Commercial

Barclay Group sold lots 2, 3 and 5 of the Harmony Market Place at 1514, 1526 and 1538 E. Harmony Road in Fort Collins, CO, for $10.8 million. ACF Property Management was the buyer. The three retail buildings were delivered in 2000 with a combined GLA of 60,792 square feet. The portfolio includes 23,751 square feet at 1514 E Harmony, 5,858 square feet at 1526 E. Harmony and 31,183 square feet at 1538 E. Harmony. The property was 94 percent leased...

Nexgen Boulder Holdings LLC sold 2870 28th St. in Boulder, CO, to Indigo Development LLC for $7.39 million or $499 per square foot. The 14,820-square-foot retail building was delivered in 2009. Walgreens occupies the property on a 75-year triple-net lease. For more information, please refer to CoStar COMPS #2292038.

Watumull Properties Corp. purchased 15301 E. Mississippi Ave. in Aurora, CO, from M.T.E. Investments Inc. for approximately $3.25 million or $185 per square foot. Built in 1998, the single-story retail building totals 17,548 square feet with 5,444 square feet basement floor area. It is on a 1.24-acre corner pad in a retail shopping center. The tenant, Walgreens, has a 60-year ground lease until June 1, 2058. Vilai Ananda of VSA Capital LLC represented...

William Blount acquired the building at 2600 Center Drive in Milliken, CO, from Hall-Irwin Corp. for $2.8 million, or approximately $153 per square foot. The one-story, 18,222-square-foot industrial building was built in 2005 and is in the Weld County industrial submarket. The buyer and the seller were self-represented. Please refer to CoStar COMPS # 2282452 for more information on this transaction.

Cholla Production LLC acquired Bradford Office Suites at 10390 W. Bradford Road in Littleton, CO, from Herbert and Ruby Maruyama for $1.39 million, or approximately $111 per square foot. The two-story, 12,462-square-foot office building was built in 2002 and is in the southwest Denver submarket. Ross Fellenstein with Commercial West Real Estate represented the sellers, and Ben Gilliam and Jon Treter with Newmark Knight Frederick Ross represented...

This week's People of Note includes the following markets: Houston, National, Orange County, Sacramento and Washington, DC. NATIONAL CBRE President Robert Sulentic To Succeed Retiring CEO Brett White By Randyl Drummer Brett White announced he will retire as chief executive of CBRE Group, Inc. (NYSE:CBG) at the end of the year, capping a remarkable run in which he rose through the ranks from a sales trainee in 1984 to head the largest commercial...

Cole Evans acquired 16 acres on Timberline Road in Fort Collins, CO, from Stephen Maguire for $3.55 million or $220,496 per acre. The parcel is on the northwest corner of Timberline Drive and Drake Road in Larimer County. The new owner plans to build 314 apartment units in 11 buildings. The groundbreaking is expected to begin in September. Ryan Schaefer and Jake Hallauer of Chrisland Commercial Real Estate Inc. represented the seller, while...

A&E Tire Inc. acquired 5355 Harrison St. in Denver, CO, from Beliveau Holdings LLC for $1.33 million, or about $43 per square foot. The one-story, 30,860-square-foot industrial building was constructed in 1977. The buyer has been a tenant in the property for about five years and will continue operating A&E Tire from the location. There were no brokers involved. Please see CoStar COMPS #2293480 for more information on this transaction.

AFC Property Management Inc. purchased the Harmony Safeway Marketplace in Fort Collins, CO, from Barclay Group for $10.8 million or $177 per square foot. The three buildings at 1514-1538 E. Harmony Road total 60,792 square feet. The retail center is anchored by a 48,000-square-foot Safeway, which was not included in the sale. The buildings house multiple retail tenants and at the time of sale was 94 percent occupied. Jan Fincham and Patrick...

New York-based Guardian Life Insurance Co. of America purchased an apartment community in Lakewood, CO, from California-based Carmel Partners Inc. for $39 million, or about $130,000 per unit. The multifamily complex, known as The Bentley Apartments, totals approximately 254,789 square feet and consists of about 22 buildings with 300 units. The building was constructed in 1998 and is on 16.61 acres in Jefferson County. The occupancy was approximately...