Colorado Real Estate Journal - March 2, 2016
An affiliate of Etkin Johnson Real Estate Partners sold 51 acres of property at Broomfield Business Center along the Northwest Parkway and Via Varra Road. Etkin Johnson retained 15.46 acres within the business center for development of the Atria office buildings. Broomfield Commercial LLC, which lists is address as that of Grand/Sawka Properties LLC, paid $8.7 million for the remaining developable land, according to public records. The land is master planned for mixed-use development. Grand/Sawka, one of the Midwest’s largest private developers, didn’t return phone calls about the acquisition. In addition to the Atria site, where Etkin Johnson will develop 173,380 sf of single-story office space, Broomfield Business Center includes the Retreat at the Flatirons, a 374-acre apartment community that Etkin Johnson developed. Invesco Real Estate bought the apartments late last year for $252,674 per unit.