Colorado-Real-Estate-Journal_425682

Page 54 - October 16-November 5, 2024 www.crej.com space, was constructed in 1983 and renovated in 2019, according to a LoopNet listing. Situated south of East Arapahoe Road, the property affords connectivity to the greater Denver metro area via Interstate 25, E-470 and South Parker Road. Mark Ryan of eXp Commer- cial Real Estate represented the buyer, while Chris Wieden- mayer of CW Real Estate Part- ners represented the seller in the transaction. CW assisted the seller with its purchase of the property in 2013. CW helped the seller “maximize the property’s value and position it for a profit- able exit,” a statement from the brokerage said. The buyer will operate its busi- ness, Colorado Thin Films, out of the property. The company does research and development for optical coatings for a variety of applications. The buyer has mini- mal plans for reconfiguration of the space, Wiedenmayer said. n DENVER – An industrial property in the South Platte neighborhood sold for $1.15 mil- lion, or $206 per sf, in September. Located at 2170 S. Lipan St., the 5,570-sf, two-story build- ing includes a 14-foot clear height, one drive-in door and a 2.15:1,000 parking ratio, accord- ing to a LoopNet listing. Built in 1966, the building includes a mix of office and warehouse space and a fenced yard for vehicles and storage. The property offers connectivity to the greater Den- ver area via East Evans Avenue and South Santa Fe Drive. Michael DeSantis, Brett Mac- Dougall and Hudson Cramer of Unique Properties Inc./TCN Worldwide represented the buyer, Arleth LLC, doing busi- ness as AC Construction Co. The seller, listed as International Union of Painters on Denver County public records, was rep- resented by Rachel Colorosa of Colorosa Commercial in the transaction. The buyer is a Colorado-based contractor serving both commer- cial and residential clients. Its business was growing and need- ed a larger headquarters, leading the buyer search for a centrally located industrial/flex building. n CASTLE ROCK – A chil- dren’s boutique leased 5,000 sf of industrial space in south Castle Rock. Rachel Stone, doing business as Macy Kate Boutique, signed a direct lease with landlord DLD Properties LLC for its space in the Gilbert Street Industrial building, located at 607 S. Gilbert St. The lease commenced in October. David Marulli of Trevey Com- mercial Real Estate represented the landlord in the deal. Macy Kate Boutique provides unique handmade children’s clothing that is “affordable, prac- tical and durable,” according to a statement from Trevey Commer- cial. All items are 100% hand- made and produced in the U.S. by stay-at-home moms. n ARVADA – A plumbing company leased a new industrial space north of Interstate 76. Axis Plumbing and Heating LLC signed a lease for 2,800 sf at 6264 W. 55th Ave. Axio Commer- cial Real Estate’s Brian Frank represented the tenant. Landlord Duo Industrial LLC was repre- sented by Maxwell Marcum of Marcum Commercial Advisors. The space includes 2,650 sf of warehouse space, 150 sf of office space, two private restrooms, 400 amps of power, a drive-in door and 11-foot clear height, accord- ing to a listing brochure. s Dove Valley Continued from Page 12 Weekley Homes operates in 19 markets across the U.S. The homebuilder constructed 5,500 homes nationwide in 2023 and plans to double that number by the end of the decade, Lee said. The company has closed on more than 120,000 homes since its inception. Other News n LAFAYETTE – A 1.6-acre lot proximate to the Intermountain Health Good Samaritan Hospital sold for $805,000. Corey Sandberg of Pinnacle Real Estate Advisors LLC facili- tated the sale on behalf of both the buyer and seller. The seller was listed as Empire Medical LLC on Boulder County public records, while the buyer was undisclosed. “As development and growth continues to explode in Lafayette, we were pleased to assist in pair- ing the seller with a buyer who will take advantage of the lot’s proximity to the Good Samaritan Hospital campus and the cor- responding zoning,” said Sand- berg. The buyer will develop a for- lease medical office building that will “take advantage of the syn- ergy with the hospital campus,” Sandberg said. Situated southwest of the High- way 287-Empire Road intersec- tion at 370 Empire Road, the lot is adjacent to a residential neighbor- hood and two office buildings. The property is north of Whitetail Park and Lionsgate Event Center and is near multiple open space areas. s David Weekley Continued from Page 22 The 1.6-acre lot at 370 Empire Road is surrounded by residential and medical office properties.