November 4-November 17, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 11
Greater Denver
Chairman Mike Winn.
The property drew interest
from investors that typically
buy one- or two-tenant build-
ings. “The interest level was
very solid from people who like
those kinds of secure, cash-flow-
ing properties,” said Winn, who
handled the transaction with
CBRE’s Tim Richey and Chad
Flynn.
CableLabs
o c c u p i e s
the
build-
ing at 858
Coal Creek.
Me d t r o n i c
occupies 826
and
most
of 867 Coal
Creek, where
a smaller ten-
ant, Nexant,
has about 8,000 sf.
“We want to continue to
own buildings that are occu-
pied by tenants like Medtronic
and CableLabs that represent
the best tech tenants that metro
Denver has to offer,” said Brain-
ard.
Tritower Financial Group
bought the property from FFI
CO Coal Creek LLC, which is
affiliated with Founders Prop-
erties. Founders bought Coal
Creek Business Park in late 2011
for $32 million.
The park sits alongside Coal
Creek Golf Course. It also is
close to restaurants, hotels and
other amenities.
The brick and stone buildings
have two-story lobbies, dual
entries, 9-foot ceilings and a
parking ratio of 4.2:1,000. “The
buildings are fairly new but well
maintained as well,” said Brain-
ard.
Tritower Financial Group’s
leadership team includes Scott
MacPhee and William Gribbell,
who co-founded Franklin Street
Properties Corp. Tritower owns
assets in the Boston, Washing-
ton, D.C., and Denver metro
areas. It bought the Raytheon
buildings at 16430 and 16470 E.
Hughes Drive in Aurora in Feb-
ruary and Brainard said, “We
plan to continue to buy some
additional properties going
forward.”
s
Tritower
Mike Winn
South Broadway and East Dry
Creek Road in Littleton. The site
was formerly a Marathon Oil
research facility.
AMLI plans to develop a Class
A, 325-unit apartment commu-
nity on the land it acquired.
“AMLI is a highly qualified
developer of multifamily and
builds an outstanding product,”
said
Martin Roth,
who listed
the property with fellow CBRE
First Vice President
Eric Roth.
“We feel their project will
complement the overall proj-
ect and enhance the mixed-use
nature of Littleton Village,“
added Martin Roth.
Both are with CBRE’s Land
Services division. They repre-
sented the seller,
WIP,
a subsid-
iary of Watt Investment Part-
ners. The Littleton property is
designed with multiple “super”
pads that are positioned to
accommodate residential, sin-
gle-family, multifamily and
retail developments.
s
Thornton
An aerial map shows where AMLI plans an apartment community in Littleton.
