Colorado Real Estate Journal - July 1, 2015
Property Location: 3316-3376 W. 96th Circle, Westminster, “The Environs Apts” Property Description: 318-unit rental community containing 110 apartments, 94 townhomes, 71 patio homes and 43 singlefamily, 383,650 sf, YOC 1984 Land Size: 33 acres +/- Sales Price: $64.92M, or $204,153 per unit, or $169.22 per sf Closing Date: 6/10 Reception No.: 2015000044029 Grantor: The Environs LLC, c/o Hamilton Zanze Real Estate Investments, Mark Hamilton & Tony Zanze, principals, 415- 561-6800 Grantee: Seagate Environs Associates LLC (Brian Johnson, VP acquisitions,) 303-825- 0660, & Line Leader I & II (Kunz Inv. LLC, Greg Kunz, 509-744-0400) Financing: $46.5M payable to CBRE Capital Markets Inc., due 7/1/25 Comments: Dan Woodward, David Potarf & Matt Barnett of CBRE, Inc.’s multifamily team listed the property. The property was 95% occupied at time of sale with an average size unit of 1,206 sf, with rental rates reflecting $1.15 per sf average. Kurt Houtkooper of the seller oversees acquisition and disposition of properties. Property Location: 475 Russell, Thornton, “Sunset Peak Apts.” Property Description: 184-unit, two-story apt. complex with 15 buildings plus 1,600- sf rental office, 173,584 sf rentable area, frame const., YOC 1977 Land Size: 12.06 acres Sales Price: $26.83M, or $145,815 per unit, or $154.56 per sf Closing Date: 6/10 Reception No.: 2015000044725 Grantor: WSV Peak LLC c/o Will Max Capital, Inc. Grantee: Capital Real Estate – Sunset Peak LLC (Dan Levin, managing director, 303- 260-4476, & Jason Wine, director of acquisitions, 303-260-4308) Comments: The property was listed by JLL Denver Multifamily division’s Pat Stucker, 303-260-6518, & Ray White, 303-260-6502. There are 24 1-bed/1-bath units @ 596 sf; 124 2-bed/1.5-bath townhome style @ 946 sf; 36 2-bed/1.5-baths townhome style @ 1,166 sf. Property Location: 16180 Colorado Blvd. & 4115 E. 160th Ave., “Thornton Gateway” Property Description: Vacant land Land Size: 205.98 acres Sales Price: $5.5M, or $26,703 per acre Closing Date: 5/27 Reception No.: 2015000043650 Grantor: FirsTier Bank (Michael J. Nelson, chairman) 402-421-6226 Grantee: Havana and Iliff LLC, (Gary H. Schlatter, mgr.), 303-783-9499 Financing: $2.67M payable to FirsTier Bank, amortized over 20 years, balloon in five years @ 4.5%. Comments: The property was located on the NEC of E. 160th Ave. & Colorado Blvd. Brochure by Thornton Gateway Properties shows the property was 203 usable acres and was planned for 3,500 residential units, 750,000 sf of mixed-use and commercial retail and office space, plus 32 acres of parks and civic space to serve the community. This property is on the last leg of the North Metro FasTracks line. Transaction was a distressed deal with the bank as the original developers filed bankruptcy. The parcel containing 203.85 acres has been annexed to the city of Thornton. The 2.13 acres on the hard corner of the NEC of Colorado Blvd. & E. 160th Ave. has not been annexed. Property Location: 7626 Brighton Road, Commerce City Property Description: 24,539-sf auto dealership showroom and 27,500-sf service garage, metal const., YOC 1979 Land Size: 7.8 acres Sales Price: $5.25M, or $100.89 per sf Closing Date: 6/5 Reception No.: 2015000042928 Grantor: GEP Investments Inc. (George Eidsness, pres.) 303-227-0575 Grantee: APCO 12 LLC (Bruckner’s Truck Sales) 877-317-4164 Comments: Vacant building as Transwest Trucks (grantor) is relocating to new site in the area. The property was rezoned to I-2 for the entire site. Property is located on the NEC of E. 76th Ave. & Brighton Road. Property Location: 650 W. 106th Ave., Northglenn Property Description: 30,002-sf warehouse, includes 3,500-sf office area, precast rock const., YOC 1973 Land Size: 2.77 acres Sales Price: $4.24M, or $141.41 per sf Closing Date: 6/5 Reception No.: 2015000043632 Grantor: Cross Development CC Northglenn LLC (Steve Rumsey, pres.) Grantee: West Coast Highway LLC, (Debra Lynn Barlow, mgr.) Financing: $2.76M payable to Bank of the West Comments: Kent McNaughton of McNaughton Cos. purchased the property for an investment as Caliber Collision. New 15-year lease with a going-in cap rate of 7%. Marcus and Millichap – Mansour & Associates (Alvin Mansour), 858-373- 3187, negotiated the transaction. Includes 3 ramped dock doors, 3 drive-in doors and 1 oversized door, sprinkled with floor drains, exhaust system and paint booth.
Property Location: 15400 E. Evans Ave., Aurora, “Bella Terra @ City Center” Property Description: 304-unit, two- and three-story apt. complex, 205,432 sf (net rentable area), frame const., YOC 1980, renovated in 2011 Land Size: 10.55 acres Sales Price: $37.6M, or $123,684 per unit, or $183.03 per sf Closing Date: 1/15 Grantor: GPP Countryside LLC, c/o Granite Peak Partners, Inc., by: Lormac Properties LLC (Bruce Savett, mgr.) 805-259-3040 (direct) Santa Barbara CA Grantee: Star Bella Terra LLC, c/o Steadfast Cos., (Kevin J. Keating) Financing: $26.3M payable to PNC Bank (70% LTV) Comments: There are 64 studio units @ 400 sf that rent for $702/mo. (projected $780/ mo); 72 1-bed/1-bath units @ 610 sf rent for $833/mo. (projected $910-$1,020/mo.); & 168 2-bed/1.5-bath units @ 809 sf rent for $955/mo. (projected $1,020-$1,030/mo.) Grantor company phone is 825-892-4900, www.granitepeakpartners.com. Seller has spent approximately $21,385 per door in capital expenditures from 2008 to date of closing. Estimated operating expenses for this property is $3,875 per door, not including reserves, capital expenses or vacancy, while the average rental rate is $1,017/mo., or $1.51 per sf. This is the third property the grantee has purchased in Colorado (Orchard Hills Senior, an 88-unit in Thornton & The Oasis, a 252-unit apartment complex in Colorado Springs). There are 488 parking spaces including 58 carports. Property Location: 2220 S. Peoria St., Aurora, “Iliff Commons” Property Description: 75,459-sf neighborhood shopping center, masonry const., YOC 1980 Land Size: 6.99 acres Sales Price: $11.2M, or $148.43 per sf Closing Date: 6/4 Reception No.: D5058711 Grantor: Bass Cahn Properties LLP (Harris A. Cahn, mgr.) Grantee: IC Investments LLC (Richard O. Campbell II, mgr.) Financing: $7.9M payable to Wells Fargo Bank, NA, due 6/5/18 Property Location: 501 W. Hampden Ave., Englewood, “Former Bank of West” Property Description: 7,690-sf retail building, YOC 1968, renovated in 2015 into a two-tenant retail building with 24 parking spaces Land Size: 22,521 sf Sales Price: $4.5M, or $457.21 per sf, or $27.15 per sf (buildable sf) Closing Date: 5/29 Reception No.: D5062094 Grantor: Drake 501 West Hampden Partners LLC (c/o Sawbuck Properties LLC, Jonathan H. Hardy, pres.) 303-825-5525 or hardy@drakeres.com Grantee: 501 Hampden LLC (Dr. Louis N. Ashkar & Georgette Ashkar, mgrs.) Financing: $3.45M payable to Guaranty Bank & Trust Comments: Seller renovated the space into two suites, one is the Corner Bakery restaurant and the other is Brident Dental Office. Property Location: 7193 S. Dillon Court, Englewood Property Description: 22,680-sf, two-story office/warehouse, masonry const., YOC 2002 Land Size: 1.46 acres Sales Price: $2.5M, or $110.43 per sf Closing Date: 6/2 Reception No.: D5058072 Grantor: Belt Investments LLC (Hayle Belt Jr., pres.) Grantee: Freedom Service Dogs, Inc. (Sharan Wilson, exec. director) 303-922- 6231, www.freedomservicedogs.org swilson@freedomservicedogs.org Comments: Property was listed and sold by CBRE, Inc. Building has 57% office finish and 43% warehouse finish, sprinklered. Tyler Reed of JLL represented the buyer. The buyer also purchased the site located to the north that was listed by Greg Knott of Unique Properties LLC. A board member purchased the site for the buyer and will subsequently sell it to Freedom Service Dogs. The lot was listed for $225,000 and contains 1.15 acres. At the ime of publication, this transaction had not been transferred. Lot will be combined with 7193 S. Dillon Court and will be one property, giving the buyer a total of 2.6 acres for its use. Buyer will relocate to this property once renovation is complete. Property Location: 6750 S. Emporia St., Centennial Property Description: 7,226-sf, two-story office/warehouse, masonry const., YOC 1967 Land Size: 20,962 sf Sales Price: $875,000, or $121.09 per sf Closing Date: 6/15 Reception No.: D5062874 Grantor: Capra Investment Company LLLP Grantee: Emerald Comments: Phil Yeddis with Unique Properties LLC negotiated the sale for the seller, Tony Capra. Justin Soliman, with Executive Realty & Investments - MB, represented the buyer. The seller has been in the building for 23 years and will stay for six months until it finds an exchange property for Capra’s lumbing business. The buyer will gut the building and/or expand the building for his jewelry business. His location is directly across the street from his competitor, The Shane Co.
Property Location: 5450 Western Ave., Boulder Property Description: 25,432-sf, two-story office building, YOC 1984 Land Size: 42,251 sf Sales Price: $4.43M, or $173.99 per sf Closing Date: 6/1 Reception No.: 03449671 Grantor: Square Six LLC (S. John Archuleta, mgr.) Grantee: Boulder Community Health Property Location: 7915 Plateau Road, Longmont Property Description: Misc. improvements (land value), 80 homes planned Land Size: 18.91 acres Sales Price: $3.1M, or $3.76 per sf, or $38,750 per lot Closing Date: 6/5 Reception No.: 03450647 Grantor: Clover Basin Ranch II LLC (Jack D. Kelly & Rudy C. Bruehsel, mbrs.) Grantee: DFH Clover LLC c/o Dream Finders Homes (Patrick Zalupski, pres.) Financing: $2.5M payable to seller, due 6/1/16 Comments: Property is located on the east side of Plateau Road, directly south of Renaissance filing No. 4; ½ mile north of 79th St. & Plateau Road ntersection. Property is raw land without entitlements or utilities. Property Location: 75 Manhattan Dr., Boulder Property Description: 23,178-sf, two-story office building, brick const. with balconies, YOC 1973 Land Size: 1.34 acres Sales Price: $3M, or $129.43 per sf Closing Date: 6/8 Reception No.: 03451183 Grantor: Manhattan Plaza LLC (David A. McMahon & Dawn M. Suitts, mbrs.) Grantee: Manhattan Fortress LLC (Charles P. Rahe & Emily R. Greenberg, mgrs.) Financing: $2.25M payable to FirstBank, due 6/15/25 Comments: Property listed and sold by Gary A. Abousssie, Jessica Cashmore, Scott Reichenberg & Neil Littmann of Colorado Group, 303-449-2131. isting broker’s information reflected a 7.1% cap rate based on 4% actual vacancy and expenses at $4.63 per sf. Property Location: 1850 Lefthand Circle, Longmont Property Description: 58,904-sf warehouse, twin tee const., YOC 1977 Land Size: 1.5 acres Sales Price: $2.75M, or $46.69 per sf Closing Date: 6/15 Reception No.: 03453036 Grantor: Beaver Creek Investments LLC (Michael E. Seavall, mgr.) Grantee: Highland Properties 2515 LLC intermediary for B.F.S.L Holdings Financing: 1031 exchange, $361,277 payable to Intermediary; $2.31M @ 5.25%, due 8/14/15, payable to FirstBank Comments: Property listed and sold by Jason Kruse, CCIM, of Colorado Group, 303-449-2131, Ext. 149. Property listed for sale at $2.78M or lease at $4- 5.50 per sf triple net. There is approximately 30,000 sf of cooling in the warehouse. Contact Jason@coloradogroup.com. Includes two grade-level doors, two dock-high doors, 20-foot ceiling. Property Location: 9800 N. 119th St., Longmont Property Description: 3,780-sf manufacturing building, metal const., YOC 1980 Land Size: 7.6 acres, zoned Industrial with special use for storage Sales Price: $825,000, or $2.50 per sf (land) Closing Date: 5/29 Reception No.: 03451750 Grantor: PDK Investments LLC (Kevin D. Braly, mgr.) 303-772-2279, c/o Cap Excavating & Demolition Grantee: Sonia Locke, 303-702-1973 or Sonia@thelockes.us Comments: Property sold in October 2014 for $380,000. Buyer is a licensed real estate broker who purchased the property to use as a manufacturing facility. Mike Wafer & Bruce Mawhinney of Newmark Grubb Knight Frank listed the property for sale when it sold to PDK in October 2014. The site was used as a construction landfill, has some flood plain issues, and is not incorporated into Longmont, thus no water and sewer services are available to he site. Locke conveyed the property to C & J Enterprises LLC, based out of Loveland. Jeffrey E. Johnson is one of the members of this LLC. Includes two overhead doors (14’ x 16’). Property Location: 1 South Main St., Longmont Property Description: Used car lot with 736 sf office & 1,612-sf service garage, Land Size: 36,327 sf Sales Price: $560,000, or $15.42 per sf (land value) Closing Date: 6/5 Reception No.: 03450662 Grantor: Bruce A. Nerison, Sioux Falls, South Dakota, 605-338-1078 Grantee: EAT-1508 LLC (Tebo Dev. Co., Mike Verhoogen, mgr.) 303-447-8326 Comments: Property is located on southwest corner of First Ave. and Main St. in Longmont and has been a used car sales lot. Property was listed for lease at $5,000 per month triple net. B.A. Nerison Jr., the seller, handles the business end of auto sales in Sioux Falls, S.D.
Property Location: 1307 7th St. & 1338 First St., Denver, “Elitch Gardens” Property Description: 53-ride theme park with 6 roller coasters Land Size: 62.44 acres Sales Price: $140M, or $51.48 per sf (land value) Closing Date: 6/5 Reception No.: 2015075788 Grantor: CLP Elitch Gardens LLC, c/o CNL Lifestyle Properties Inc. (Tracey B. Bracco, VP) 800-522-3863 Grantee: KSE Elitch Gardens/Revesco/ Second City LLLP (Rhys Duggan, pres.) Comments: See Denver County Assessor Parcel Number(s) 02335-00-040 & 02338- 00-019. The group consists of Kroenke Sports & Entertainment and Rhys Duggan of Revesco Properties. Buyer plans to keep theme park in operation with Premier Parks LLC as the current operator of the park and will upgrade the property with a multimillion-dollar, six-story water-slide. Brian Cuje, 303-551-7750, is executive vice president of the company. The website of the buyer is www.revescoproperties.com with Kroenke Sports & Entertainment. The operator of the park pays a guaranteed lease payment to the new owner. Properties were originally leased to PARC Management under a 22.5-year lease with three 10-year options, triple net lease, in April 2007, and CNL terminated its agreements with PARC in March 2011, appointed Herschend Family Entertainment, then transferred to Premier Parks LLC in 2013. Property Location: 1100 15th St., Denver Property Description: Vacant office land Land Size: 39,306 sf Sales Price: $17.97M, or $457.21 per sf, or $27.15 per sf (buildable sf) Closing Date: 5/29 Reception No.: 2015069282 Grantor: 1415 Lawrence Arapahoe Ltd., by: KAI Brothers, Inc., c/o Global Pacific Properties, Inc. (Michael Law, VP) 303-694- 0060 Grantee: 1144 Fifteenth Partners LLC 1515 Wynkoop, Ste. 800, Denver, CO 80202 c/o Hines, Charles Elder & Jay Despard, managing directors, 713-621-8000 Financing: $158.9M payable to Wells Fargo Bank, NA, due 5/29/19 Comments: Grantee is planning to build 662,000-sf office tower with 40 stories. The first floor will contain 6,000-sf ground-floor retail space, 13 floors of parking plus contain retail, restaurants & fitness center. The building will contain 25,000-sf floor plates and 10-foot ceilings. Jones Lang LaSalle will handle the leasing and the property is scheduled to be completed in 2018. Hines Holding Inc. is based out of Houston, with Mark A. Cover, senior managing director/ CEO. Transaction was handled by Mary Sullivan, John Jugl & Eric Tupler of HFF. Property Location: 1730 Blake St., Denver Property Description: 56,378-sf, four-story office building, brick const., YOC 1960 (renovated in 2006) Land Size: 18,772 sf Sales Price: $17.9M, or $317.50 per sf Closing Date: 5/29 Reception No.: 2015069135 Grantor: 1714 Blake St LLC (Barry Hamilton, mgr.) 303-864-0556, Ext. 1200 Pennsylvania St., Ste. 100, Denver, CO 80203 c/o www.redcanyonsoftware.com Grantee: 1730 Blake LLC c/o Stoltz, Inc., Bala Cynwyd, PA, 610-667-5800 Financing: $9.86M payable to Guaranty Bank & Trust, due 5/26/20 (55%) Comments: Concentra – Urgent Care is located on the first floor, Mulhern Group is on the fourth floor. Property Location: 789 Sherman St., Denver Property Description: 101,149-sf, six-story office building, YOC 1973 (renovated in 1996) Land Size: 68,751 sf Sales Price: $9.95M, or $98.37 per sf, or $144.73 per sf land Closing Date: 6/2 Reception No.: 2015071982 Grantor: 789 Sherman Street LLC (Amy Schuktheis, mgr.) 303-484-8925 Grantee: Sherman Point Ventures LLC, c/o Centrepoint Properties (Tucker Manion, pres. & managing broker) tmanion@ cpointproperties.com Financing: $7M due 6/1/25 payable to Wells Fargo Bank, NA; $1M due 6/10/25 payable to Wells Fargo (total $8M) (80.4% LTV) Comments: Grantee is located at 1616 17th St., Ste. 470, Denver, 303-297-3137. Grantor works for TimBer LLC and is located at 1350 17th St., Ste. 150, Denver. The property was listed with Jon Treter & Ben Gilliam at Coldwell Banker Commercial Alliance. Property Location: 3000 Inca St.; 3019 Huron St.; 3103 Huron St., Denver Property Description: Vacant land, zoned C-MX-12 Land Size: 70,917 sf Sales Price: $5.54M, or $78.15 per sf Closing Date: 5/28 Reception No.: 2015068312 Grantor: Mountain Organic Farms LLC (Chris Dinsdale, mgr.) 970-522-3766 Grantee: Westfield-Prospect LLLP (Randy M. Schwartz, Richard G. McClintock, Kevin McClintock & Richard Wham) 303-298-1111 Property Location: 840 Cherry, Denver, “Melrose Place” Property Description: 17-unit, three-story apt. building, 8,949 sf, brick const., YOC 1967 Land Size: 6,350 sf Sales Price: $2.4M, or $141,178 per door, or $268.19 per sf Closing Date: 5/22 Reception No.: 2015068562 Grantor: Coco’s Palace LLC (Ryan D. Geiser, mbr.) Grantee: BPS NV III LLC (Susan Payne, mgr.) Financing: $1.42M payable to JPMorgan Chase, due 6/1/45 Comments: The property was listed and sold by Kyle Malnati, kmalnati@madisonprops.com, & Greg Johnson, gjohnson@ madisonprops.com, of Madison Commercial and a 1031 exchange was facilitated. The property previously sold in April 2014 for $1.61M. There are 11 parking spaces. Property Location: 1) 2440-2450 Ogden St., 2) 3501-3549 High St, Denver Property Description: 1) six-unit, twostory apt. building, 4,328 sf, brick const., YOC 1956; 2) 11-unit, one-story apts., 8,060 sf, brick/frame const., YOC 1960 Land Size: 1) 6,250 sf 2) 33,700 sf Sales Price: $1.45M, or $85,294 per door, or $117.05 per sf Closing Date: 5/22 Reception No.: 2015067883 Grantor: Denver Northeast Associates LP, (Bertram A. Bruton, GP) c/o www.babassociates.net or bbruton@babassociates.net, 303-388-4314 Grantee: Denver NE LLC (21.5%) & TIC SP 135 LLC, Benjamin O. Agin, mgr.) Financing: $1.13M payable to TCF National Bank, due 5/27/22 Comments: The two properties were listed by Craig Stack, 720-833-4602, & Bill Morkes, 303-283-4583, of Colliers International. The property is encumbered with a project based Housing Assistance Payment (HAP – Section 8) contract through February 2016 and was assumed by the grantee. Total of 17 units, 12,388 sf. Property Location: 2426 S. Federal Blvd., Denver Property Description: 5,538-sf retail building, YOC 1956 Land Size: 33,594 sf Sales Price: $1.2M, or $216.69 per sf Closing Date: 5/22 Reception No.: 201506153 Grantor: Star-Tek Holdings LLC (Kimberly Gaetano, mgr.) Grantee: 2426 S. Federal LLC (Donald Friend II, mgr.) 913-213-5402 Comments: 420 Wellness, a marijuana dispensary, is located at this address and buyer acquired the property for investment purposes. According to the statement of authority recorded, the principal contact is an attorney, Donald Friend II, based out of Prairie Village, Kansas. Property Location: 3220 W. 20th Ave. & 3201 W. 19th Ave., Denver Property Description: 4-unit apt., 2,386 sf, YOC 1954 (and vacant land) Land Size: 18,380 sf Sales Price: $1.1M, or $59.85 per sf land Closing Date: 6/1 Reception No.: 2015071954 Grantor: Florence D. Pierson Grantee: 1920 LLC (Jesse R. Truman, mgr.) 303-653-6006 Financing: $777,000 due 6/1/25 payable to Commerce Bank Comments: Grantee is located at 1780 S. Bellaire St., Ste. 500, Denver, CO 80222. Property Location: 2035 S. Broadway, Denver Property Description: 5,538-sf retail building, YOC 1956 Land Size: 12,500 sf Sales Price: $1M, or $180.57 per sf Closing Date: 5/28 Reception No.: 2015068191 Grantor: Constantino Mavrocefalos Trust Grantee: 2035 SB LLC (Jon C. Cook, mgr.) Financing: $800,000 seller finance @ 5% amortized over 20 years, due 2025 Comments: Property listed by Axio Commercial Real Estate’s John Livaditis. Property Location: 1551 S. Pearl St., Denver Property Description: 1,257-sf (restaurant conversion), masonry const., YOC 1918 Land Size: 6,250 sf Sales Price: $930,000, or $739.86 per sf Closing Date: 5/18 Reception No.: 2015068010 Grantor: Rita Beth Quinn Marshall & James B. Marshall Grantee: 1551 South Pearl Street LLC (Patrick Finney, mgr.) 303- 929-1333 Financing: $697,500 payable to ANB Bank, due in one year Comments: Listing broker was Leuthold Commercial Properties, David Leuthold, 303-871-9000, or Tony Leuthold, 303-744-8338. Patrick Finney is a real estate broker with Finn Real Estate and represented himself in the transaction, Patrick@finnre.com. Property was constructed as a singlefamily residence and converted to “Gaia Bistro & Rustic Bakery,” 303-777-5699. Property Location: 1518 Quitman St., Denver Property Description: 1,179-sf house, YOC 1953 (land value) Land Size: 9,375 sf Sales Price: $534,000, or $56.96 per sf Closing Date: 6/2 Reception No.: 2015072166 Grantor: High Road Property Corp (Larry Grange, pres.) Grantee: EFG-South Sloans Lake 1 LLC (Cameron Bertron, SVP) 303-903-7615 Comments: This sale is part of a large assemblage involving the St. Anthony Central Campus redevelopment with EnviroFinance Group. Email for Cameron Bertron is C.Bertron@enrironfinancegroup.com
Property Location: 8591-8599 Prairie Trail Dr., “Prairie Trail Business Park” Property Description: Industrial flex buildings @ 23,218 sf, YOC 2004; 15,200 sf, YOC 2004; 41,953 sf, YOC 2004 (total of 80,371 sf) Land Size: 7.9 acres Sales Price: $10.6M, or $180.57 per sf Closing Date: 5/28 Reception No.: 2015068191 Grantor: ARI Prairie Trail LLC c/o Adler Realty Investments Inc. (Michael S. Adler, pres.) 818-884- 2200, Woodland Hills, CA 91367 Grantee: Woodspear Prairie Trail LLC (John A. Woodward, mgr.) Comments: Property listed by Tyler Carner, Jeremy Ballenger, Todd Witty & Doug Viseur of CBRE. Rick Gable, managing director, acquisitions & investor relations, 818-480-5502, & Chris Engel, 818-480-5501, senior director, acquisitions, are involved in the acquisition of investment real estate for the seller. Property Location: Vicinity NWC Jordan Road & Cottonwood Dr., Parker Property Description: Vacant lots Land Size: 17.615 acres, or 105 lots Sales Price: $3.99M, or $5.20 per sf, or $38,000 per lot Closing Date: 5/29 Reception No.: 2015037052 Grantor: C & J Land Investments LLC, et al., (Scott Carlson, Clay Carlson, Kent Carlson, 303-457- 2966, & Colorado Venture III LLC (Donna J. Fudge, mgr.) Grantee: Lennar Colorado, 303-754-0600 Comments: Paper platted lots, zoned but not finished. Rob Spies is director of marketing and may know the price range of the homes to be developed on this property, 303-507-9393. Conveyance did not include tracts, streets or open space. Property Location: 12245 Lioness Way, Parker Property Description: Vacant land Land Size: 0.84 acres Sales Price: $575,000, or $15.81 per sf Closing Date: 5/28 Reception No.: 2015036161 Grantor: L & L Investments LLC (Rick Campbell, mgr.) Grantee: United States Beef Corp., (Lynn Conard, VP of development) Comments: Buyer is planning to construct an Arby’s fast-foodrestaurant. The location is south of Lincoln Ave., west of Lioness St. and approximately 900 feet west of S. Peoria Way. Larry Hill, 720-530-5759, is the real estate manager in Denver area and Kyle Underwood of Legend Real Estate has exclusive buyer agency with grantee, 720-529-2886.