The real estate market continues to thrive as several notable transactions took place recently, showcasing a diverse range of properties across multiple sectors.
Four Peaks Management has made a substantial investment by acquiring a 297-unit apartment complex built in 2014 located at 11775 Wadsworth Blvd. This property was purchased for $85 million from Hamilton Zanze. With 283,175 rentable square feet, the complex generates over $6 million in yearly rental income, indicating a strong investment for Four Peaks. The transaction was brokered by David Potarf, Dan Woodward, Matt Barnett, and Jake Young of Walker & Dunlop.
In another significant deal, Kayne Anderson purchased two medical outpatient buildings totaling 153,858 square feet located at 630 and 640 Plaza Drive in Highlands Ranch for $41 million. This transaction was from a joint venture between Harbert Management Corporation and Bancroft Capital, with Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jesse Greshin, Dann Burke, Stephani Gaskins, and Anna Schornstein of CBRE representing the seller.
Additionally, Native American Bank N.A. acquired a 0.55-acre site at 341-351 Broadway, previously used as an Enterprise Rent a Car site, for $3.975 million from Taylor Eleventh LLC. The buyer was represented by Jim Tyler and Bobby Bolyard, while Marcus & Millichap represented the seller.
CenterSquare reports the purchase of the Shops at Riverbend, a fully leased retail property encompassing 16,069 square feet, located at the intersection of Santa Fe Drive and Prince Street in Littleton. The property was acquired for $6.35 million from DG Riverbend LLC and JC Riverbend LLC.
Unique Properties has also reported a deal where Dartmouth JUL LLC purchased a 15,065-square-foot industrial building at 1630 W. Dartmouth Ave. in Englewood for $3 million from Sun Partners LLC. Marc Lippitt and Justin Herman represented the buyer, while Mark Pyms of Panorama Commercial Group represented the seller.
In another noteworthy transaction, 510 Columbine Holdings LLC purchased a property located at 5101 Columbine St. in Denver for $2.25 million from Colorado Property Associates LLC. This deal featured representation by Sam Leger, Jack Gitlin, and Graham Trotter for the seller.
Sharpest Investments LLC completed the acquisition of a 1,772-square-foot building at 1995 W. Iliff Ave. in Englewood for $600,000 from Houston Clay Brooks. The seller was represented by Greg Knott and Earl Duffy, while Mike Desantis represented the buyer.
Kaufman Hagan has also made headlines with two transactions. The first involves 5325 W 4th LLC, which purchased a 14-unit apartment building located at 5325 & 5335 W. 4th Ave. in Lakewood for $2.1 million from Boncho Legacy Trust, represented by Ryan Floyd and Colby Constantine for the seller, while Andrew Vollert represented the buyer.
The second Kaufman Hagan deal involved AEB TOM LLC, who purchased a seven-unit apartment building at 3851 Otis St. in Wheat Ridge for $1.47 million from VTL Properties LLC, with Colby Constantine representing both the seller and the buyer.
Pinnacle Real Estate Advisors reported that Monarch LLC acquired two six-unit apartment buildings located at 497 W. Powers Ave. and 5570 S. Elati St. in Littleton for $1.75 million from Avenir Properties LLC. Josh Newell represented the seller while Chris Knowlton represented the buyer in this transaction.
BRD Commercial Group completed its own deal with Hilldale Holdings LLC purchasing a 7,484-square-foot retail building at 5155-5161 W. 80th Ave. in Westminster for $1.63 million from JJJJ LLC. Brandon Paxton represented the buyer.
Cherry Creek Commercial is in the spotlight as Anil Idnani, principal with Almond Tree Senior Living, purchased 7021 South Ash Circle in Centennial for $775,000 from Ramp Properties LLC. This acquisition will lead to the establishment of a 10-bed residential assisted living facility at the location, represented by Michael J. Martin for the seller.
Meanwhile, Lincoln Property Co. has reported several lease agreements, including WSP USA Inc, which leased 15,000 square feet at 2000 S. Colorado Blvd. in Denver, alongside Senior Solutions Marketing Group leasing 10,708 square feet at 5775 DTC Blvd. in Greenwood Village. CIRI Development also secured a lease for 4,873 square feet at 9155 E. Nichols Ave. in Centennial.
Additionally, James D Brownlie leased 1,539 square feet at 475 17th St. in Denver, alongside Twin Bridges leasing 979 square feet at the same address. Andrew Piepgras, Peter Thomas, and Scott Caldwell were key representatives for the landlord in these transactions.
Antonoff & Co. Brokerage Inc. highlighted its activity with two leases: 3 AM SNACKS secured 6,601 square feet at 525 N. Sable Blvd. in Aurora and Kabul Auto Body Shop LLC leased 2,430 square feet at 60 S. Havana St. in Aurora; both transactions represented by Charles Nusbaum for the landlord.
Finally, Malman Commercial Real Estate secured leases for Vinny and Marie’s Italian Street Food LLC, which leased 1,100 square feet at Fairlanes Shopping Center, and Convict Coffee Company LLC acquiring 810 square feet at 1135 E. Evans Ave. These transactions were represented respectively by Dan Prevedel and Michael J. Martin and Jeff Milligan for the tenants.
The real estate landscape remains dynamic and competitive with these recent transactions, signifying a robust market across residential, retail, and commercial sectors.
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