CREJ

MAY 16-JUNE 5, 2018 Bear lair Castle Lanterra Properties adds The Ranch at Bear Creek to its Denver holdings INSIDE Neighborly A neighborhood shopping center on Fort Collins’ west side trades for $9.69 million 30 Rocky Mountain buy A Silverthorne apartment property sells to a buyer familiar with mountain communities DIA landing Becknell Industrial gets underway on a 540,800-sf build-to-suit next to Denver International Airport Office 8 Indutrial 12 Rebchook RE Corner 14 Multifamily 16 Retail 18 Boulder County 26 Larimer & Weld Counties 28 Colorado Springs 29 Finance 33 Law & Accounting 34 Property Management 36 Who's News 42 12 28 16 CONTENTS FEATURED by Jill Jamieson-Nichols Owners of large CBD manufacturing firm bought a site near Watkins for $12 million. The deal included 101.39 acres with 368,147 square feet of industrial and office space at 34501 E. Quincy Ave. in Arapahoe County. The buyer was APPoGee Kazmira LLC, an affiliate of Kazmira LLC. Kazmira is an industrial-scale manufac- turer of THC-free CBD oil and isolate that has occu- pied space on site over the last year. East Quincy Holding LLC sold the property, which comprises the fenced and developed portion of East Quincy Energy Park. There are 16 buildings. Kazmira occupies 40,260 of in two of the buildings, or about 11 percent of the improvements. There are multiple other tenants on the property, which is 89 percent occupied. George Moseley of Shel- don-Gold Realty, who rep- resented the seller in the transaction, said the deal gives Kazmira an option to expand if it chooses to do so in the future. The com- pany also wants to be part of boosting the area’s economy and work with nearby farm- ers to grow hemp for its production facility, said Dr. Asha Oroskar. She and her husband, Anil Oroskar, own Kazmira and Illinois-based CBD oil producer aquires site for $12M by Jennifer Hayes San Francisco-based real estate investment firm Hamilton Zanze added to its Colorado portfolio with a $50 million acquisition in Broomfield. The firm purchased the 216-unit Willow Run Village community at 12621 Zuni St. for $231,481 per unit, or $257 per square foot. The purchase represents the 14th property the firm purchased in Colorado and the eighth in the metro Denver area. “Willow Run presents a true value-add oppor- tunity,” said David Nel- son, managing director of acquisitions for Hamilton Zanze. “We are planning an extensive interior reno- vation campaign, resulting in a strategically positioned asset in a fabulous location.” Built in 1999, Willow Run Village underwent a recent renovation to 48 percent of its units by seller Griffis/ Blessing Inc. The buyer plans to not only update select units with new stainless steel appliances, upgraded hardware and lighting fix- tures, faux wood flooring and new paint but also to improve common area ame- nities and enhance the pack- age locker area as well as refresh the on-site dog park. “Willow Run Village is a great example of what many multifamily inves- tors are seeking in Denver. It’s a late-1990s-built, val- ue-add opportunity locat- ed in an area experiencing Hamilton Zanze grows withWillow Run buy The owners of Kazmira LLC acquired 368,147 square feet of space on 101.39 acres. Please see CBD, Page 4 Please see Hamilton, Page 4 The 216-unit Willow Run Village community sold for $50 million, or $231,481 per unit.

RkJQdWJsaXNoZXIy MzEwNTM=