Page 46 —
COLORADO REAL ESTATE JOURNAL
— April 20-May 3, 2016
ard, Poudre Valley Health Sys-
tem, Agilent, Eastman Kodak
Co. and Anheuser-Busch.”
The acquisitions are Inland’s
first in the Fort Collins market,
although the company owns a
number of properties in Gree-
ley, Loveland and Denver.
Miramont is a 16-buidling
property with 210 units,
including 45 one-bedroom and
165 two-bedroom units. Each
apartment has a private balco-
ny or patio, hardwood floors,
a gas fireplace, 9-foot ceilings
and walk-in closets.
Of the 210 units, 78 recent-
ly were upgraded with new
appliances, plank flooring,
cabinet doors and counter-
tops. The 212,220-square-foot
property also features a newly
renovated clubhouse, detached
garages, a fitness center, swim-
ming pool, hot tub and dog
park. It is near two golf courses
and bike trails.
Pinecone is a 175,815-sf
property with 13 buildings. It
includes 45 one-bedroom and
150 two-bedroom apartments,
for a total of 195 units.
Unit amenities include
brushed-nickel fixtures, gas
fireplaces, private balconies
or patios, washers and dryers
and walk-in closets. There is a
heated swimming pool, club-
house, fitness center, business
center, dog park and detached
garages. The apartments are
within walking distance of Fort
Collins High School, Stewart
Case Park and the Power Trail.
Hamilton Zanze sold the
properties in a deal that drew
investors that already own
apartments along the Front
Range as well as investors
looking to establish a pres-
ence in the market, according
to CBRE Senior Vice President
David Potarf.
Potarf said the strength of the
market and quality of the prop-
erties drew significant buyer
interest.
Potarf represented the seller
with CBRE’s Dan Woodward,
Matt Barnett and Jake Young.
Inland Real Estate Acquisi-
tions Inc. has facilitated more
than $41 billion in purchases,
including apartments, retail
centers and single-tenant prop-
erties.
Other News
n
DC Realty,
a Florida invest-
ment group, bought a single-
tenant retail property in Fort
Collins for $1.05 million cash as
part of a 1031 exchange.
PPG Paints occupies the
4,294-square-foot property at
3201 Mulberry St., Units G and
H2. The tenant has nearly 10
years remaining on its lease.
Listing broker
Larry Hawe
of
SVN/Denver Commercial
said
there was strong interest in the
property.
Mike Carnes
and
John Shef-
lin,
also of SVN/Denver Com-
mercial, represented the buyer.
n
Pinnacle Agriculture
Holdings
leased 24,000 sf of
office space at 4850 Hahns
Peak Drive in Loveland.
Cobey Wess
of
SVN/Denver
Commercial
represented the
tenant.
Tom Hall
of
McWhin-
ney
represented the landlord,
FDC Office I LLC.
n
Kismet Properties
pur-
chased a half-acre of land at
65th Avenue and U.S. Highway
287 in Loveland for construc-
tion of a Verizon store.
The property sold for
$475,000.
Nathan Klein
of
LC Real
Estate Group
represented the
seller,
65th Street Loveland
LLC. Bill Reilly
of
SVN/Denver
Commercial
represented the
buyer.
n
Big Thompson Diesel &
Auto
leased 5,400 sf of indus-
trial space at 604 S.E. Eighth
St., Units A and B, in Loveland
from
Pearson Rentals LLC.
Patrick O’Donnell, Bruce
Campbell
and
Larry Melton
of
Realtec-Loveland
handled
both sides of the transaction.
n
KMAC Holdings LLC
paid
$380,000 cash for a 2,987-sf
retail property at 6712 S. Col-
lege, Unit 1, in Fort Collins.
Jerry Chilson
of
SVN/Den-
ver Commercial
represented
the seller,
HAFA LLC. Craig
Hau,
a commercial broker with
The Group,
represented the
buyer.
s
Inland
to provide better recognition that
Loveland Commercial and the
former Midtown Homes (now
LC Home) are regional players
and part of the same company,
said
Nathan Klein,
partner and
commercial brokerage manager.
“We are still a Loveland-based
company, but clearly a regional
player in the marketplace, and
this move signifies that evolu-
tion,” said
Eric Holsapple,
co-
founder and partner.
The new location gives LC Real
Estate Group a significant pres-
ence in the center of Loveland,
providing visibility from U.S.
Highway 34/East Eisenhower
Boulevard and offering higher-
quality, more efficient space.
Previously spread out in dif-
ferent offices at Thompson Val-
ley Towne Center in Loveland,
the company’s 21 partners and
employees now occupy a single,
centralized location.
LC Real Estate Group is a full-
service, independent real estate
brokerage, property manage-
ment, development and home-
building company. Holsapple
and
Don Marostica
founded the
company in 1996 after purchas-
ing Moore Commercial.
Marostica sold his interest in
the company to
Blaine Rappe
and Klein when he retired in
2012, but remains a major inves-
tor in the company. Partners, in
addition to Holsapple, Klein and
Rappe, are
Wayne Lewis, Nick
Galluzzo
and
Rollin Goering.
LC Real Estate Group and its
partners are known for develop-
ing King Soopers shopping cen-
ters in Loveland and Fort Collins,
more than 2,500 residential lots
and nearly 500 homes in North-
ern Colorado, as well as donat-
ing $1.5 million to create the
Loveland Commercial Endowed
Chair in Real Estate in the Colo-
rado State University College of
Business Everitt Real Estate Cen-
ter. The company has expanded
its investments and develop-
ments to the Denver metro area
and Colorado Springs.
s
Loveland
and upgrades on office and labo-
ratory spaces for three depart-
ments. The upgraded building
will reopen in November 2017.
CTL recently received Colo-
rado’s top engineering honor,
ACEC Colorado’s 2016 Grand
Conceptor Award, for work on
the Regency Athletic Complex
at Metropolitan State University
of Denver.
“Our firm has played an inte-
gral role on many of Denver’s
most notable and historic build-
ings,” said Marc Cleveland, vice
president of CTL|Thompson.
“We are honored to be chosen
again, and we’re dedicated to
finding the engineering solutions
that lead to a highly successful
project.”
s
CTL
The photo shows the Regency Athletic Complex, a recent project that CTL completed at the Auraria Campus – and
work that captured the state's top engineering honor, ACEC Colorado's 2016 Grand Conceptor Award.
construction supersector, which
posted a 5.1 percent increase and
added 4,900 jobs in 2015.
The professional and business
services supersector added 9,600
jobs, and education and health
services increased by 8,800 posi-
tions. The smallest increase, in
both percentage and absolute
terms, occurred in the informa-
tion sector. Nonetheless, this was
welcome news as preliminary
estimates indicated that the infor-
mation sector shed jobs in 2015.
According to Silverstein, the
region’s unemployment rate
fell 1.5 percentage points over
the year in January to 3 percent,
with all seven counties report-
ing declines between January
2015 and 2016, ranging from 1.2
percentage points in Douglas
County to 1.8 percentage points
in Adams County.
The Monthly Economic Indica-
tors report provides a snapshot of
metro area economic activity, as
well as its relationship to national
and regional economic trends.
Update…
n
The Metro Denver Economic
Development Corp. also celebrat-
ed metro Denver’s role in lead-
ing the “regionalism revolution”
at its 12th annual Meeting and
Awards Luncheon at the Denver
Center for the Performing Arts
in March.
Following the oil and real
estate bust in the early 1980s,
metro Denver’s economic devel-
opment leaders determined that
the region’s best chance for eco-
nomic recovery would come
from working as a team rather
than poaching companies from
one local community to another.
“Those visionary leaders
developed the concept of region-
alism – all economic develop-
ment groups working together
under a code of ethics to market
the region first and individual
communities second – which
has been at work in metro
Denver since 1986,” said Maja
Rosenquist, vice president and
general manager of Mortenson
Construction, and co-chair of the
Metro Denver EDC’s Executive
Committee.
Anaffiliateof theDenverMetro
Chamber of Commerce, the
Metro Denver Economic Devel-
opment Corp. is the nation’s first
regional economic development
entity, bringing together over 70
cities, counties and economic
development agencies in the
nine-county metro Denver and
Northern Colorado area.
s
Metro
lighting technologies, for both
new construction and renova-
tion projects.
Teamed with Ecosystems
Group Inc., we recently assist-
ed The Carillon at Boulder
Creek with an LED lighting
package that is projected to
save the retirement communi-
ty over $42,000 per year with
an annual energy savings of
over 333,500 kilowatt-hours.
The team employed rebates
and incentives that paid for
over 35 percent of the project
costs.
The combination of LED
lighting technology, modern
energy-saving features and
tax rebates can make the cost
of a lighting project financial-
ly achievable or even neutral-
ize the cost. Financing a light-
ing upgrade or new system
allows commercial building
owners and business own-
ers to get the equipment they
need to operate more effi-
ciently without a large capital
expenditure.
s
LED
