Page 14 —
COLORADO REAL ESTATE JOURNAL
— April 6-April 19, 2016
Boulder County & U.S. 36 Corridor
by Jill Jamieson-Nichols
Holland Partner Group has
acquired another apartment
community in the northwest
metro area, Stonebridge at
Twin Peaks.
Holland paid $34 million, or
$197,674 per unit, for the 172-
unit community at 2424 Ninth
Ave. in Longmont.
The property was approxi-
mately 97 percent occupied at
the time of the sale.
“It has a really good occu-
pancy history. It’s always
stayed full – since it’s been
built, really,” said David Potarf
of CBRE Inc., who represented
the seller with CBRE brokers
Dan Woodward, Matt Barnett
and Jake Young.
In addition to higher-than-
market occupancy, Stonebridge
has experienced strong rent
growth and is located in an area
undergoing lots of redevelop-
ment, he said. It is just north
of the new Village at the Peaks
shopping and entertainment
area and close to the Golden
Ponds Park and Nature Area
and Twin Peaks Golf Course.
The location provides easy
access to Boulder and the U.S.
Highway 36 corridor, where
Holland Partner Group recent-
ly acquired the Eagle’s Land-
ing Apartments.
Built in 1998, Stonebridge
at Twin Peaks offers Holland
Partner Group the opportuni-
ty to add value by upgrading
units as needed, according to
Potarf.
The community consists of 40
one-bedroom, one-bath units
averaging 736 square feet; 18
two-bedroom, one-bath units
with 933 sf; 84 two-bedroom,
two-bath units of 1,026 sf; 18
two-bed, two-bath apartments
with 1,276 sf; and 12 three-
bedroom, two-bath units with
1,276 sf. Townhome-style units
are part of the mix.
The apartments have ener-
gy-efficient, full-sized washers
and dryers; crown molding;
central air conditioning; ceiling
fans; walk-in closets; and bal-
conies and patios. Some units
have fireplaces and vaulted
ceilings.
Resort-style
community
amenities include a state-of-
the-art, 24-hour fitness center;
attached and detached garages;
reserved, covered carport park-
ing; a heated swimming pool
and hot tub with a barbecue
area; fully equipped business
center; gazebo; profession-
ally landscaped grounds; and
views of Twin Peaks.
Stonebridge LLC, led by the
same family that sold Eagle’s
Landing, was the seller.
Other News
n
Google
purchased just
under 1½ acres of land next to
its future campus in Boulder
earlier this year for $7.01 mil-
lion.
Dan Otis
of
Pearl Place Asso-
ciates,
which is developing the
330,000-square-foot campus
for Google, said the company
doesn’t have immediate plans
for the property but wanted
to control it for possible future
expansion.
Pearl Place Phase 1
Vertical LLC
was the seller.
Excavation and underground
infrastructure work for the
Google campus at 30th and
Pearl streets is underway, with
delivery anticipated in mid-
2017.
n
John Atencio,
a Colorado
jewelry designer, artist and
entrepreneur with ties to Boul-
der, will open a new concept in
1,350 sf of prime retail space at
Stonebridge at Twin Peaks features resort-style amenities.
by Jill Jamieson-Nichols
A 69-unit apartment com-
munity sold to a California
buyer for $22.08 million,
achieving a record price per
bed for the Boulder market.
First Range Management
of Boulder sold the Boulder
View Apartments, located at
6655 Lookout Road in north-
east Boulder, to LandBank
Investments LLC of Menlo
Park, California. Completed
in 2014, the property was 97
percent leased at the time of
The price per bed for Boulder View Apartments was a record
$262,857.
