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COLORADO REAL ESTATE JOURNAL
— December 17, 2014-January 6, 2015
Lathrop & Gage has one of the
top real estate departments in
Colorado. From acquiring a
single property to developing
a nationally prominent
commercial center, our real
estate attorneys know how to
secure the best deal possible.
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Office
by John Rebchook
Killin Properties LLC of Holy-
oke recently paid $4.9 million for a
four-story, 30,644-square-foot office
building at 1576 Sherman St. in
Denver.
“It is two blocks from the state
Capitol and is a marvelous build-
ing built around 1956,” said Tony
Leuthold, principal of the Leuthold
Group. He represented the sell-
ers in the transaction with his son,
David.
Jim Rhye of Kentwood Real
Estate represented the buyers, who
were doing a 1031 exchange, Tony
Leuthold said.
“Jim did a great job; he was
extremely competent,” Leuthold
said.
At the time of the sale, the
building was 91 percent leased
by Tetra Tech, a civil engineer-
ing firm, he added.
The seller was an investment
group that purchased and “totally
rehabbed” it in2003, Leuthold said.
The building was designed by
Denver architect James Sudler.
Sudler would later design the
North building at the Denver Art
Museum with Italian architect Gio
Ponti.
“It is sort of midcentury mod-
ern building,” Leuthold said. “It’s
pretty cool.”
The building sold for a 7.1 per-
cent cap rate and about $160 per sf,
Leuthold said.
s
Office building near Capitol sells
Square. The parking ratio is
4:1,000, which includes a small
subterranean parking structure
plus 310 surface parking spac-
es, 46 of which are covered.
Winn, along with CBRE’s
Tim Richey and Chad Flynn,
handled the transaction.
Other News
n
Passive Profits LLC
paid
$950,000 for 5,750 square feet of
office space at 1825 Lawrence
St. in Denver.
Stuart Thomas
of
Cassidy
Turley
represented the buyer.
Matthew Ball
of
Colliers Inter-
national
represented the seller,
Hadji Capital Properties LLC.
n
A 8,120-sf office property
at 5801 W. Alameda Ave. in
Lakewood sold for $900,000.
Jefferson Center for Mental
Health
purchased the property
from
Clairbridge Companies LLC.
Ray Rosado
and
Sam Bell
of
Cassidy Turley
represented the
seller.
James Wachholz
of
DTZ
represented the buyer.
n
Christ Liberty Restoration
Ministries
acquired a 13,005-sf
office building on 1.2 acres at
10170 E. Mississippi Ave. in
Aurora for $825,000.
Ivarainos
Inc.
was the seller.
Terry Matthews
and
Brian
Hutt
of
Cassidy Turley
rep-
resented the seller.
Kenneth
Davidson
of
Cherry Creek
Properties LLC
represented the
buyer.
n
Manhard Consulting,
a
civil engineering and survey-
ing firm with offices nation-
wide, nearly doubled the size
of its Westminster office with a
lease for 4,200 sf of office space
at 10835 Dover St.
Demand for the firm’s servic-
es and a resulting expansion of
its staff led to the move, which
will allow Manhard to con-
tinue growing its staff to more
efficiently respond to client
needs, especially in the energy
market, the company said. The
new offices also allowed for
more collaborate workspace.
“This relocation provides
the space we need to continue
growing,” said
Thomas Cave,
senior manager of Manhard’s
Western region. “Our top pri-
ority has always been to exceed
the needs of our clients. This
move allows us to add key
talent and effectively respond
to the increase in demand for
our services across the Western
region of the U.S.”
Until recently, the Westmin-
ster office operated as Accurate
EngiSurv.
Marty Knape
of
CBRE
han-
dled the lease transaction.
MIE
Properties Inc.
is the landlord.
s
Jim Havey, Havey Productions
Crescent VIII is at the East Belleview entrance to the Denver Tech Center.
‘It is two blocks from
the state Capitol and is
a marvelous building
built around 1956.’
– Tony Leuthold, Leuthold Group
