Colorado-Real-Estate-Journal_423399

INSIDE 12 6 FEATURED 15 CONTENTS OCTOBER 2-15, 2024 Office 6 Industrial 10 Multifamily 12 Retail 15 Finance 20 Law & Accounting 24 CDE News 26 Who's News 35 10 Metro office campus Metropoint I and II sell for first time in two decades Quantum computing CSM begins work on technology hub following site purchase Colorado expansion S2 Capital enters market with 201- unit multifamily acquisition Recovery services Lakewood acquires retail building for overnight shelter by Avalon Jacka ENGLEWOOD – A 300- unit multifamily community northeast of the East Hampden Avenue-South University Bou- levard intersection sold for $135 million in September. SE Artisan Kent Place LLC, an entity of Sequoia Equities, bought Kent Place Residences from Kent Place Holdings LLC, an entity of J.P. Morgan Asset Management. Situated on 5.85 acres at 3465 S. Gaylord Court, the two-building property totals 373,009 square feet. The sales price equates to $450,000 per unit, or $362 per square foot. Built in 2014, Kent Place Resi- dences is comprised of a four- story building and a six-story building. Units include one to three bedrooms and one to 3 1/2 bathrooms. The property is currently 93% leased, accord- ing to Apartment Insights. In-unit amenities include stainless steel appliances; stone countertops; full-size washers and dryers; plush carpeting, wood-style flooring and tile; 9- and 12-foot ceilings; walk-in closets; ceiling fans; and private patios or balconies. Select units include a kitchen island, a gas fireplace, floor-to-ceiling win- dows, and views of downtown Denver and the mountains. Furnished homes are also avail- able, with furniture provided by Cort Furniture. Amenities at the pet-friendly community include a resident clubhouse with a kitchen, bar and billiards; a swimming pool, spas and a sundeck; a rooftop lounge with multiple barbecue areas; a 24-hour fit- ness center with a yoga studio, locker rooms and steam show- ers; a movie theater and media room; a golf simulator; a boc- cie ball court; a conference room; a community garden; guest suites; a dog park; and a private parking garage. The community also offers resi- Sequoia acquires Kent Place Residences by Avalon Jacka DENVER – An adaptive reuse, creative office asset in the River North Art District was purchased by a local real estate investment and development firm for $19 million in August. Boulder-based Con- science Bay Co. acquired the coworking building at 3001 N. Brighton Blvd., for- merly known as Industry Denver, from 3001 Brigh- ton LLC, an entity associ- ated with Clarion Partners. Conscience Bay rebranded the property as Fabrica RiNo, stemming from the Latin word for “factory” or “workshop.” “This is an asset that has played a pivotal role in shap- ing the RiNo Art District over the last decade-plus,” said Con- science Bay Director of Commercial Real Estate Investments Ben Woolf. “We’re eager to continue the tradition of creative entrepreneurship in this historic building. By reinvesting in this space, we aim to restore it as a true destination – a place where teams are excited to come to work each day and col- laborate in a uniquely RiNo environment.” The seller was represented in the transaction by CBRE’s Jenny Knowlton, Chad Flynn and Charley Will, while Conscience Bay was unrepresented. Fabrica RiNo was con- structed in 1939 as a cold- storage warehouse and later served as the city’s primary food market. The building went through several dif- Conscience Bay introduces Fabrica RiNo Apartment Insights Kent Place Residences, located at 3465 S. Gaylord Court, includes 300 units in two buildings on 5.85 acres. Please see Fabrica, Page 14 Fabrica RiNo includes numerous gathering spaces throughout the building, including a stadium-style seating area with a projector at the main entrance. Please see Kent Place, Page 14 Ben Woolf