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Colorado Springs Commercial Real Estate
Commercial Real Estate News
Dunton Commercial Acquired by Local CRE Pros
Pictured: Nate Melchior, who along with Taylor Fenn and Peter Katz has purchased Dunton Commercial.Dunton Commercial LLC, a Greenwood Village-based commercial real estate company founded in 1904, has been acquired by three local professionals who want to expand the company’s acquisition and property management businesses, and have ended its brokerage division. Taylor Fenn and Peter Katz, owners of Walpin & Co., and Nate Melchior, formerly a senior...
Red Robin Renews HQ Lease at Tuscany Plaza
Greenwood Village-based restaurant company Red Robin International (NYSE: RRGB) renewed its lease at Tuscany Plaza, cementing a corporate headquarters in metro Denver after new reports that the company would lay off an unknown number of people at its corporate office. Red Robin renewed its lease for 65,000 square feet of space in the six-story building at 6312 S. Fiddler’s Green Circle in Greenwood Village, and is planning renovations starting...
Hamilton Zanze Buys Colo. Springs Apts. for $71 Million
San Francisco-based Hamilton Zanze has acquired another Colorado apartment complex, its fifth in Colorado Springs. The company purchased Bella Springs, a 364-unit complex located at 1050 Milano Point in north Colorado Springs, for $71 million from The Praedium Group, a real estate private equity investor based out of New York City. "Bella Springs presented a true value-add opportunity located in a favorable submarket," said David Nelson, managing...
Inland Picks Up 408-Unit Apres Apts. in Latest Denver-Area Investment
Inland Real Estate Acquisitions continued its Colorado buying spree with an apartment purchase in Aurora last month. Inland purchased the 408-unit Apres Apts. at 1503 S. Galena Way for $80 million, according to CoStar research, or $196,078 per unit. At the time of sale, Apres was 95 percent leased. "Well-situated in Aurora, Apres Apts. is located within the desirable Cherry Creek school district and offers residents with quick access to the...
New Co-Working Space Planned for Downtown Westminster
Co-working is making its way to Westminster. The popular form of office space configuration has caught on in trendy Denver areas like River North and downtown, but with the second local outpost of Grid Collaborative Workspaces, the trend will have a firm foothold in an up-and-coming part of the suburbs. Grid will construct a 110,000-square-foot office building at 8910 Fenton St. in an area that was formerly home to the city’s mall but is now...
WeWork Leases 64,149 SF in Downtown Denver's Tabor Center
WeWork, a globally-known collaborative workspace company, signed a five-year lease for 64,149 square feet in the Tabor Center at 1200 17th St. in downtown Denver. The 30-story building totals 571,772 square feet of office space in Denver. Williams Realty & Management developed the property in 1985. Ivanhoe Cambridge, Inc. acquired the property in late 2014, according to CoStar information. WeWork’s lease includes the entire twenty-fifth, twenty...
Hines, Invesco Trade Broomfield Office for $47 Million
Houston-based Hines sold a four-story office building in Broomfield to Invesco Advisers Inc. for $47.1 million. The 186,231-square-foot building at 105 Edgeview Dr. is 100 percent leased, with in-flight entertainment provider Gogo taking up 65 percent of the property. Hines developed the property in 2012 as the first phase of its EOS at Interlocken development. The property is LEED Platinum certified. The Interlocken Business Park is home to...
TH Realty Buys $51 Million Metro Denver Industrial Portfolio
Pictured: 6400 Broadway in Denver.TH Real Estate, an affiliate of Nuveen, the investment arm of financial services firm TIAA, has acquired a metro Denver industrial portfolio for $51 million. The portfolio totals 485,984 square feet in properties at 16600 Table Mountain Pky. in Golden, and 6400 Broadway and the Bryant Street Quad at 2390 - 2500 W. Fourth Ave., both in Denver. All of the properties are 100 percent leased, according to Newmark...
Seagate Buys Arvada Apts. for $46 Million
Seagate Properties last week acquired Park Place Olde Town Apts., a recently completed complex in Arvada, for $46.58 million. The 153-unit property, at 5743 Teller St., is located near Olde Town Arvada, which has undergone redevelopment in recent years as the city prepares for the opening of Regional Transportation District’s G Line. The G Line is an extension of RTD’s light rail service, and was initially expected to open in 2016, but issues...
CoBiz Financial Inks Short-Term Renewal, Expansion at Downtown Denver's Granite Tower
CoBiz Financial has expanded its footprint at the Granite Tower in downtown Denver. The diversified financial services company signed a short-term deal for 18,529 square feet in the 31-story, 561,691-square-foot high-rise. According to CoStar information, the company has been a tenant in the building since 2011. Granite Tower delivered in 1982 at 1099 18th St. in Denver’s central business district. The LEED Gold complex is situated one mile...
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