Colorado-Real-Estate-Journal_365469

Broadway Commons Superior Dermatology buys building for second practice INSIDE New development The Garrett Cos. unveils multifamily community in airport submarket 14 6 FEATURED Local expansion Credit Union of Colorado opens new headquarters and branch 16 CONTENTS OCTOBER 4-17, 2023 Office 6 Industrial 12 Multifamily 14 Retail 16 Finance 22 Law & Accounting 26 CDE News 32 Who's News 44 First tenant Total Tool signs lease for industrial space at Pivot Denver 12 by Avalon Jacka DENVER – The first-ever “digital food farmacy” startup has expanded its Denver office footprint. Food-as-medicine online marketplace bitewell leased 14,000 square feet for its new Denver Innovation Lab at The Hub North, located at 3660 Blake St. in the River North Art District. Bitewell relocated into its new headquarters in September following strong growth. JLL’s Guy Lachman and Trevor Curtis represented bitewell in the transaction. James Roupp, Julie Rhoades and Maddy Stevenson, also of JLL, represented the undis- closed landlord. The property is managed by ColeTaylor. “It was important to us to find a facility to implement tools and resources that will help create a healthy work environment for our team, cli- ents, friends and family,” Chief Growth Officer and co-found- er Chris Fanucchi said. “We are excited to finally move into a space that will allow us to test and learn in real time.” The facility includes features that enable the bitewell team to fulfill its mission of improv- ing the world’s health through food, including a wellness lab for employee preventive health care, a fully functional kitchen with a range top, and JLL brokers bitewell lease at The Hub North by Avalon Jacka LITTLETON – A commer- cial real estate investment and property management services provider based in Greenwood Village has sold a retail portfolio totaling 101,103 square feet. Hawkeye INVSCO sold the three multitenant shop- ping centers – Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center – to an undisclosed investor for $15.13 million. Cushman & Wakefield’s Jon Hendrick- son, Aaron Johnson and Mitch Veremeychik repre- sented the seller. There was no buyer broker involved in the transaction. “Neighborhood retail cen- ters are primarily defined by their namesake, the neighborhood,” Hendrick- son said. “In the case of all three of these properties, the various Littleton neighbor- hoods have long supported the businesses within them. The seller did a wonderful job curating a successful, sustainable tenant mix. The buyer will have an oppor- tunity to address many val- ue-add characteristics and elevate the properties into the maximum form they deserve.” Located in close proximity to each other, within a mile of C-470, all three proper- ties are located along major thoroughfares with consis- tent traffic patterns from neighborhood residents and daytime employment base. The centers are surrounded by stable and strong income demographics. Retail center portfolio sells for $15.13M Please see JLL, Page 43 Please see Hawkeye, Page 43 Caleb Tkach The startup bitewell, which began as a fully remote company and has since pivoted to a hybrid work model, required additional space to expand its demonstration capabilities and support its recent growth. The largest of the three properties in the portfolio, Marketplace at Ken Caryl is located at 10143 W. Chatfield Ave. Columbine Plaza is located at 6781-6745 Ken Caryl Ave.