CREJ - Journal

Page 16AA —

COLORADO REAL ESTATE JOURNAL

— May 6-May 19, 2015

by Unique Properties LLC-TCN World-

wide and negotiated the transaction for

the grantee. Toole owns Ireland’s Finest

Painting Co. and the Jefferson Park Pub.

The building has nearly 6 years left, on

the lease and reflects a 8.5% “in-place”

cap rate.

Property Location

: 148 Vallejo St., Denver

Property Description

: 7,203-sf industrial

factory building, YOC 1965, block const.

Land Size

: 14,230 sf

Sales Price

: $500,000, or $69.41 per sf

Closing Date

: 4/1

Reception No.

: 2015040401

Grantor

: Patsy L. Tricario

Grantee

: HE Leasing LLC, Darin J. Uhrig,

mgr., 303-778-6517

Financing

: $490,000 payable to Patsy L.

Tricario (95.5% LTV)

Comments

: Tenant purchased the build-

ing from the landlord/seller. Heabler

Metal Products, which is owned by Darin

Uhrig, acquired the building from Patsy

L. Tricario with very favorable financing

terms. Owner-occupied building

Property Location

: 1147 Santa Fe Dr.,

Denver

Property Description

: 1,343-sf retail con-

version, YOC 1900, brick const.

Land Size

: 4,257 sf

Sales Price

: $385,500, or $287.04 per sf

Closing Date

: 3/31

Reception No.

: 2015040056

Grantor

: Meghan K. Collar & James L.

Throckmorton

Grantee

: Rocking Horse LLC, 1147 Santa

Fe, Denver 80204 (Fred McNab, mgr.)

Financing

: $385,500 payable to David &

Susan Knust

Property Location

: 101 S. Emerson St.

(SWC S. Emerson & E. Bayaud) Denver

Property Description

: Vacant land

Land Size

: 4,257 sf

Sales Price

: $300,000, or $70.47 per sf

Closing Date

: 3/30

Reception No.

: 2015038613

Grantor

: Raymond E. Arnold

Grantee

: 101E Partners LLC (Philip I.

Paterson &Darryn T. McLaughlan, mbrs.)

Financing

: $195,000 payable to Guaranty

Bank & Trust

Comments

: Strategic location in West

Washington Park area on small site zoned

G-MU-3.

Douglas County

Property Location

: 1) 11280 S. Twen-

ty Mile Rd. 2) 11177 S. Dransfeldt Rd.

3) 11290 S. Twenty Mile Rd., Parker

Property Description

: 1) 22,750-sf retail

center (Target-anchored center), YOC

2005, brick construction; 2) 25,517-sf retail

center, YOC 2003, brick construction; 3)

10,099-sf retail center, YOC 2006, brick

construction (total 58,366 sf)

Land Size

: 1) 2.13 acres 2) 2.05 acres 3)

1.95 acres (total of 6.12 acres)

Sales Price

: $19,54M, or $334.70 per sf

Closing Date

: 4/8

Reception No.

: 2015022767 ($7.83M, or

$343.96 per sf) 2) 2015022781 ($7,.36M, or

$288.44 per sf) 3) 2015022754 ($4.35M, or

$430.73 per sf)

Grantor

: Parker Valley Center VI, IV & V

LLC (David J. Faestel, mgr.)

Grantee

: Retail Fund I, Denver Parker VI

LLC, Parker IV & Parker V, Crow Hold-

ings, 214-661-8000

Comments

: 1) Lot 6, Parker Valley Center

Filing No. 1, 4th Amendment; 2) Lot 3,

Parker Valley Center Filing No. 1, Sec-

ond Amendment. Seller was represented

by Newmark Grubb Knight Frank, Riki

Hashimoto & Dan Grooters.

Property Location

: NWC French Creek

Ave & Motsenbocker Rd.

Property Description

: Vacant land

Land Size

: 124.96 acres with 500 lots pro-

posed

Sales Price

: $15M, or $2.75 per sf

Closing Date

: 3/29 & 2/12

Reception No.

: 2015020238 & 2015008639

Grantor

: Parker Investments 2009 (for-

merly known as Pivotal Parker Invest-

ments & Parker PA-11 LLC, (Gary S.

Elbogen, mgr.), Scottsdale AZ

Grantee

: Anthology Recovery Acquisi-

tion, c/o Raintree Inv., David Hewitt,

mgr.

Comments

: LLC to buyer is Paulson REF

II West LLC (Jonathan Shumaker, signa-

tory). There were 2 deeds; the first deed

included $10M for 64.97 acres, or $3.53

per sf, including 95 finished lots and

another 125 partially lots and tracts. The

second deed was for $5M and contained

60 acres of unplatted land, or $1.91 psf.

An additional 280 lots will be developed

on the 60 acres for a total of 500 residential

lots, or $30,000 per lot.

Property Location

: NEC & NWC of Ken-

neth Dr. & Bristleridge Dr., also fronts

W/S Meridian Village Parkway

Property Description

: Vacant land

Land Size

: 4.85 acres

Sales Price

: $1.94M, or $55,509 per lot, or

$9.10 per sf

Closing Date

: 4/8

Reception No.

: 2015020152

Grantor

: Bradbury MV Dev Corp (Thom-

as H. Bradbury Jr., pres.), 303-708-1105

Grantee

: KB Home Colorado, 7807 E.

PeakviewAve., Ste. 300, Centennial

Comments

: Lots 1-35, Meridian Inter-

national Business Center Filing No. 7G,

1st Amendment, see 2015013424 & plat

recorded 2015013279. Average size lot is

6,035 sf. Applicant to pay $500 per lot for

Douglas County School District

Property Location

: Northwest corner

C-470 & Erickson Blvd.

Property Description

: Vacant land

Land Size

: 2.66 acres

Sales Price

: $1.5M, or $12.93 per sf

Closing Date

: 4/15

Reception No.

: 2015024281

Grantor

: LC West LLC, Mark J. Ker-

slake, mgr.), 26 Corporate Plaza, Ste. 260,

Newport Beach, CA 92660 c/o Province

Group, 949-553-4800

Grantee

: Propel Development LLC, 425

Soledad, 4th floor, SanAntonio, TX 78205,

Attn: Brent Adcock & Hans Lindberg,

mgr., 210-446-3230

Comments

: Buyer plans to build hotel on

this site.

Property Location

: E/S Roxborough Park

Rd., ¼ mile north of Titan Rd., Unincorp

Property Description

: Vacant land

Land Size

: 35 acres

Sales Price

: $1.4M, or $40,000 per acre

Closing Date

: 4/8

Reception No.

: 2015022451

Grantor

: ARS Sand & Gravel Co. LLC

(Kim R. Haarberg, mgr.)

Grantee

: Highland Investments LLLP

(Roxanne Fie Anderson, mgr.), Bow Mar,

Comments

: Buyer owns adjoining land.

Property Location

: 10270 Dransfeldt Rd.,

Parker

Property Description

: 15,720-sf ware-

house, YOC 1984, fractured-block constr.

Land Size

: 1.03 acres

Sales Price

: $1.35M, or $85.88 per sf

Closing Date

: 4/7

Reception No.

: 2015024260

Grantor

: SW Properties LLC (Thomas M.

Schlender, mgr.)

Grantee

: Wyldsky LLC (Charles &

Meegon Reilly, mgrs.), 720-851-5758

Financing

: $900,000 payable to Citywide

Banks

Comments

: Property is leased to ServPro

(10,448 sf) & Greg’s Automotive Repair

(5,272 sf). The transaction was handled

by Nick Nickerson, 303-968-6183, and

Mitch Trevey, 303-619-7192, and sold on

an “going-in” cap rate of 7.7%. There are

4 drive-in doors. Buyer is a long-term

investor and owns Ponderosa Petroleum.

Property Location

: NW/S Meadows

Parkway, 200’ NE of Factory Shops Blvd.,

Castle Rock (Part of New Castle Rock

Mall)

Property Description

: Vacant land, pro-

posed Kneaders Bakery & Cafe

Land Size

: 43,298 sf

Sales Price

: $1.15M, or $26.56 per sf

Closing Date

: 4/16

Reception No.

: 2015024656

Grantor

: SEA Green Juniper LLC by:

Alberta Management, Donald G. Provost,

mgr.

Grantee

: FFG Development LLC, 871 S.

Automall Dr., American Fork, UT 84003

Comments

: Buyer is the Four Foods

Group Holding, 801-642-3800, and it spe-

cializes in the Kneaders Bakery & Café. It

opened its first Bakery and Café in Parker

in September 2014.

Jefferson County

Property Location

: 10422-10460 Town

Center Dr.

Property Description

: 222,300-sf shop-

ping center, YOC 2006

Land Size

: 26.49 acres

Sales Price

: $57.1M, or $256.86 per sf

Closing Date

: 4/10

Reception No.

: 2015036588

Grantor

: Pine Tree Westminster LLC, c/o

Pine Tree Commercial Realty, 40 Skokie

Blvd., Suite 640, Northbrook IL 60662,

Peter Borak, pres., 847-574-3333

Grantee

: IVT Walnut Creek Westmin-

ster LLC, c/o IA Acquisitions Corp., (G.

Joseph Cosenza, pres., 630-218-4948, joe@

inlandgroup.com)

Comments

: Listing brokers Matt DeBar-

tolomeis and Jon Weisiger of CBRE han-

dled the leasing prior to closing. There

was 61,354 sf available at time of sale

with 36,806 sf contiguous, with rates at

$25 per sf NNN on smaller spaces. Shad-

ow-anchored by 173,100-sf Super Target.

Some of the major tenants include T.J.

Maxx, containing 50,194 sf; PetSmart has

27,135 sf; Michaels is leasing 20,597 sf;

Golf Galaxy occupies 15,331 sf; Dollar

Tree has 10,000 sf; Hacienda Colorado

leases 7,671 sf; while Road Runner Sports

occupies 7,153 sf. Buffalo Wild Wings has

5,601 sf, while LABoxing leases 4,718 sf &

Chase Bank has 4,310 sf.

The Winslow Report

Continued from Previous Page

John V. Winslow, CRE, is president of Win-

Comps LLC and has more than 40 years’

experience in commercial

real estate. He can be

reached at 720-612-7878

Colprop2012@gmail.

com. The information

was gathered from county

records and deemed to be

reliable. Other sources

of research include bro-

chures and information

verified by owners or list-

ing/selling brokers.

John V. Winslow,

CRE

Who’s News

Ben Truitt

was named as

director, FHA, for

Arbor Com-

mercial Mortgage LLC’s

Den-

ver office.

A 17-year commercial real

estate finance veteran, Tru-

itt will be

responsible

for providing

capital for

the refinance,

acquisition

and con-

struction of

multifamily

housing and

senior hous-

ing.

Prior to joining Arbor, Truitt

began his commercial lending

career as an originator with

GMAC Commercial Mortgage.

Since then, he has had various

roles with GMAC, PNC Bank,

Red Stone, AmeriSphere and

ACRE, and has a U.S. Depart-

ment of Housing and Urban

Development Multifamily

Accelerated Processing desig-

nation. Over his career, Truitt

has been involved with the

origination or underwriting of

$570 million in closed loans.

Truitt received his Master

of Business Administra-

tion degree in real estate

development and invest-

ments from the University

of Colorado Boulder, where

he also received an under-

graduate degree in mechanical

engineering.

Kyle K. Rank,

chief compli-

ance officer of title insurance

underwriter Alliant National

Title Insurance Co., passed the

exam to become a Certified

Manager of Quality/Organiza-

tional Excellence.

Rank has been in the title

insurance industry since 1989.

Previous titles held include

chief claims counsel, associ-

ate general

counsel, gen-

eral counsel

and resident

and part

owner of an

independent

title insur-

ance agency.

He first

joined Alli-

ant National

in 2010, when he was hired

as the Missouri State Agency

manager. However, because of

his professional background

and experience, he was pro-

moted to chief compliance

officer. He now manages the

entire quality and compliance

department of Alliant National

Title Insurance Co.

Scott Graber

joined

Gersh-

man Mortgage

as vice presi-

dent of multifamily and senior

housing.

Graber will

oversee the

operations

of St. Louis-

based Gersh-

man’s newly

opened office

in Denver,

which spe-

cializes in

multifamily,

health care

and commercial lending. He

has 13 years of experience in

commercial real estate and

loan originations.

He has a Bachelor of Arts in

finance from Seattle University

and a master’s in real estate

development and construction

from the University of Denver.

Prior to joining Gershman, he

concurrently fulfilled the roles

of a Federal Housing Adminis-

tration production manager for

11 NorthMarq Capital offices

and a direct originator at Amer-

iSphere. Most recently, he held

a senior vice president position

in Johnson Capital’s Denver

office.

Chase Christensen

joined

RPC Properties LLC

as a broker

associate.

Christensen joined the Fort

Collins brokerage firm with

experience in the Northern

Colorado market.

Justin Pless,

founder of Pless

Law Firm LLC, was named to

the 2015

Colorado Super Law-

yers

list as a rising star in real

estate law.

Pless focuses his practice on

commercial real estate matters,

including purchase and sale,

leasing, development, land use

and finance transactions. He

represents a variety of clients,

ranging from individual real

estate investors to Fortune 500

companies.

Ben Truitt

Scott Graber

Kyle K. Rank