The Pipeline: Commercial real estate deals for 11.30.18

DPC Companies reports the following deal:

DPC Companies and Bridge Investment Group purchased Denver West Business Park, a 20-building, 1.3-million-square-foot campus in Lakewood, for $143.65 million. The companies said they plan to invest $16 million in the property within the next four years. The property is 78 percent occupied. Tim Richey, Mike Winn, Charley Will, Chad Flynn and Jenny Knowlton of CBRE represented the seller. DPC Vice President Justin Lutgen handled things on the buyer’s side.

Newmark Knight Frank reports the following deal:

AvalonBay Communities purchased Ironwood at Red Rocks, a 256-unit apartment complex at 13195 W. Progress Ave. in Littleton, for $75.4 million from developer Embrey Partners. Shane Ozment and Terrance Hunt represented the seller.

Custom Lakewood Multifamily LLC purchased West Line Flats, a 155-unit at 6500 W. 13th Ave. in Lakewood, for $40.25 million from 6500 W 13 Denver LLC. Jeff Hawks, Terrance Hunt, Chris Cowan and Shane Ozment represented the seller. The complex, delivered in 2017, was jointly developed by Inland National Development Company LLC and Momentum Development LLC.

CBRE reports the following deal:

Los Angeles-based Jacobson Co. purchased the 230-unit The Modern apartment complex at 6301 W. Hampden Ave. in Denver for $41.25 million from San Francisco-based Fowler Property Acquisitions. Dan Woodward, David Potarf, Matthew Barnett and Jake Young represented the seller.

Health Connect Properties reports the following deal:

TripleCross LLC purchased the 21,000-square-foot medical/office building at 4348 Woodlands Blvd. in Castle Rock for $6 million from First Equity Investments LLC. Abby Bartolotta, Patricia Wassik and Franz Lehnert represented the seller.

Benchmark Commercial reports the following deal:

Serpentix purchased 36,270 industrial square feet at Park 12 Hundred Tech Center Building 4 at 119th Avenue and Huron Street in Westminster for $5.08 million. Tanner Mason and Jeff Mason represented the buyer.

Lee & Associates reports the following deal:

Flywheel Acoma LLC purchased 66,126 warehouse square feet at 1475 S. Acoma St. in Denver for $4.9 million from Private CRE Fund I LLC. Jeff Hallberg and Brendan Cagney represented the seller. Daniel Close and Murray Platt of CBRE represented the buyer.

Pinnacle Real Estate Advisors reports the following deals:

Edgewater Flats LLC purchased the 28-unit apartment building at 15500 E. 13th Ave. in Aurora for $3.5 million from Heritage House LLC and Third Waltz LLC. Josh Newell and Barton Thompson represented the buyer.

Arvada W 60th LP purchased the 16-unit apartment building at 7635 W. 60th Ave. in Arvada for $2.65 million from Bradley M Peterman. Josh Newell represented both buyer and seller.

1415 Yosemite LLC purchased the 16-unit apartment building at 1415 Yosemite St. in Denver for $2 million from Kendall Street Apartments LLC. Joe Hornstein and Scott Fetter represented the seller.

Adriatic Ventures LLC purchased the nine-unit multifamily property at 1411 and 1429 Pierce St. in Lakewood for $1.34 million from Blue River Ventures LLC. Eric Veith, Joe Hornstein and Scott Fetter represented the seller.

NAI Shames Makovsky reports the following deal:

Choice Screening Inc purchased 13,225 office square feet at 8668 Concord Center Drive in Englewood for $2.2 million from Concord LLC. Trent Rice and Connor Donahue represented the buyer.

NavPoint Real Estate Group reports the following deal:

469 Suite 100 LLC purchased the 7,046-square-foot office building at 8095 E. Prentice Ave. in Greenwood Village for $2 million from 8095 Prentice Ave LLC. Matt Call represented the buyer. Brian Basham and Brandon Basham of Basham Investments LLC represented the seller.

Nexus Commercial Realty reports the following deals:

Ryan Nyberg purchased the four-unit multifamily property at 2501 S. University Blvd. in Denver for $877,800 from UPC DU LLC. Jason Koch represented both buyer and seller.

Khagendra and and Nabina Gurung purchased the four-unit multifamily property at 7899 York St. in Denver for $785,000 from York St Townhomes LLC. Austin Smith represented the seller.

Antonoff & Co. reports the following deals:

SFLP LLC purchased 1174-1176 S. Cherokee St. in Denver for $785,000 from Cherokee Building LLC. Tom Bevans represented the buyer.

KAJ LLC purchased 1.31 acres at North Range Lot 5 in Commerce City for $100,000 from North Range Retail LLC. Jeffrey Hirschfeld and Alec Sowers represented the seller.

Southwestern Property Care purchased 1.04 acres at North Range Lot 4 in Commerce City for $40,000 from North Range Retail LLC. Jeffrey Hirschfeld and Alec Sowers represented the seller.

Envios Jenny’s Market leased 2,250 square feet at 10 S. Havana St., Units 116 and 117, in Aurora. Charles Nusbaum and Alec Sowers represented the landlord and tenant.

Beard Insurance Agency leased 1,220 square feet at the Northridge Retail Center at 12720 N. Colorado Blvd. in Thornton. Charles Nusbaum and Bob Bramble represented the landlord and tenant.

Gruber Commercial Real Estate reports the following deal:

5602 Lowell LLC purchased 10.33 acres at 5602 Lowell Blvd. in Denver for $750,000 from the Calabrese Family. Russell Gruber represented the seller.

Drew Bisping purchased 2,240 industrial square feet at 5145 Clarkson St. in Denver for $550,000 from Blackwater LLC. Russell Gruber represented the seller. Brad Gilpin of Unique Properties represented the buyer. It is the third time Gruber has sold the property.

David, Hicks & Lampert Brokerage reports the following deals:

Chick-fil-A leased 1 acre at Colorado Boulevard and Yale Avenue in Denver. Phil Hicks represented the tenant.

WellHaven PetHealth leased 5,256 retail square feet at 2306-2314 E. 6th Ave. in Denver. Scott Hagan represented the tenant. Dax Gitcho with NAI Shames Makovsky represented the landlord.

American Family Care leased 3,521 retail square feet at the Promenade at Castle Rock. Phil Hicks represented the landlord.

Cuba Cuba Sandwicheria leased 1,811 retail square feet at the Promenade at Castle Rock. Phil Hicks represented the landlord. Andy Buettner with SullivanHayes represented the tenant.

Lucky Nails & Spa leased 1,719 retail square feet at the Centennial Valley Shopping Center in Louisville. Phil Hicks and Andrew Fox represented the landlord. Tony Dinh with Brokers Guild Cherry Creek Ltd represented the tenant.

ENT Credit Union leased 1,500 square feet at Park Meadows Mall in Lone Tree. Phil Hicks and Robin Nicholson represented the tenant.

Avison Young reports the following deal:

Elite DJ Entertainment LLC leased 4,150 retail square feet at 12364 W. Alameda Parkway in Lakewood. Lowrey Burnett represented the tenant.

Stream Realty reports the following deals:

Cornerstone Home Lending leased 3,898 square feet at 5340 S. Quebec St. in Greenwood Village. John Hutto and Patrick Devenny represented the landlord.

Susan Boley, Kendra Dunn, Ching-Yen Godwin and Julie Van Heyningen leased 2,225 square at 26 W. Dry Creek Circle in Littleton. Patrick Devenny, Judson Robertson and John Hutto represented the landlord.

Lincoln Property Company reports the following deal:

ERP Advisors Group leased 2,650 office square feet at Union Tower at 165 S. Union Blvd. in Lakewood. Peter Thomas and Andrew Piepgras represented the landlord.

Deals from county records:

Green Drop Colorado LLP purchased 3215 E. 42nd Ave. in Denver for $3 million from Steele Street Partners LLC.

Drawe Holdings LLC purchase 8120 W. Tufts Ave. in Denver for $3.05 million from Argonaut Holdings LLC.

Sage Properties II LLC purchase 3737 E. 1st Ave. in Denver for $2.1 million from Dobro Investments LLC.

POSTED IN Data, News, The Pipeline

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