Colorado-Real-Estate-Journal_384814

Class A acquisition Confluent and Ascentris buy fully leased ParkRidge Six building ,16,'( Direct deal Commons Park West, with 339 units, sells for $145.5 million )($785(' Community centers Portfolio with two shopping centers sells in southwest Denver &217(176 FEBRUARY 7-20, 2024 Office 6 Industrial 10 Multifamily 14 Retail 16 Hotel 18 Law & Accounting 20 Finance 21 Market Update 24 CDE News 30 Who's News 40 New ownership Hyde, Mortenson acquire Peoria Business Center portfolio E\ $YDORQ -DFND '(19(5 ² $ 'HQYHU LQGXVWULDO SRUWIROLR VROG IRU PLOOLRQ DFFRUGLQJ WR SXEOLF UHFRUGV DV SDUW RI WKH GLVSRVLWLRQ RI D QDWLRQDO OLJKW LQGXVWULDO SRUWIROLR WRWDOLQJ PLOOLRQ VTXDUH IHHW Stockbridge Capital Group VROG WKH SRUWIROLR NQRZQ DV 3URMHFW 5HG+DZN LQ IRXU VHSDUDWH WUDQVDFWLRQV WR WZR GLIIHUHQW EX\HUV LQ 'HFHP EHU DQG -DQXDU\ 7KH EURDGHU SRUWIROLR LV FRPSULVHG RI EXLOGLQJV LQ IRXU VXE SRUW IROLRV LQFOXGLQJ 0RQWEHOOR ,QGXVWULDO 3RUWIROLR LQ 'HQ YHU *DWHZD\ 8QLYHUVLW\ 3DUN , ,, LQ 7HPSH $UL]RQD -XQFWLRQ %XVLQHVV 3DUN LQ 6DQ -RVH &DOLIRUQLD DQG 3RZHU OLQH %XVLQHVV 3DUN LQ 3RP SDQR %HDFK )ORULGD Jim Carpenter DQG Will Strong RI Cushman & Wake- field’s 1DWLRQDO ,QGXVWULDO $GYLVRU\ *URXS ZLWK IAG’s Kirk Kuller, Michael Match- ett, Molly Hunt, Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Jeff Chiate, Rick Ellison DQG Mat- thewLeupold, LQSDUWQHUVKLS ZLWK &XVKPDQ :DNHILHOG·V Robert Buckley, Tracey Car- tledge, Scott Prosser, Steve Hermann DQG Jack Depuy, UHSUHVHQWHG DOO SDUWLHV LQ WKH VHSDUDWH WUDQVDFWLRQV ´/LJKW LQGXVWULDO EXLOG LQJV DQG WKH QLFKH VPDOO ED\ DVVHW FODVV UHPDLQ LQ KLJK GHPDQG E\ RFFXSLHUV DV WKH\ FDQ DFFRPPRGDWH D YDULHW\ RI XVHU W\SHV DQG WKHUHIRUH WKLV SURSHUW\ VHJPHQW FRQ WLQXHV WR H[SHULHQFH VWURQJ GHPDQG IURP LQYHVWRUV µ 6WURQJ VDLG ´$GGLWLRQDOO\ WKH ODFN RI OLJKW LQGXVWULDO Stockbridge sells light-industrial portfolio E\ $YDORQ -DFND 0($' ² $ %RXOGHU EDVHG JUHHWLQJ FDUG FRPSDQ\ DQG D &DOLIRUQLD EDVHG VHHG FRP SDQ\ VLJQHG OHDVHV DW D QHZ LQGXVWULDO GHYHORSPHQW Leanin’ Tree VLJQHG D \HDU OHDVH WR RFFXS\ DOO RI %XLOGLQJ DW (OHYDWLRQ ORFDWHG DW (OHYDWLRQ 'ULYH UHORFDWLQJ IURP LWV FXU UHQW *XQEDUUHO ORFDWLRQ 7KH VTXDUH IRRW VSDFH ZLOO VHUYH DV /HDQLQ· 7UHH·V QHZ FRUSRUDWH KHDGTXDUWHUV DQG LV H[SHFWHG WR EH RSHUD WLRQDO E\ WKH IRXUWK TXDUWHU 7KH EXLOGLQJ LQFOXGHV IRRW FOHDU KHLJKW GRFN KLJK GRRUV IRXU GULYH LQ GRRUV DQG SDUNLQJ VSDFHV (VWDEOLVKHG PRUH WKDQ VHYHQ GHFDGHV DJR /HDQLQ· 7UHH LV D SURPLQHQW JUHHWLQJ FDUG FRPSDQ\ ZLWK PRUH WKDQ JUHHWLQJ FDUG GHVLJQV ,WV SURGXFWV DUH GLVWULEXWHG QDWLRQZLGH YLD UHWDLOHUV LQWHUQDWLRQDO GLV WULEXWRUV GLUHFW FDWDORJ DQG RQOLQH VDOHV Renee’s Garden Seeds OHDVHG VI LQ %XLOGLQJ ORFDWHG DW (OHYDWLRQ 'ULYH IRU D VHYHQ \HDU WHUP 5HQHH·V *DUGHQ 6HHGV RIIHUV YHJHWDEOH IORZHU DQG KHUE VHHGV LQ RQO\ QRQ *02 YDUL HWLHV Dawn McCombs DQG Ryan Almaleh RI Avison Young UHSUHVHQWHG WKH ODQGORUG SURMHFW RZQHU DQG GHYHORSHU Silver Point Development, LQ WKH OHDVH WUDQVDFWLRQV Scott Reichenberg, Neil Lit- tmann DQG Layne McBride RI The Colorado Group Inc. 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Nancy Lindo of Viewfinder Photography Leanin’ Tree will operate its corporate headquarters out of Elevation25, occupying all of the 109,676-square-foot Building 2. Renee’s Garden Seeds will occupy 27,777 sf in Building 1.