Colorado-Real-Estate-Journal_421038

Page 24 - September 18-October 1, 2024 www.crej.com potential future development of the site.” In April 2023, Denver City Council approved a 75-year land lease with Swire Infra- structure Inc. for the facility. Groundbreaking is expected in third-quarter 2025, fol- lowed by delivery in late 2027 or early 2028, according to previous reporting. n DENVER – A 16,863-sf stand-alone industrial property in the Montbello submarket traded hands for $1.68 million in August. Black Rock Rentals LLC acquired the property from 10555 East 51st Avenue LLC. Pat Henry, Boston Weir and C.J. Toohey of Henry Real Estate Group represented the seller. Brandon Gouker of Madison Commercial Properties repre- sented the buyer. Henry Group’s “strategic plan- ning and determination” over- came obstacles including lending issues, deferredmaintenance and appraisal concerns to achieve a successful closing, a statement from the firm said. n CASTLE ROCK – A roof- ing contractor leased 4,050 sf of industrial space in the Gilbert Street Industrial building. Western States Contractors Ltd. signed a direct lease for its new space at 607 S. Gilbert St. with landlord DLD Properties. The lease began in September. David Marulli of Trevey Com- mercial Real Estate represented the landlord. Western StateContractors is the state’s only commercial roofing contractor that exclusively installs eco-friendly, economically viable, sustainable and renewable roof systems, a statement fromTrevey said. s Swire Continued from Page 12 family property at the corner of South Parker Road and South Peoria Street. Joint venture partners Draper and Kramer Inc., Koelbel and Co., Mile High Development and Urban Roots Develop- ment Inc. announced the first move-ins are expected at Tempo Nine Mile Station following its delivery this fall. KTGY Archi- tects is the project architect, and Brinkmann Constructors is the general contractor. “Demand is strong for high- quality housing in the Denver metro area overall, and that’s especially true in the area neigh- boring RTD’s Nine Mile Station thanks to the amenities and con- venient transit access this loca- tion offers,” said Todd Bancroft, Draper and Kramer president and CEO. “With the launch of our preleasing program at Tempo Nine Mile Station, we look forward to welcoming our first residents in the months ahead.” Located at 12150 E. Dartmouth Ave., Tempo NineMile Station is part of a 22-acre master planned development named The Point. The mixed-use development includes walkable grocery, retail, restaurants, a future park and a planned pedestrian bridge across Parker Road providing access to RTD’s Nine Mile light- rail station. The five-story luxury commu- nity offers one-, two- and three- bedroom units ranging from 542 to 1,321 square feet. The 394,000-sf building also features 3,000 sf of ground-floor retail. Community amenities include an outdoor pool, landscaped courtyard, a community room, coworking spaces, high-speed WiFi, a bike-ski-kayak storage room, a yoga studio, a rooftop fitness center and a party deck. Tempo Nine Mile Station’s transit-adjacent location offers connectivity to major employ- ers such as Anschutz Medical Campus, the Denver Tech Cen- ter, Buckley Space Force Base, Cherry Creek and downtown Denver. The property is proxi- mate to several recreational spaces, including Cherry Creek State Park, Cherry Creek Reser- voir and bike trail, and John F. Kennedy Park, golf course and soccer complex. The Point, a redevelopment of the former Regatta Plaza site, is currently in its second phase. Several new retail tenants that have opened in the proj- ect include a new King Soopers store and gas station, Key Bank, Pacific Dental and IHOP. Con- struction is expected to begin soon on the pedestrian bridge, which is expected to open in 2026. s Aurora Continued from Page 14 Packard Enterprise, Intel and Banner Fort Collins Medical Center – the daytime population is a significant contributor to the daily traffic in the area. Other News n AURORA – Gaylord Rock- ies Resort & Convention Cen- ter will increase its guest room count by 30% and add a second indoor water park, according to plans submitted to the city of Aurora. Located at 6700 N. Gaylord Rockies Blvd., Gaylord Rockies is already the largest hotel in the state, with 1,501 rooms, a convention center and an indoor water park. The net addition of 450 rooms will bring the total room count to 1,951. The expan- sionwill include a 47,000-square- foot indoor water park, as well as a 19,000-sf pavilion, according to the proposed plans. The rooms andwater parkwill be added on a parking lot south- east of the existing hotel. A total of 471 rooms will be added in the process; however, 21 existing guest rooms will be demolished to connect the expansion to the existing hotel. Nashville, Tennessee-based Ryman Hospitality Properties Inc. is the owner and developer of the resort. Atlanta-based Blur Workshop, led by Jared Davis, is the architect of record for the expansion, and Chase DF, also based in Nashville, will serve as the general contractor. Because the project is in the early propos- al stages, a groundbreaking and delivery date have not been set. n GREENWOOD VILLAGE – A 14,760-sf retail building near the Denver Tech Center traded hands for $5.5 million inAugust. Peakview Center Inc. sold the building at 9251 E. Peak- view Ave. to 215-291 Larch- mont Boulevard LLC. The fully leased multitenant asset sold at a cap rate of 7.33%. Con- structed in 2008, the building features 24-hour access, signage, tenant-controlled HVAC and a 4.34/1,000 sf parking ratio, according to a LoopNet listing. Jake Malman and Dan Pre- vedel of Malman Commercial Real Estate represented the sell- er, while the buyer was unrep- resented. n LITTLETON – A 6,355-sf freestanding retail building in the Ken Caryl neighborhood traded hands for $3.68 million inAugust. An undisclosed buyer acquired the property at 10278 Centennial Road from Star Light Enterprises LLC. The tri- ple-net investment is fully leased to three national credit tenants, including Starbucks, RowHouse and Jersey Mike’s. Sam Leger and Graham Trot- ter with Unique Properties Inc./TCN Worldwide represent- ed the seller. The buyer did not have a broker in the transac- tion. The sale underscores the “strong demand for prime retail real estate in the Denver metro area,” a statement from Unique Properties said. “We are thrilled to have facil- itated this transaction in such a prime location,” said Leger. “The combination of a modern, well-maintained building and a strong lineup of national tenants made this an exceptional invest- ment opportunity. Properties like this, with high visibility and excellent tenant profiles, remain in high demand in the Denver metro area.” s Harmony Continued from Page 18 and more. Community ameni- ties include a clubhouse and resident lounge; a resort-style pool and spa deck; a 24-hour, state-of-the-art fitness center; coworking spaces and meet- ing rooms; a game room and golf simulator; a barista cof- fee bar; a community kitchen and chef’s table; outdoor grill- ing stations; and a dog park and pet spa. The community is situated minutes from Old Town Square and Colorado State University, and is with- in walking distance to many retail, dining and entertain- ment options, including the soon-to-be-redeveloped Shops at Foothills. Located at 1855 Lefthand Creek Lane, the 181,895-sf Clo- vis Point includes 208 apart- ments and 10 townhomes, with a mix of studios, and one-, two- and three-bedroom apartments. The units range from 564 sf to 1,310 sf, aver- aging 874 sf. Monthly rents range from $1,641 to $2,736. Built in 2020, the three-story property was 96.2% leased at the time of sale. Units at Clovis Point include quartz countertops; in-unit washers and dryers; stainless steel appliances; wood-style flooring, deep-soaking tubs; patios or balconies; and more. Community amenities include a central green open space; outdoor fire pits; a dog park; a pool and spa; fitness and yoga rooms; a grill area with an outdoor kitchen; and an outdoor revolving climbing wall. The community is locat- ed near outdoor community trails and parks, shopping, dining and breweries. Roundhouse was attracted to the Colorado market by a number of factors, a state- ment from the company said. Colorado has been a leading state for in-migration since 2010 due to “strong long-term population growth and favor- able demographic terms.” Both Fort Collins and Long- mont are home to many estab- lished employers and benefit from business-friendly envi- ronments. The market also offers “relative affordability compared to other markets, alongside a high quality of life with abundant outdoor rec- reation options, making it an attractive destination for both businesses and residents,” the statement said. Roundhouse will add a total of 1,530 Class A units to its portfolio this year following the Colorado acquisitions; its purchases of Eagle’s Landing Apartments in Idaho Falls, Idaho, and Sentral First Hill in Seattle; and the groundbreak- ings of Snowfarm in Missoula, Montana, and Cloudveil in Idaho Falls. The projects total over $450 million in acqui- sitions and $150 million in groundbreakings. “We’re excited about the opportunities these new acquisitions and develop- ments represent for our plat- form, partners and teammem- bers,” said Michael Caldwell, Roundhouse managing direc- tor, investments. “Our abil- ity to identify and capitalize on opportunities in all market environments is a key driver of our success, and we look forward to continuing to add high-quality properties to our portfolio across the Western U.S.” Founded in 2008, Round- house has built a portfolio of more than 8,000 units in the Western U.S. Its portfolio includes The Vineyards, a 300- unit community in Colorado Springs, as well as properties in California, Idaho, Montana, Utah and Washington. s Roundhouse Continued from Page 1