Page 24AA —
COLORADO REAL ESTATE JOURNAL
— September 2-September 15, 2015
WinComps
Adams County
Property Location
: South side of E. 55th
Ave., approximately 375’ west of Washing-
ton St., Denver
Property Description
: Vacant land
Land Size
: 30.83 acres
Sales Price
: $6.35M, or $4.73 per sf
Closing Date
: 7/25
Reception No.
: 2015000060955
Grantor
: Globeville I LLC (EnviroFinance
Group LLC), Cameron Bertron, VP, 303-
996-0840
Grantee
: Crossroads Commerce Park
Industrial LLC, c/o Trammell Crow Com-
pany, Bill Mosher, 303-628-7439
Comments
: Lots 1-3 Crossroads Com-
merce Park Sub., Filing No. 2, Tim
D’Angelo and Mike Wafer of Newmark
Grubb Knight Frank will handle the mar-
keting of the site and leasing of build-
ings on Trammell Crow’s behalf. Noah
Pillsbury at 720-633-9680 can handle calls
regarding the press release. This is Phase
I of the multiphase project. There are three
speculative industrial buildings under
construction containing a total of 640,000
sf that started at the end of July. Empire
Staple Co. is the first tenant in the park.
The entire 77 acres (with 30.83 acres sold in
this transaction) needed remediation and
was handled by the seller, EnviroFinance
Group. The remediation commenced in
2011 as the site was contaminated with
cadmium, lead, arsenic and zinc, but never
was made an EPA Superfund site. The
existing plant closed in 2006. Total build-
out will be approximately 1 million square
feet. See next sale for related parties and
location.
Property Location
: Southeast corner Lin-
coln Drive & E. 55th Ave., Denver
Property Description
: Vacant land
Land Size
: 4.51 acres
Sales Price
: $761,900, or $3.88 per sf
Closing Date
: 7/28
Reception No.
: 2015000064034
Grantor
: Globeville I LLC (EnviroFinance
Group LLC), Cameron Bertron, VP, 303-
996-0840
Grantee
: TC Crossroads # 4 LLC, c/o
Trammell Crow Company, Bill Mosher,
303-628-7439
Comments
: Trammell Crow is building
a 61,870-sf industrial facility for Empire
Staple Company of Denver that will be
ready in first-quarter 2016.
Property Location
: 9590 Federal Blvd.,
Federal Heights
Property Description
: 4,718-sf conve-
nience store that includes 3,200-sf store,
780-sf fast-food restaurant and 738-sf car-
wash w/8 fueling stations, YOC 2003
Land Size
: 1.39 acres
Sales Price
: $2.48M, or $524.59 per sf
Closing Date
: 8/3
Reception No.
: 2015000063943
Grantor
: YV Gas LLC, Yongge Vue, mgr.
Grantee
: ROF Properties, Richard
Oneslager, mbr., 303-482-9657
Financing
: $1.75M payable to Northstar
Bank, due 8/3/20
Comments
: There is a recorded 20-year
memorandum of lease from 9/1/15
through 8/31/35, plus an option to pur-
chase. There are four successive five-year
options to renew with the tenant, which is
Carpco LLC.
Property Location
: 5750 Fairfax St., Com-
merce City
Property Description
: 16,325-sf industri-
al warehouse building (includes 1,400-sf
office space), 14’ to 16’ clearance, 9 grade-
level doors, YOC 1966, 1972, metal
Land Size
: 1.85 acres
Sales Price
: $1.8M, or $110.26 per sf
Closing Date
: 7/24
Reception No.
: 2015000060478
Grantor
: 76473 Via Volterra LLC, Robert
W. Latimer, mgr.
Grantee
: J.L. Fairfax LLC, Gary T. Ruby,
mgr.
Financing
: $1.6M payable to Via Volterra
LLC
Comments
: Property listed byAlex Rings-
by and Scott Patterson of Ringsby Realty
Corp.,
.
Arapahoe County
Property Location
: 15450-15490 E. Center
Dr., Aurora, “Center Point East Apts.”
Property Description
: 208-unit two- and
three-story garden apartment complex,
172,944 sf rentable area, YOC 1999, 38
detached garages and 354 open spaces
Land Size
: 9.64 acres
Sales Price
: $31.1M, or $149,519 per unit,
or $172,83 per sf
Closing Date
: 8/5
Reception No
: D5087961
Grantor
: LOCenter Pointe East LLC, Sam-
uel J. Kasparek, VP
Grantee
: JSP Center LLC, et al., c/o FCG
Vista LLC, Suzanne Priest Cabling, CFO
Financing
: $27.65M payable to M&T Real-
ty Capital Corp.
Comments
: Property was listed and sold
by Terrance Hunt, Shane Ozment, Jeff
Hawks, Doug Andrews, Anna Stevens
& Amanda Meldrum of ARA Newmark,
303-260-4400. There are 72 one-bedroom
units from 651 sf to 668 sf, rents from $762
to $818/mo (20 renovated units @ $808 to
$857/mo.) There are 135 two-bedroom,
two-bath units @ 910 to 927 sf with rental
rates from $1,016 to $1,021; the 55 renovat-
ed two-bedroom units range from $1,077
to $1,118. The average size is 831 sf, with
the average rental rate $969 per month, or
$1.17 per sf. There are a total of 13 build-
ings, and 75 units are renovated.
Property Location
: 15300-15390 E. Alam-
eda Parkway & 402-586 S. Chambers Rd.,
Aurora, “City Center Marketplace Shop-
ping Center”
Property Description
: 234,255-sf shop-
ping center, YOC 1985, masonry veneer
construction, 5 buildings plus 42,863-sf
pad site
Land Size
: 20.28 acres
Sales Price
: $20.1M, or $85.80 per sf
Closing Date
: 7/31
Reception No
: D5086789 & D5086790
Grantor
: Deuce Retail Investors LLC, Ste-
phen F. Elken & Michael Opatowski, gen-
eral partners (50%) & North-South Retail
Partners, Gart Properties LLC, Thomas A.
Gart, mgr. (50%)
Grantee
: City Center LLC, c/o Cam
Real Estate,
, 631-
209-0919, based out of Stony Brook, NY;
(34.09%), and three LLC entities headed by
Richard O. Campbell: Windy River Retail
5 LLC (34.09%), Vallejo CC LLC (25%), SD
City Center LLC (6.82%)
Comments
: Property was listed and sold
by Cushman & Wakefield, Jon Hendrick-
son & Aaron Johnson. Property is locat-
ed on the southeast corner of S. Cham-
bers and E. Alameda Ave. and contains
three parcels; Lot 2 is vacant pad site.
The anchor tenants include 24 Hour Fit-
ness with 39,421 sf, Arapahoe County
Clerk with 11,126 sf, DaVita with 8,588 sf,
Family Dollar with 8,777 sf, Sherwin Wil-
liams with 6,467 sf, Heart for the World
Christian Center, 5,312 sf, & Quality Auto
Sound with 4,280 sf. There was approxi-
mately 75,000 sf vacant at the time of sale
or a total vacancy rate of 32%.
Property Location
: 1491 S. Havana St.,
Aurora “Red Robin”
Property Description
: 7,425-sf restaurant,
YOC 1993, stucco construction
Land Size
: 36,155 sf
Sales Price
: $4.54M, or $610.77 per sf
Closing Date
: 8/14
Reception No
: D5092545
Grantor
: Victoria Land Partners LP, Daron
Young, mgr.
Grantee
: ZS Investment Properties LLC
Comments
: Property listed by Patrick
Toomey, 310-919-5765, & Calvin Short,
310-919-5770, of the Matthews Group.
Property sold on a 5.5% in-place cap rate.
Property Location
: 5292 S. Parker Rd.,
Aurora
Property Description
: Vacant senior
assisted-living site
Land Size
: 9.57 acres
Sales Price
: $2.85M, or $6.84 per sf
Closing Date
: 8/5
Reception No
: D5087961
Grantor
: Beth Israel Foundation for the
Aged, Dan Stenersen, pres.
Grantee
: Parkside Village Retirement
Community, 402-420-2311
Comments
: Plan for senior assisted-living
and nursing care.
Boulder
Property Location
: 2955-2975 Valmont
Rd., Boulder
Property Description
: 32,320-sf, three-sto-
ry office complex (two buildings), wood-
frame construction, YOC 1984
Land Size
: 1.42 acres
Sales Price
: $4.5M, or $139.23 per sf
Closing Date
: 8/17
Reception No
: 03467394
Grantor
: Centennial Creek LP, L. Robert
Bauers, general partner
Grantee
: Boulder Warehouse Association
Inc., Kenneth C. Schneider II, pres.
Comments
: Main tenant is National
Research Center located at 2955 Valmont
Rd., Ste. 300. Boulder FamilyAcupuncture
is located in Suite 100. The county shows
the first building containing 17,858 sf and
the second building containing 14,462 sf.
Property Location
: 4900-4916-4920 & 4944
Pearl St., Boulder
Property Description
: 10,800-sf ware-
house, 6,000-sf warehouse, YOC 1970, and
1,440-sf storage building, YOC 1970, metal
construction (18,240 sf); the buyer owns
several adjoining parcels, which indicates
long-term hold and/or redevelopment
potential.
Land Size
: 1.92 acres
Sales Price
: $3M, or $35.87 per sf (land
value)
Closing Date
: 8/17
Reception No
: 03466894
Grantor
: Boulder Warehouse Association
Inc., Kenneth C. Schneider II, pres.
Grantee
: City of Boulder, 1777 Broadway,
Boulder 80302
Comments
: The seller is located in Boul-
der at 3195 Bluff St. and can be contacted
at 303-589-2910. The property is two par-
cels of land located at the southeast corner
of Pearl St. & 49th St. The city of Boulder
owns the adjoining parcel to the east of
4944 Pearl St., which contains six parcels
totaling 27.35 acres located on the south-
west corner of Pearl & 50th Street.
Property Location
: 901 Pearl St., Unit 100,
Boulder
Property Description
: 6,156-sf* restaurant
condominium
Land Size
: 10,094 sf
Sales Price
: $2.34M, or $380.44 per sf
Closing Date
: 6/25
Reception No
: 03465600 (recorded 8/7)
Grantor
: 901 Eldridge Inc., Philip Shull,
pres.
Grantee
: 901 Pearl Unit 101 LLC, 1002
Walnut, Suite 203A, Boulder 80302, Joseph
& Peg Romano, pres., & Kelly Kingsford,
executive chef, Greg Topel, director of
operations
Financing
: $2.94M payable to Guaranty
Bank & Trust
Comments
: Buyers own the Mediterra-
nean Restaurant and Brasserie Ten and
plan to open an Italian restaurant named
Via Perla within the next year. *Building
size for restaurant derived from condo-
minium declaration recorded 03453378,
dated 6/17/15. Buyer’s email is www.
themedboulder.com, 303-444-5335.
Property Location
: Northeast corner
Cherry St. & Dogwood St., Louisville
Property Description
: Vacant industrial
land
Land Size
: 3.46 acres
Sales Price
: $600,000, or $3.98 per sf
Closing Date
: 8/17
Reception No
: 03445965
Grantor
: Boston Family LLC, Chris Bos-
ton, mgr., 303-586-5930
Grantee
: Tebo Partnership LLLP, Steve
Tebo, ptnr.
Comments
: Listed and sold by Chris Bos-
ton of Gibbons-White, 303-442-1040.
Denver County
Property Location
: 5151 Bannock St., Den-
ver, “Colorado Trade Center”
Property Description
: 705,839-sf industri-
al complex, YOC 1922, masonry construc-
tion; renovated in 1985
Land Size
: 38.44 acres
Sales Price
: $42.89M, or $60.77 per sf
Closing Date
: 8/11
Reception No.
: 2015111995
Grantor
: Bannock Street Center LP, Allan
Zalesky, pres. of Bannock Street Corp.,
300 Allegheny Ave., Baltimore MD, Attn:
James G. Kane
Grantee
: Port Jeff LLC (Conscience Bay
Co.),
, Eli Feldman, Ben
Woolf or Erin Marilley, 303-225-7905,
Financing
: $25.3M payable to Bannock
Street Center LP (59% LTV)
Comments
: R.C. Myles, Jim Brady, Craig
Myles & Tyler Smith of DTZ handled the
sales transaction. Tenants include Fresh-
Point, FreshPack Produce, Safeway, Con-
dit Exhibits and Colorado Doorways.
Property Location
: Bounded by 29th St.,
Brighton Blvd, Wewatta St. & 28th St.
Property Description
: multifamily land
with 362 units planned
Land Size
: 2.92 acres
Sales Price
: $14.65M, or $115.02 per sf, or
$40,470 per unit
Closing Date
: 8/7
Reception No
: 2015110572
Grantor
: Denargo Market TRS Inc.,
Cypress Real Estate Advisors, Tim Clark,
pres.), Austin, TX, 512-494-8510
Grantee
: Brighton Apartments LLC (Mill
Creek Residential Trust Investments LLC),
Brian Wynne, mgr., 720-279-0031
Financing
: $57.09Mpayable to PostApart-
ment Homes (PAH Lender LLC)
Comments
: Planned for 362 units. Prop-
erty was listed and sold by Chris Cowan,
303-260-4419, & Steve O’Dell, 303-260-
4404, of ARA Newmark. Buyer has a
national office located at 2001 Bryan St.,
Ste. 3275, Dallas, TX 75201, 214-922-8500.
Mark R. Dempsey is executive managing
director of acquisitions.
Property Location
: NWC Lincoln St. & E.
18th Ave., SEC E. 19th Ave. & Broadway,
1811 Lincoln St.; 1820 & 1830 Broadway,
Denver
Property Description
: Parking lot
Land Size
: 98,700 sf
Sales Price
: $14M, or $141.84 per sf
Closing Date
: 8/3
Reception No.
: 2015101510
Grantor
: Trinity (Denver) PIP LLC, c/o
Avanti Land Group, 923 N. Pennsylvania
Ave., Winter Park, FL 32789-2456
Grantee
: Emily Griffith Foundation
Financing
: $6.17M payable to Citywide
Banks
Comments
: This parking lot adjoins the
building located at 1860 Broadway, which
is owned by Denver School District No. 1.
Property Location
: 1320 Glenarm Place,
Denver
Property Description
: Parking lot
Land Size
: 21,875 sf
Sales Price
: $7M, or $320 per sf
Closing Date
: 8/3
Reception No
: 2015109185
Grantor
: David R. Paderski of Paradise
Properties
Grantee
: CS Glenarm Denver LLC, c/o
1 Choice Hotel Circle, Ste. 400, Rockville,
MD
Comments
: Buyer contact is 303-592-5000.
Property Location
: Northwest corner of
W. Jewell Ave. & S. Bannock St., Denver
Property Description
: Vacant restaurant
site, zoned C-MU-20
Land Size
: 5.91 acres
Sales Price
: $5.5M, or $21.36 per sf
Closing Date
: 8/12
Reception No.
: 2015113102
Grantor
: Jewell Group LLC, Jon C. Cook,
mgr.
Grantee
: EMF Evans Station LLC, c/o
EncoreMulti-Family LLC, Bradley C. Mill-
er, pres., 214-259-7000
Financing
: $26.6M due 8/12/18 BOKF
NA, dba Bank of Texas
Comments
: Buyer is a multifamily devel-
oper. Steve O’Dell & Chris Cowan of ARA
Newmark negotiated the transaction.
The Winslow Report
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