News

Cushman & Wakefield has announced the successful sale of Corporate 25, a premier three-building, multi-tenant office campus located at 7200 South Alton Way in Centennial. The property, comprising 134,598 square feet of net rentable area on 6.64 acres, was acquired by Greenwood Village-based NexGen Properties, a private real estate acquisition, development and investment firm, in an all-cash transaction for…

Brinkman Real Estate, co-founded by Steamboat Springs resident Paul Brinkman, has announced the sale of Sundance at Fish Creek to a private real estate investment trust after six years of ownership. The 67,000-square-foot retail and office center is located at 225 Anglers Drive at the corner of U.S. Highway 40 and Anglers, making it very…

by Avalon Jacka WHEAT RIDGE – A formergrocery-store-turned-neighborhood-retail-center has traded hands for an undisclosed price. CentrePoint Properties acquired Gold’s Marketplace, a 59,903-square-foot neighborhood retail center situated on 3.5 acres on the northwest corner of Kipling Street and West 26th Avenue, from Quannah Partners. Cushman & Wakefield’s Jon Hendrickson, Aaron Johnson and Mitch Veremeychik represented the…

Cushman & Wakefield announced the firm has advised the sale of a 104,702-square-foot midrise office building on nearly ±7 acres in the sought-after northern submarket of Colorado Springs. Known as Tech Center VI and located at 5575 Tech Center Drive, the multi-tenant property was 97% leased at closing to 17 tenants, most in the aerospace &…

Cushman & Wakefield has arranged the sale of Virginia Village Shopping Center, a neighborhood shopping center located at South Holly Street and East Florida Avenue in southeast Denver. A Denver-based private partnership acquired the property from Denver-based Virginia Village Associates LTD for an undisclosed price. Originally built in 1957 and most recently renovated in 2020,…

Specialty outdoor retailer REI Co-op will open a store at The Marketplace at Centerra in Loveland summer of 2024. REI’s presence in Colorado began in 1983 with its first store in Denver. Loveland will be the co-op’s tenth location in the state. “REI’s presence in Colorado began in 1983 with our first store in Denver. Loveland will be our tenth location in the state,” said Janet…

ENGLEWOOD – A boutique office building in Inverness Business Park has found a new owner. San Francisco-based Graham Street Realty sold the 51,527-square-foot building to Greenwood Village-based NexGen Properties in an all-cash transaction for an undisclosed price. The two-story multitenant asset located at 384 Inverness Parkway sold “well below replacement cost,” according to a press…

ENGLEWOOD – A local real estate firm has acquired an office property from a private, San Francisco-based real estate investment firm. Broomfield-based Certus bought the multitenant Pyramid Pointe office building, located at 9777 Pyramid Court, from Graham Street Realty for $9.9 million, according to public records. The asset was 78% leased at the time of…

Greenwood Village-based NexGen Properties, a private real estate acquisition, development, and investment firm, has purchased a 51,527-square-foot two-story, multi-tenant boutique office building located at 384 Inverness Parkway, in an all-cash transaction for an undisclosed price well below replacement cost. Cushman & Wakefield’s Aaron Johnson and Jon Hendrickson represented the seller San Francisco-based Graham Street Realty in the sale. Constructed in…

The correlation between interest rates and capitalization rates has always been obvious to our industry. As interest rates move, cap rates follow in the same direction. The degree to which they fluctuate- in concert with one another is nuanced and depends on risk assessments or supply and demand forces. Similarly, there is correlation between the…