Downtown trade Beacon Capital Partners acquires Union Tower West INSIDE 50 Years Haselden marks milestone Portfolio deal Investor forays into Colo. with 92-unit Lakewood buy 14 43 8 FEATURED Center switch CBRE brokers 2 retail center sales 20 CONTENTS MARCH 1-14, 2023 Office 6 Industrial 10 Multifamily 12 Retail 18 Finance 26 Law & Accounting 34 CDE News 40 Who's News 50 by Jenna Walters DENVER – Aspen Hospi- tality, the hospitality divi- sion of Aspen Skiing Co., recently invested in a down- town Denver hotel and will reposition the property. Aspen Hospitality now owns an interest in the 200- room Hotel Born at 1600 Wewatta St., though the firm declined to disclose the amount it invested in the joint venture deal with developer Continuum Part- ners. Rick Rush of CBRE represented Continuum Partners in the deal. Contin- uum Partners retains exclu- sive ownership of the adja- cent mixed-use property, including the office building at 1881 16th St., two leased retail spaces, and the Tav- ernetta and Sunday Vinyl restaurants. Opened in 2017, Hotel Born comprises 200 guest rooms, including 23 suites. The hotel features approxi- mately 14,000 square feet of Class A meeting space and an on-site restaurant. As part of the newly formed joint venture, Hotel Born will be repositioned under Aspen Hospitality’s Limelight hotel brand. The conversion will include renovations to all the guest rooms and the potential re- conception of the on-site res- taurant. The transition will take place later this year, with Hotel Born continuing Aspen Hospitality plans Denver reposition by Jenna Walters AURORA – A Class A indus- trial and logistics park under construction in Aurora is see- ing significant initial tenant interest, exemplifying a push to leasing in the airport sub- market. Hines, in partnership with L.C. Fulenwider Inc., is devel- oping the first phase of Denali Logistics Park, consisting of more than 760,000 square feet of industrial and logistics space across three speculative buildings on 57 acres near East 64th Avenue and East 68th Avenue. The project includes three buildings. The 352,600-sf Building 1 will feature 40-foot clear height and a cross-dock design. Building 2 will total 205,800 sf, while Building 3 will total 201,200 sf, and both will feature 32-foot clear height and a rear-load design. According to Hines, the site also includes abundant trailer and auto parking, fully secur- able separated truck courts, and a fenced basketball court and outdoor seating, among other amenities. Slated for completion in fall, the three buildings are being marketed for lease by Mitch Zatz, Carmon Hicks and Jason White of JLL. “Denali is strategically situ- ated right in the heart of Den- ver’s hottest big-box distribu- tion and manufacturing sub- market,” White commented on the project. “With some of the world’s most recognizable brand names selecting this area for their state-of-the-art production and logistics facili- ties, this location has defined itself as the new place to be.” According to White, initial interest has been strong, and the JLL team is in talks with multiple pro- spective ten- ants. He said the buildings can accom- modate a single user or multiple tenants, with a minimum divisibility of approximately 50,000 sf. Denali Logistics Park is zoned Airport District, which allows for warehouse/ distribution, light-manufactur- ing, high-tech industrial and e-commerce fulfillment center uses. Hines also has entertained purchase options presented by users, though the devel- oper would prefer to lease the speculative buildings, White noted. s Class A industrial park underway near DIA A rendering shows what Denali Logistics Park will look like upon completion. Jason White Aspen Hospitality will reposition Hotel Born in downtown Denver. Please see Aspen, Page 60