Colorado

Wood Partners Opens 260-Unit Alta Green Mountain Multifamily Asset in Colorado

by Amy Works December 12, 2019

LAKEWOOD, COLO. — Wood Partners has opened Alta Green Mountain, an apartment community in Lakewood. Situated on 12.6 acres at 13055 W. Mississippi Court, the 10-building Alta Green Mountain features 260 units in a mix of one-, two- and three-bedroom floor plans, each with a private balcony. The units offer granite countertops, wood-plank flooring, 42-inch kitchen cabinets, stainless steel appliances and in-unit washers/dryers. Community amenities include keyless entry, a double-height fitness space, co-working spaces, community game room and an outdoor kitchen with a dining area. Additionally, the pet-friendly property features a dog walk and on-site dog run.

December 12, 2019

Acquisitions Colorado Multifamily Western

Castle Lanterra Acquires 84-Unit RiDE at RiNo Apartment Complex in Downtown Denver

by Amy Works December 12, 2019

DENVER — New York-based Castle Lanterra Properties has purchased RiDE at RiNo, a newly built, Class A multifamily community located in the River North (RiNo) neighborhood of downtown Denver. McWhinney sold the property for $23 million. Located at 3609 Wynkoop St., RiDE at RiNo features 84 modern suites and large live/work units, ranging in size from 369 square feet to 849 square feet, with loft-style 12- or 18-foot ceilings. Community amenities include a 24-hour fitness center, a rooftop deck with a barbecue area, club and conference rooms, lounge, underground parking, bicycle repair station and a video intercom systems. Terrance Hunt and Shane Ozment of Newmark Knight Frank’s Denver office brokered the transaction.

December 12, 2019

Advenir-Spring-Canyon-Colorado-Springs-CO

Acquisitions Colorado Multifamily Western

NKF Arranges Sale of 292-Unit Apartment Property in Colorado Springs, Colorado

by Amy Works December 11, 2019

COLORADO SPRINGS, COLO. — Newmark Knight Frank (NKF) Multifamily has arranged the sale of Advenir at Spring Canyon, a multifamily asset located at 4510 Spring Canyon Heights in Colorado Springs. Aventura, Fla.-based Advenir LLC sold the asset to an undisclosed buyer. The acquisition price was not released. Kevin McKenna and Saul Levy of NKF provided strategic consulting services for the seller. Mitch Clarfield of NKF’s Multifamily Capital Markets Debt & Structured Finance also assisted on the transaction. Built in 1997, the 19-building, two- and three-story multifamily property features 292 apartments, a resort-style swimming pool with a deck, clubhouse, fitness center, hot tub, business center, dog park, detached garages and carports. Units offer nine-foot ceilings, full-size washers/dryers, private balconies/patios and fireplaces in select units.

December 11, 2019

Acquisitions Colorado Industrial Western

Step Denver Divests of 12,860 SF Industrial Asset in Mile High City for $2.4M

by Amy Works December 10, 2019

DENVER — Step Denver LLC has completed the disposition of an industrial building located at 2600 W. 62nd Ave. in Denver. ATR Holdings LLC acquired the asset for $2.4 million. The property features 12,860 square feet of industrial space. Todd Silverman and Paul Cattin of NAI Shames Makovsky represented the seller, while Chris Ball of Cushman & Wakefield represented the buyer in the deal.

December 10, 2019

Acquisitions Colorado Industrial Western

CBRE Brokers $9.9M Sale of Moncrieff Business Center Industrial Building in Aurora, Colorado

by Amy Works December 9, 2019

AURORA, COLO. — CBRE has arranged the sale of Moncrieff Business Center, an industrial building located in Aurora. San Francisco-based Berkeley Partners sold the property to an investor advised by Zurich Alternative Asset Management for $9.9 million. Located at 14603 E. Moncrieff Place within Denver’s Airport submarket, the 101,406-square-foot building features 22-foot clear heights; an ESFR fire protection system; dock-high and oversized drive-in loading; rail doors serviced by Union Pacific; and fenced outside storage. Constructed in 1982 on 4.23 acres, the property was fully leased at the time of sale. Tyler Carner, Jeremy Ballenger, Jim Bolt and Jessica Osternick of CBRE’s Denver office represented the seller in the deal.

December 9, 2019

Acquisitions Colorado Multifamily Western

CBRE Global Investors Purchases 320-Unit Multifamily Community in Metro Denver

by Amy Works December 6, 2019

WESTMINSTER, COLO. — A fund sponsored by CBRE Global Investors has purchased The Tenzing, a 297,615-square-foot apartment property located in Westminster, approximately 25 minutes north of downtown Denver. Terms of the transaction were not released. Located at 11674 N. Pecos St., The Tenzing features 320 apartments in a mix of one-, two- and three-bedroom floor plans. Community amenities include a fitness center, yoga studio, saltwater pool, outdoor barbecue grills, dog wash station, outdoor dog park, bike repair shop and business center. At the time of sale, the property was 90 percent occupied.

December 6, 2019

North-Central-Logistics-Center-Denver-CO

Colorado Development Industrial Western

SunCap, Colony Industrial to Develop Three-Building Spec Industrial Project in Denver

by Amy Works December 5, 2019

DENVER — SunCap Property Group, in partnership with Colony Industrial, a subsidiary of Colony Capital, has closed on the land for the development of North Central Logistics Center, a speculative industrial project in Denver. Formerly known as Welby Gardens, the three-building speculative development will offer tenants the opportunity to occupy space ranging from 25,000 square feet to 641,000 square feet. Situated on 33 acres, the project will feature two single-loaded buildings with trucks entering in the rear and a central cross-docked facility. All buildings will feature 32-foot clear heights and ample employee parking. Murray & Stafford will manage construction, which is slated to begin by the end of the year with completion scheduled for early spring 2021. Mitch Zatz, Jason White and Carmon Hicks of JLL represented the land sellers in the transaction and will be handling leasing for the development.

December 5, 2019

Acquisitions Colorado Industrial Western

NKF Arranges $15.5M Sale of Industrial Asset in Boulder, Colorado

by Amy Works December 5, 2019

BOULDER, COLO. — Newmark Knight Frank has brokered the sale of an industrial building located at 5360 Sterling Drive in Boulder. Alger Boulder I LLC acquired the property from Ivy 5360 Sterling Property LLC for $15.5 million. The property features 38,263 square feet of industrial space. John Jugl of Newmark Knight Frank Colorado represented the seller in the deal.

December 5, 2019

Acquisitions Colorado Industrial Loans Self-Storage Western

Berkadia Arranges $10.1M in Acquisition Financing for Self-Storage Property in Colorado

by Amy Works December 3, 2019

COLORADO SPRINGS, COLO. — Berkadia has arranged financing on behalf of Las Vegas-based Crystal View Capital for the acquisition of AAA Platte Self Storage, a self-storage facility in Colorado Springs. Located at 4510 Edison Ave., AAA Platte Self Storage is a 308,749-square-foot, 877-unit self-storage and industrial warehouse facility located near Peterson Air Force Base. Cutt Ableson and Johnny King of Berkadia’s Houston office secured the three-year, adjustable-rate loan, which MidCap Financial Services provided.

December 3, 2019

Acquisitions Colorado Office Western

Pinnacle Negotiates Sale of 7,514 SF Office Building in Denver for $2.3M

by Amy Works November 26, 2019

DENVER — Pinnacle Real Estate Advisors has arranged the sale of an office building located at 1666 S. University Blvd. in Denver. An undisclosed seller sold the asset to 1666 S University LLC for $2.3 million. The building features 7,514 square feet of office space. Darrin Revious of Pinnacle Real Estate Advisors represented the buyer in the deal.

November 26, 2019

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