Colorado-Real-Estate-Journal_435995

INSIDE 14 6 FEATURED 18 CONTENTS DECEMBER 18-31, 2024 Office 6 Industrial 10 Multifamily 14 Retail 18 Finance 24 Law & Accounting 30 CDE News 36 Who's News 50 10 New headquarters Ibotta leases 85,000-square-foot office on 16th Street Mall Bus maintenance ABC Bus Inc. adds Colorado location to support new contract Class A apartments Equity Residential acquires Aventine Littleton for $91 million Repositioned retail Sidford Capital exits Oakbrook Shopping center ownership by Avalon Jacka THORNTON – A New York City-based real estate developer, owner and oper- ator secured three preleas- es totaling 322,000 square feet in its Class A industrial park southeast of the Inter- state 25-Northwest Parkway interchange. Rockefeller Group signed the first tenants to 25 Com- merce Park, a three-build- ing, 453,600-sf industrial park positioned at East 152nd Avenue and Washing- ton Street. Grey Wolf is the architect for the project, and Golden Triangle Construc- tion is the general contrac- tor. The deals bring the park to 71% leased ahead of con- struction completion. CBRE brokers 3 preleases totaling 322,000 sf by Avalon Jacka COLORADO SPRINGS – A new luxury apartment com- munity near the Kissing Cam- els neighborhood traded hands for $95 million in December. NALS Apartment Homes acquired the 312-unit Outlook West Mesa, located at 3370 Bryson Heights, from Ever- green Devco Inc. The proper- ty is 92% occupied, according to Apartment Insights. NALS Apartment Homes rebranded the property to View on Cen- tennial, according to the prop- erty’s website. Walker & Dunlop’s Denver Investment Sales team, led by Jake Young, David Potarf, Dan Woodward and Matt Barnett, facilitated the sale on behalf of the seller. “It’s a high-quality build with strong demographics and less new supply to compete with,” Young said. “[The] buyer had a need, and the size was ideal as well.” The 281,301-square-foot garden-style community includes a mix of one-, two- and three-bedroom units in 13 rental buildings on 14.63 acres, according to Apartment Insights. Units average 902 sf. The asset offers in-unit design- er finishes and an extensive resort-style amenity package complete with unobstructed 360-degree views of the moun- tains and downtown Colorado Springs. Each unit includes stainless steel appliances, gray quartz countertops, a washer and dryer, walk-in closets, hard- wood floors, carpeting, and a patio or balcony, with select units featuring kitchen islands, and mountain and valley views. Community amenities include a sundeck with a swim- ming pool and spa/hot tub, a fire pit with seating, a game deck, a fitness center, a resident clubhouse, a barbecue/picnic area, a pet wash station and an expansive dog park, secure package receiving, and more. The community is situated near the West Fillmore Street exit of Interstate 25, providing connectivity to the Colorado Springs area, as well as Denver, Castle Rock and Pueblo. View on Centennial in proximate to several major employment hubs, including the Garden of the Gods and Briargate corri- dors and downtown Colorado Springs. Amazon, Verizon, Progressive, USAA, HP, Ora- cle, Boeing, Lockheed Martin, Northrop Grumman and other national employers have estab- lished a presence in the city due to its talent market, cost of liv- ing and quality of living. View on Centennial is posi- tioned in the highly sought- after western submarket of Colorado Springs. The area is known for its landscapes, rec- reational activities and cultural attractions. The affluent com- munity, with home values that can exceed $4 million, features many single-family homes, high home prices, geographic barriers to entry, and restrictive zoning. s NALS acquires 312-unit Outlook West Mesa The 281,301-square-foot Outlook West Mesa, located at 3370 Bryson Heights, was rebranded as View on Centennial by buyer NALS Apartment Homes. Please see CBRE, Page 12 Rockefeller Group signed three tenants to 25 Commerce Park ahead of construction completion, bringing the park to 71% preleased