Colorado-Real-Estate-Journal_367709
Page 20 - October 18-31, 2023 www.crej.com a second office,” Wright added. The Boulder Group is cur- rently in lease negotiations for a physical office in Denver. Wright said the firm is looking to add an analyst for the Denver office to support brokerage efforts. While The Boulder Group is not aggressively pursuing expansion into other states, Wright noted the firm is open to continue its expansion should the right opportunities arise in other growth markets. Blank- stein said the firm will focus on getting the Denver office up and running successfully for the next year but will keep looking at other possibilities for expansion. “We think this time in the mar- ket, which is a quieter time than usual, presents some opportu- nities like this one,” Blankstein said. “So, we're going to do an ongoing evaluation of other markets that may make sense. We're trying to expand out of the Midwest, which has more lim- ited growth prospects, into areas which have greater long-term demographic growth. We're hoping to grow along with Colo- rado in general.” The Boulder Group has arranged the acquisition and disposition of more than $9 bil- lion of single-tenant net-lease transactions since its founding in 1997. The firm was ranked in the top 10 companies nationally for single-tenant transactions by both Real Capital Analytics and CoStar from 2010-2022. Other News n DENVER – Spirit Hallow- een Superstores LLC leased two adjacent properties totaling more than 12,500 square feet in the Baker neighborhood. The tenant leased 9,439 sf at 407 S. Broadway and 3,140 sf at 411 S. Broadway for a short- term, seasonal store. Corey Dulberg of NAI Shames Makovsky represent- ed the landlord, Broadway NE Properties LLC and D4 Urban. Spirit Halloween did not have a broker in the transaction. Spirit Halloween Superstores sell costumes and decorations in all 50 states and in Canada. n LYONS – Ed Regel of Regel & Associates facilitated the sale of a landmark Lyons building constructed in 1977. Spirit Hound Dog House LLC purchased the 6,914-sf build- ing at 4100 Ute Highway from Clark Brothers LLC for $1.25 million. The buyer did not have broker repre- sentation in the transaction. Seller financing is in place for 10 years, but early buyout is not allowed until after the fourth complete year on the seller financing, Regel said. The purchase adds an addi- tional building next to the buy- er’s existing business, Spirit Hounds LLC, which does busi- ness as Spirit Hounds Distillers at 4196 Ute Highway. The build- ing gives the distiller much- needed space to expand sales into other states, Regel said. The building, which fea- tures great parking, previously housed a Ted’s Hardware, then Clark’s Hardware for the past 24 years. n PARKER – Trevey Com- mercial Real Estate has signed its first two tenants at Senderos Retail Center, located at 17124 Main Street. Trevey’s Nick Beach, David Marulli and Nick Nickerson represented the landlord, locally owned Pacific North Enterpris- es LLC, in both lease transac- tions. Legends Coffee became the first tenant to sign a long-term lease at the retail center. The lease began in July. The specialty coffee shop, which is currently located in Aurora, is expanding into the Parker market with the 1,606-sf lease. Jason Ruscio of Avant Group represented Leg- end’s Coffee in the transaction. J Salon signed a long-term lease for 2,935 sf beginning in October. The independent, mother-daughter owned salon was represented by Patrick McGlinchy and Justin Greg- ory of SRS Real Estate Part- ners. Established in 2017, the salon has grown into a team of five hairstylists and one esthe- tician. The salon specializes in hair care, hair color and hair extensions and also offers skin care, spray tan, waxing and eyelash services. Senderos Retail Center is currently 79% leased with one vacancy of 1,220 sf remaining. The 5,761-sf retail center is one of the newest retail projects to be constructed in Parker. Con- struction began on the inline retail building in spring 2022 and is expected to conclude this fall. n DENVER – A property that formerly housed a salon has traded hands. Maison Forte LLC acquired the former Exquisite Salon property at 5140 S. Federal Blvd. for $1.9 million. The 5,355-sf property was built in 2008. Situated just south of the intersection of West Bel- leview Avenue and South Federal Boulevard, the prop- erty affords high visibility and ample parking. Eric L. Nesbitt of The Nesbitt Commercial Group represented the buyer in the transaction. The seller, which is listed as Fine Buildings LLC on Arapahoe County public records, was rep- resented by Doug Jennings of Re/Max Commercial Alliance. n LAKEWOOD – A former cocktail lounge with prime visi- bility at the corner of West Jewell Avenue and South Wadsworth Boulevard is home to a new ten- ant. Elevate Kava LLC, doing busi- ness as Peak Kava, has leased 3,900 sf from IRMS Holdings LLC at 7576 W. Jewell Ave. Mal- man Commercial Real Estate’s Dan Prevedel and Matt Anton were the listing brokers. Built in 1943, the property was recently updated with new finishes and paint. Its location offers high vehicle and foot traf- fic, with approximately 30 park- ing spaces and visibility to 49,238 vehicles per day. n AURORA – A national fast- casual chicken wing chain will soon open a new location at the newly revitalized Eastridge Plaza. Boulder Group Continued from Page 19 Please see Wingstop, Page 49 Ed Regel
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