CREJ

Page 18 - June 17-30, 2020 www.crej.com Boulder County & U.S. 36 Corridor Request for Proposals DEADLINE EXTENDED Friday, July 31, 2020, at 1 pm Learn more online @ colorado.gov/statelandboard/publicbids Email us @ slbcre@state.co.us * 6.242 +/- acres * Zoning: PUD Accepting proposals for acquisition, long-term ground lease, or a combination. Want to purchase minerals and other oil/gas interests. Send details to: P.O. Box 13557 Denver, CO 80201 by JennaWalters Amultifamily property in Long- mont sold for $1.7 million. Colorado-based Meninx LLC recently purchased the eight-unit apartment complex at 3043 17th Ave. in Longmont from 3043 17th Ave. LLC, who has properties across Colorado and California. Pinnacle Real Estate Advisors Luke Salazar, associate adviser, and Jim Knowl- ton and Robert Lawson, prin- cipals, repre- sented both the buyer and the seller in the transaction. The residen- tial property offers eight one- and two-bedroom apartments along with assigned off-street parking. The property sold for $215,625 per unit. It was originally built in 1971, but when the seller acquired the property in 2017, it completely renovated the prop- erty’s interior and exterior. Sala- zar said the seller added granite countertops, stainless steel appli- ances, new flooring and newbath- Local buyer acquires Longmont MF by JennaWalters The renovation of a 37-year- old Boulder office building, which updated features and added square footage, is com- plete. The two-building office proj- ect at 2995 Center Green Court underwent an extensive reno- vation changing both the inte- rior and exterior facade. Owner Graham Street Realty, which purchased the property two years ago, initiated the project. Studio Architecture was the architect, Alcorn Construction was the general contractor, and Paramount Property Co. man- aged the construction. CBRE’s Erik Abrahamson and Jeremy Kroner handle leasing of the property for Graham Street Realty. The property was built in 1983, with little to no previ- ous renovations. According to Abrahamson, the renovation brought it up-to-date to fit the growing needs of prospective tenants. “The owner a l w a y s i n t e n d e d to renovate the build- ings, as they were very dated and in need of sig- nificant mod- ernization, despite a very strong, central Boulder location,” Abraham- son said. “Upon acquiring the Boulder office property renovation wraps up by JennaWalters A Boulder developer plans to bring a mixed-use commercial property to Lafayette. Tebo Properties is in the early stages of planning a 35-acre com- mercial development project at 10538 Arapahoe Road near U.S. Highway 287. The develop- ment will provide sites for retail anchors, junior anchors, in-line users and pad users. Tebo's Project Manager Steph- anie Wirth said the company anticipates having a grocery- anchor tenant, a fueling station, a hotel, retail stores, a bank and multiple restaurants.While there has been significant interest in the property, she cannot disclose prospective tenants to the public at this time. Tebo has not signed with an exclusive brokerage firm to han- dle the leasing. Wirth said its in- house leasing teamhasmanaged all the initial tenant inquiries. According to Wirth, the prop- erty’s location is prime for pro- spective tenants and future employees and customers alike. “This property is a highly traf- ficked site with excellent vis- ibility and access off of High- way 287 and Arapahoe Road,” Wirth said. “It’s also located in a high residential growth area with 2,562 platted lots in devel- opment within 3 miles and 453 single-family and multifamily dwelling units planned adjacent to the project.” Construction is set to start in 2021 with tenants being able to occupy the space by 2023. The project announcement came after Tebo purchased a dis- tribution facility 23miles away at 6901 N. Foothills Highway from seller McGuckin Hardware for $4.8 million. The55-year-old,52,300-square- foot building sits on 35 acres of land just north of downtown Boulder. The seller occupied the property for the last 40 years but no longer needed the amount of space it provides. Wirth said a new tenant for the property has not been identified, and there are no current development plans in the works. s Tebo Properties plans mixed-use development for Lafayette area Please see Longmont, Page 24 Luke Salazar New glass and wood elements give the office property at 2995 Center Green Court in Boulder a fresh, modern look. Please see Boulder, Page 34 Erik Abrahamson

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