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by Jill Jamieson-Nichols

A local company that is

developing industrial projects

across the country is launch-

ing its first Denver develop-

ment.

Englewood-based Hunting-

ton Industrial Partners, found-

ed by former Prologis Presi-

dent and CEO John Seiple in

2010, is developing 249,505

square feet of Class A distri-

bution space on 20 acres at

the interchange of Interstate

25 and East 58th Avenue.

Cen t e rCo re Di s t r i bu -

tion Center, located at 5725-

5775 Broadway, will include

two buildings: a 177,160-sf,

400-foot-deep cross-dock facil-

ity with 32-foot-clear ceilings,

42dockdoors and three grade-

level doors, and a 72,345-sf

front-park, front-load building

with 18 docks, 30-foot ceilings

and 180-foot depth.

The infill nature of the

site drove the development,

which is just north of down-

town, next to the I-25 off ramp

at 58th Avenue, said Seiple.

“Not only do you have great

access to I-25 and I-70, you

also have access to I-76, which

may become more important

as the construction on the I-70

project goes on,” he said, refer-

ring to reconstruction of I-70

between Brighton and Colo-

rado boulevards starting next

year.

“Users are going to think

twice about locating on 70

East when they know they’re

going to have to deal with

that section of I-70,” said

Alex Ringsby of Ringsby Real

MARCH 1-MARCH 14, 2017

Distribution space comes to I-25 & 58th Please see Distribution, Page 18

Inside

4 8 20 24

CONTENTS

Metro Denver 4 Multifamily 6 Office 10 Retail 14 Industrial 16 Boulder County 20 Larimer & Weld Counties 21 Colorado Springs 24 Rebchook RE Corner 27 Finance 28 Who's News 34 CDE 40

A joint venture between

Legacy Partners, a privately

owned national real estate

firm, and USAA Real Estate

Co., broke ground on TriVista

on Speer, a 322-unit luxury

apartment community.

Previously called Legacy on

Speer, the seven-story commu-

nity situated on 2.3 acres on

Speer Boulevard between 13th

and 14th avenues is slated for

completion in early 2019.

“The close proximity to Den-

ver’s Golden Triangle and

downtown amenities make

TriVista on Speer ideal for a

luxury apartment develop-

ment,” said Spencer Stuart,

senior managing director of

Legacy Partners. “The com-

munity is being planned to

be amenity rich and to accom-

modate a healthy work/life

balance for residents that work

directly from home, in the com-

munity’s shared office space or

elsewhere in the Denver area.”

The Denver office of KTGY

designed TriVista on Speer,

which features finishes such as

stone countertops, stainless steel

appliances and gas stoves.

In addition to the property’s

business center, residents also

will have access to other ame-

nities, including an outdoor

pool and lounge; roof and sun

decks a two-level fitness cen-

ter with a spin room and yoga

studio; demonstration kitchen

and wine cellar with individual

lockers; dog spa; bicycle repair

shop and a storage area for bike

and ski equipment.

CFC Construction is the

general contractor for TriVista,

located one block south of the

Colorado Convention Center, a

light-rail station and is located

across the street fromtheCherry

Creek Trail.

Helaba is the lender for TriVis-

ta on Speer.

s

by Jennifer Hayes

Redevelopment is on the

horizon for a pair of Cherry

Creek North properties.

“Every project we do in

Cherry Creek reflects our

continued commitment to

the vitality of the district

and demonstrates our loy-

alty to its patrons, tenants

and residentswhowework

closelywith throughout the

process,” said Matt Joblon,

CEO of BMC Investments,

which purchased the prop-

erties at 240 St. Paul St.

and 240-246 Milwaukee St.

for $10.9 and $6.3 million,

respectively.

“These

acquisitions

allow us to exercise greater

control over shaping the

area spanning Second and

Third avenues between

St. Paul and Milwaukee

streets.”

The acquisitions not

only expand BMC’s com-

mitment to the invest-

ment in and redevelop-

ment of Cherry Creek but

also allow the real estate

investment and develop-

ment company to control

the St. Paul block between

Second and Third – more

than 2.5 contiguous acres

in Cherry Creek.

The rarity of one owner

owning a parcel of this

size in Cherry Creek pres-

ents an opportunity to

do a “game-changing”

project(s) that makes a

positive impact on the

community, noted BMC

Investments.

A24,000-square-foot

office and retail building

situated on an 18,750-sf

parcel is located at 240 St.

Paul. Currently, the build-

ing is 92 percent leased

with a total of 18 tenants.

The property could accom-

modate 100,000 buildable

sf and is situated to the

north of BMC’s 210 St.

Paul Street redevelopment

project – a future St. Paul

Collection property, which

will be home to one of two

luxury apartment towers.

The 240-246 Milwau-

kee assemblage is 12,500

sf with 8,759 sf of retail

space. Tenants include

Bellco Credit Union, Bliss

Nail Salon and Le Soutien.

BMC can build up to

60,000 sf at this location.

The future redevelopment

site is located directly to

the south of the second

tower in BMC’s St. Paul

Collection project at 255

Milwaukee St., currently

under redevelopment.

BMC plans to operate

the properties as is for the

time being. While it does

plan future development at

the property, the scope and

specifications have yet to

BMC expands in Cherry Creek North

CenterCore Distribution Center will be Englewood-based Huntington Industrial Partners’ first Denver

property.

Please see Cherry, Page 8 Joining forces Geoff Baukol and Chad Brue team up at Brue Baukol Capital Partners Building blocks One City Block sells for nearly $100 million Full-steam ahead Etkin Johnson Real Estate Partners will develop nearly $160 million in projects this year Keying in National investors have keyed in on Colorado Springs’ hotel market

Featured Quarterly

Legacy Partners

TriVista on Speer is targeted for an early 2019 completion.

Construction starts on luxury apartments