Colorado

by Amy Works January 4, 2022

FORT COLLINS, COLO. — Berkadia has arranged the sale of and acquisition financing for Eleven13 Apartments, a garden-style multifamily property in Fort Collins. California-based Bridge Partners sold the asset to Colorado-based Trailbreak Partners for $24.7 million. Located at 1113 W. Plum St., Eleven13 Apartments features 107 two- and three-bedroom floor plans with air conditioning and washer and dryer connections. Community amenities include a clubhouse, fitness center, game room, laundry facilities and a picnic area. Nick Steele, John Laratta, Tyler King and Nate Moyer of Berkadia Denver represented the seller in the deal. Brian Huff of Berkadia Denver arranged a $20 million acquisition loan for the buyer. CorAmerica Capital provided the three-year, non-recourse loan, which features a 75 percent loan-to-cost ratio, 3.85 percent interest rate and an interest-only payment schedule.

January 4, 2022

Acquisitions Colorado Retail Western

Blue West Capital Arranges Sale of 42,755 SF Retail Center in Lakewood, Colorado

by Amy Works January 4, 2022

LAKEWOOD, COLO. — Blue West Capital has brokered the sale of a shopping center located at 10750 W. Colfax Ave. in Lakewood. A Colorado-based private real estate company sold the asset to a California-based investor for an undisclosed price. Harbor Freight Tools, JoAnn Fabric and Guitar Center are tenants at the fully occupied, 42,755-square-foot property. Tom Ethington of Blue West Capital represented the seller in the deal.

January 4, 2022

Acquisitions Colorado Healthcare Office Retail Western

DPC Development Co. Sells Retail, Medical Office Property Near Denver for $10.2M

by Amy Works December 23, 2021

WHEAT RIDGE, COLO. — DPC Development Co. has completed the disposition of Wilmore Center, a mixed-use building located at 7615 and 7777 W. 38th Ave. in Wheat Ridge. T-2 Ventures acquired the asset for $10.2 million. Originally built in the early 1980s, Wilmore Center features 52,743 square feet of retail and medical office space. At the time of sale, approximately 93 percent of the property was occupied by a mix of service and medical-oriented businesses. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield’s Denver office represented the seller in the transaction.

December 23, 2021

Newer Posts

Older Posts