Page 20AA —
COLORADO REAL ESTATE JOURNAL
— December 3-December 16, 2014
Arapahoe County
Property Location
: Cornerstone Shop-
ping Center
1) 15405 E. Briarwood Cir.: 45,061-sf retail
center, YOC 2008
2) 15400 E. Briarwood Cir.: 71,838-sf retail
center, YOC 2008
3) 15500 E. Briarwood Cir.: 6,057-sf retail
center, YOC 2009
4) 6755 S. CornerstoneWay: 17,238-sf retail
center, YOC 2008
5) 6770 S. CornerstoneWay: 13,052-sf retail
center, YOC 2008
6) 15600 E. Briarwood Cir.: 72,659-sf retail
center, YOC 2008-2011
7) 15800 E. Briarwood Cir.: 46,965-sf retail
center, YOC 2008
8) 15900 E. Briarwood Cir.: 89,970-sf retail
center, YOC 2008
9) 6730 S. CornerstoneWay: 17,288-sf retail
center, YOC 2008
10) 6795 S. Cornerstone Way: 13,581-sf
retail center, YOC 2008
Property Type/Description
: 430,000-sf
regional shopping center, YOC 2008-2011
Land Area
: 54.06 acres
Sales Price
: $124M, or $288.37 psf
Closing Date
: 10/14
Grantor
: ColeMTAurora (Briarwood) CO
LLC c/o American Realty Capital Proper-
ties, (Daniel T. Haug, Officer)
Grantee
: BRE DDR BR Cornerstone Co
LLC c/o Blackstone, Eric Staley, VP
Financing
: $800M blanket loan payable
to Wells Fargo N.A. and Citigroup Global
Markets Realty Group
Comments
: Press release shows 430,000
sf while county shows slightly less. Land
size was derived from file plats. This prop-
erty sold in January for $116.5M.
Property Location
: 21904 & 22159 E.
Ontario Dr., Aurora
Property Description
: 312-unit, 16-build-
ing apt. complex plus 4,500-sf clubhouse/
leasingoffice,YOC2001;292-unit,14-build-
ing complex plus 5,251-sf clubhouse/leas-
ing office, YOC 2002; total of 604 units
with 30 buildings, totaling 524,746 sf gross
apartment area plus attached garages.
Land Size
: 33.97 acres
Sales Price
: $99.88M, or $165,356 per unit,
or $190.33 psf
Closing Date
: 10/31
Grantor
: Bascom Greenbriar Investors
LLC (Jerry Fink, mgr.) 26 Corporate Park,
Irvine, Calif., 92606, 949-955-0888, Ext. 11
Grantee
: Bel Greenbriar LLC c/o Eaton
Vance Management, Two International
Place, Boston (Thomas E. Faust Jr., CEO,
617-482-8260)
Comments
: Both properties sold in 2006
for a combined total of $31.75M for the
292 units and $34.65M for the 312 units, or
a weighted average of $109,934 per unit.
This reflects a total growth in value of
50.41%, or an annual growth of 5.2% per
annum.
Property Location
: 5101 S. Rio Grande,
Littleton, “Alexan Downtown Apts.”
Property Description
: 350-unit, 9-build-
ing apt. complex, 340,752 sf, YOC 2008
Land Size
: 12.9 acres
Sales Price
: $77M, or $220,000 per unit, or
$225.97 psf
Closing Date
: 11/7
Grantor
: Spus6 Littleton LP c/o CBRE
Strategic Partners U.S. Value 6 (Ming Lee)
Grantee
: RHI 1 5151 Downtown Littleton
LLC c/o Richmark Holding Inc.
Comments
: Property listed and sold by
CBRE apartment team.
Property Location
: 6857 Homestead
Pkwy., Centennial, “Villas @ Homestead”
Property Description
: 312-unit, 13-build-
ing apt. complex, 305,940 sf, YOC 1993
Land Size
: 12.78 acres (plus 1.49 acres of
flood plain land)
Sales Price
: $56.75M, or $181,891 per unit,
or $185.50 psf
Closing Date
: 10/28
Grantor
: Villas Homestead Denver LLC
c/o DiNapoli Capital Partners (F. Mat-
thew DiNapoli, authorized secretary)
Grantee
: KWFund V-Villas at Homestead
LLC, 9701 Wilshire Blvd., Ste. 700, Beverly
Hills, CA 90212, Phillip Winter, VP
Financing
: Assumption of unpaid loan
balance of $33.03M @ 4.31% with pay-
ments of $163,645 per month commencing
12/1/14, maturing 11/1/21; payable to
KennedyWilson Real Estate Fund V, LP, et
al., as per deed of trust.
Comments
: Property listed and sold
by ARA Denver’s Jeff Hawks, Doug
Andrews, Terrance Hunt, Shane Ozment
and Anna Stevens, 303-260-4400. Expens-
es average $4,438 w/o reserves. Average
market rent is $1.32 per sf with average
size at 981. Additional 1.49 acres is in the
flood plain and may be used for detention
pond.
Property Location
: 7400 E. Orchard Ave.,
Greenwood Village, “Solarium”
Property Description
: 169,369-sf, 4-story
office building, YOC 1982 and 119,934
sf parking structure, concrete reinforced,
YOC 1982
Land Size
: 6.72 acres
Sales Price
: $23.4M, or $136.69 psf
Closing Date
: 11/3
Grantor
: LEI Solarium Denver LLC c/o
Lowe Entprs. Investment Mgmt. (Alon
Kraft)
Grantee
: CPVF II Solarium LLC c/o
CapRidge Partners, 823 Congress Ave.,
Ste. 1111, Austin, TX 78701 (Kevin Black,
pres.) 512-536-1111
Land-to-Building Ratio
: 1.71: 1
Financing
: $21Mpayable toACRC Lender
LLC c/o Ares Commercial Real Estate
Comments
: Arapahoe County shows
184,293-sf gross building area. Rental rates
are quoted at $20 to $24 per sf full-service.
3.5:1 structured parking at $50 per month.
Property is currently listed for lease by
Stream Realty, 12,000 sf available with
expense stop base year 2014 at $8.69 per sf.
Property was sold by Mike Winn and Tim
Richey of CBRE.
Property Location
: 5001 S. Broadway,
Englewood
Property Description
: 43,525-sf strip cen-
ter (includes 27,000-sf Sprouts store, 8,100-
sfAdvancedAuto Zone and 8,425-sf 4-ten-
ant retail building), YOC 2014
Land Size
: 2.96 acres
Sales Price
: $17.2M, or $395.18 psf
Land-to-Building Ratio
: 2.96: 1
Closing Date
: 10/23
Grantor
: Broadbell LLC, c/o Cadence
Capital Group, Greg Ham, VP)
Grantee
: Den Retail 1 LLC c/o Zurich
AlternativeAsset Management LLC, NYC
Comments
: Sprouts opened in July of this
year. Advanced Auto is on separate parcel
north of Spouts, containing 1.1 acres.
Property Location
: 12484 E. Weaver Place,
Centennial, “GSA” Building
Property Description
: 41,979-sf, 3-story
office building, concrete/glass const., YOC
2008
Land Size
: 3.92 acres
Sales Price
: $13.82M, or $329.21 psf
Closing Date
: 11/3
Grantor
: Scannell Properties #44 LLC,
(James C. Carlino, mgr.) 800 E. 96th St., Ste.
175, Indianapolis, IN 46240, 317-843-5959
Grantee
: Centennial Bay LLC, 12100
Wilshire Blvd., Ste. 1400, Los Angeles, CA
90025
Land-to-Building Ratio
: 4.07:1
Financing
: Assume $9.75M loan payable
to American National Insurance Compa-
ny @ 5.5%, due 6-17.
Comments
: Lease was made with U.S.
government July 5, 2011. Property is locat-
ed on southwest corner of East Weaver
Place and South Revere Parkway. Denver
office of seller is 317-218-1666.
Property Location
: 6901 S. Havana St.,
Centennial
Property Description
: 136,954-sf, 3-story
office building, YOC 1989
Land Size
: 18.31 acres
Sales Price
: $9.1M, or $65.65 psf
Land-to-Building Ratio
: 5.82: 1
Closing Date
: 11/7
Grantor
: TRT NOIP South Englewood
LLC c/o Dividend Capital, Andrea Karp,
SVP
Grantee
: 6901–Centennial Owner LLC
c/o Encore Entprs., 214-259-7000
Comments
: Listing brokers are Dan
Grooters and Riki Hashimoto of New-
mark Grubb Knight Frank. The building
was 100% vacant at time of sale. The
building has several features such as a 500-
kW backup generator, redundant cool-
ing systems, and direct/indirect florescent
fixtures.
Property Location
: SEC S. Havana St. &E.
Easter Ave., Centennial
Property Description
: Vacant land
Land Size
: 57.67 acres
Sales Price
: $8.22M, or $3.27 psf
Land-to-Building Ratio
: 3.89:1
Closing Date
: 10/23
Grantor
: VH Dry Creek Sub LLC c/o
Equity Office, Danny Kuo, VP
Grantee
: Dry Creek Venture LLC c/o
United Properties LLC, 1331 17th St., Ste
604, Denver 80202, 720-896-5870 (Kevin
Kelley, VP)
Comments
: Property was sold by David
Lee, Jason Addlesperger and Mike Wafer
ofNewmarkGrubbKnight Frank. Principal
Real Estate Investors will be the joint-ven-
ture partner for the grantee. Site is fully enti-
tled and buyer will commence construction
of an 182,000-sf multitenant office building
in spring 2015. The total build-out will be
approximately 650,000 sf and is situated
near the Dry Creek light-rail station. 2075-
26-3-13-001 (35.05 acres); 2075-26-3-24-001
(8.04 acres); 2075-26-3-25-002 (5.88 acres);
2075-26-3-20-003 (8.7 acres) = 57.67 acres
total as indicated byArapahoe County.
Property Location
: 4035 & 4095 S. Santa
Fe, Sheridan
Property Description
: 34,424-sf ware-
house/showroom, brick/metal const.,
YOC 2001
Land Size
: 2.87 acres
Sales Price
: $3.6M, or $104.58 psf
Land-to-Building Ratio
: 3.63: 1
Closing Date
: 11/7
Grantor
: Great Western Bank, 1235 N. St.,
Lincoln, NE 68508 (Sarah Spiker)
Grantee
: Metro Express Sheridan LLC
(Brian Watt), c/o Rocky Mountain Cos.
Comments
: Listing brokers are Murray
Platt, SIOR, Paul Kluck, SIOR, and Daniel
Close of CBRE. The building contains
19,673-sf warehouse area, 14,135-sf show-
room area and 1,080-sf office area. There
are 96 parking spaces and 11 drive-in
doors with 14’-28’ clear height ceiling. It
is located on the northwest corner of S.
Santa Fe and W. Oxford Ave. The buyer is
planning on converting the property into
a two-tunnel car wash. The buyer is based
out of Boise, Idaho.
Property Location
: 561-569 S. Forest St.,
Glendale
Property Description
: 24-unit apt., 3-story
center-hall bldg., 18,972 sf with 13 parking
spaces (two 12-unit apt buildings with
9,486 sf each), brick const., YOC 1961
Land Size
: 16,291 sf
Sales Price
: $1.91M, or $79,583 per unit, or
$100.68 psf
Closing Date
: 11/18
Grantor
: Blue River Associates LLC (Roy
and Cynthia Lopez, mgrs.)
Grantee
: Forest Street Apartments LLC
(Gary Ghiselli, mgr.)
Financing
: $1.43M payable to Wells Fargo,
NA, matures 11/20/21
Property Location
: 6020 S. Greenwood
Plaza Blvd., Greenwood Village
Property Description
: 17,028-sf, single-
story office building condo, YOC 1979
(renovated in 2011)
Land Size
: Shared common area
Sales Price
: $1.82M, or $106.82 psf
Closing Date
: 11/4
Grantor
: Pride Realty Group III LLC
(Louis Puissegur III mgr.) Metairie, Loui-
siana
Grantee
: IcelandMilleniumLLC (James T.
Wanzeck, mgr.) 303-930-5134
Financing
: $1.66M payable to FirstBank @
4.55% due 11/1/24
Comments
: Buyer is broker owner of Re/
MaxMasters,
, who
represented himself in the transaction.
Listing brokers were Jason B. Addlesperg-
er, Keith Bell and David K. Lee of New-
mark Grubb Knight Frank. The building is
part of the Greenwood Commons, which
includes 14 buildings. This space contains
66 cubicles, 21 private offices, 2 confer-
ence rooms; break room with commer-
cial grade kitchen; DSC intrusion alarm
with 16 zones; game room; restrooms with
shower facilities; 4 spaces per 1,000 rsf.
Property was vacant at time of sale and
will be used by the buyer’s company, Re/
Max Masters Inc.
Property Location
: 901-931 W. Prentice
Ave., Littleton
Property Description
: 16-unit apt., 11,550
sf, brick const., YOC 1971
Land Size
: 2.87 acres
Please see Next Page
Map provided by Arapahoe County Assessor’s Office and Winslow Property Con-
sultants LLC
