Colorado-Real-Estate-Journal_463660

INSIDE 12 6 FEATURED CONTENTS JUNE 4-17, 2025 Office 6 Industrial 10 Multifamily 12 Retail 18 Law & Accounting 22 Finance 23 CDE News 36 Who's News 48 10 New office lease BBBSC finds office space to better serve Denver metro area Breaking ground Sterling Bay, Mortenson build infrastructure for Redtail Ridge Preleasing launch MGL Partners, Rockefeller Group start preleasing for The Moraine 18 Redeveloped retail CentrePoint acquires Gold’s Marketplace from Quannah by Avalon Jacka WHEAT RIDGE – An Ari- zona-based developer with an office and holdings in Colo- rado sold a new luxury mul- tifamily development located in a supply constrained sub- market. FJ Management purchased Outlook TableMesa, located at 4051 Clear Creek Drive, from project developer Evergreen Devco Inc. for $97 million, or 388,000 per unit, or $427.18 per square foot. Kephart served as the architect for the new gar- den-style community. North- marq’s Dave Martin and Brian Mooney represented Evergreen Devco in the sale. “Outlook Table Mesa is an exceptional property in all respects,” Martin said. “With Evergreen Devco’s far-seeing vision for the larger Clear Creek Crossing development now being realized, FJ Man- agement’s investment is very well positioned to continue its impressive performance.” The 227,070-sf community is positioned within Clear Creek Crossing, a mixed-use devel- opment by Evergreen Devco on the desirable west side of the Denver metro area. Out- look Table Mesa is bordered on two sides by water and offers panoramic mountain views. Outlook Table Mesa features a mix of 250 one- and two- bedroom units in 15 buildings. Unit interiors include quartz countertops, vinyl plank floor- ing, oversized windows, tall ceilings, stainless steel kitchen appliances, pendant lighting, ceiling fans, full-sized wash- ers and dryers, walk-in closets, and a balcony or patio in every unit. Completed in 2024, the FJ Management buys Outlook Table Mesa by Avalon Jacka DENVER – A Canada- based fund purchased a 207,611-square-foot retail power center in the Cen- tral Park neighborhood for $56.67 million. Big Ben Private Real Estate I LP acquired Quebec Square, located at 7506 E. 36th Ave., from Alto Real Estate Funds in May. The buyer’s portfolio includes assets in Arizona. “Quebec Square and the Denver market is a strate- gic part of the fund’s long- term growth,” said Paul Klink of Capital Asset Man- agement, who oversees all acquisitions for the Big Ben Private Real Estate I LP fund. “The Denver market has demonstrated the stabil- ity our fund is looking for as part of our strategic plan in the coming years. Quebec Square is a core asset seed- ing our initial push into the Denver market.” “Our investment strat- egy is built on identifying high-growth, top-perform- ing markets; conducting thorough and disciplined analysis; sourcing assets with significant value-add potential; and executing tar- geted enhancement plans with precision,” said Alto co-founder and CEO Yaniv Melamud. “Amid contin- ued U.S. market uncertainty and shifting capital dynam- ics, we continue to capitalize on opportunities and source high-quality investments in the country’s most attractive locations.” JLL’s Jason Schmidt and Austin Snedden represent- ed the seller in the trans- action, and Capital Asset Management served as the fund manager for the buyer. “Quebec Square is a regionally dominant power center in a high-barrier-to- entry area of Denver,” said Snedden. “The property’s bull’s-eye location, national tenancy and strong demo- graphic profile position it well for long-term success.” Built between 2002 and 2003, Quebec Square is posi- tioned on a 22.07-acre site at the heavily trafficked Inter- state 70-Quebec Street inter- section. Shadow-anchored Big Ben acquires Quebec Square for $56M Dave Martin Brian Mooney Evergreen Devco Inc. The 227,070-square-foot Outlook Table Mesa includes a mix of one- and two-bedroom units in 15 buildings. Please see Outlook, Page 28 Located at 7506 E. 36th Ave., the 207,611-square-foot Quebec Square features a strong roster of national tenants and is shadow anchored by major national retailers. Please see Quebec, Page 49