Colorado-Real-Estate-Journal_485158

INSIDE 14 6 FEATURED CONTENTS OCTOBER 1-14, 2025 Office 6 Industrial 12 Multifamily 14 Retail 18 Law & Accounting 24 Finance 29 CDE News 30 Who's News 42 12 Multitenant office NexGen acquires 135,000-square-fo ot Corporate 25 office campus New headquarters RK Industries renovates facility for manufacturing and office space Candelas community RangeWater Real Estate breaks ground on 380-unit project 18 Pickleball in Denver Perpetual First brings “eatertainment” concept to RiNo by Avalon Jacka DENVER – A former indus- trial yard is set to be trans- formed following a potential development announcement from Denver’s National Foot- ball League team. The Denver Broncos announced Burnham Yard is the team’s preferred site to build a retractable-roof stadium anchoring a mixed-use district. The approximately 60-acre site – bounded by West Sixth and 13th avenues, Osage Street and Seminole Road in the Lincoln Park neighborhood, per pre- vious reports – is positioned approximately 1 mile southeast of the team’s current home at Empower Field at Mile High. The stadium is expected to be completed for the 2031 NFL season. “Once a vital railyard that played a key role in Denver's past, Burnham Yard now repre- sents a transformational oppor- tunity to reimagine the future with deep respect for the rich history of the area,” team own- ers Greg Penner and Carrie Walton Penner said in a pub- lic letter cosigned by Denver Mayor Mike Johnston and Gov. Jared Polis. The Walton-Penner Fam- ily Ownership Group – which also includes former Walmart Chairman Rob Walton, Ariel Investment Co-CEO Mell- ody Hobson, former National Security Advisor Condoleezza Denver Broncos set sights on Burnham Yard by Avalon Jacka BRIGHTON – A national specialtygrocerchainacquired a Class A, 613,758-square-foot logistics center in east Brigh- ton in September. Trader Joe’s bought Lovett 76 Logistics Center, situated on a 41.8-acre site at 6196 E. Bridge St., from Lovett I n d u s t r i a l for $69.36 million, or $113 per sf. Kirk Vanino, Ron Webert and Matt Nora of Lee & Associ- ates repre- sented the seller, and the buyer brokers were undisclosed. “We had a lot of good activity on the facility over the last 12 months with differ- ent tenants, but in the end, for Lovett Industrial, this made the most sense, selling it to a user,” Vanino said. “For a user that big, there weren’t many options in the market- place, so that worked in our favor.” Trader Joe’s began conver- sations with the Lee & Associ- ates team more than a year and a half ago, Vanino said. While the initial conversa- tions didn’t yield a deal, nego- tiations “heated up” again in the past three to six months to finish the company’s search for an industrial location in the market. Although Vanino could not disclose the specif- ics of Trader Joe’s plans for the building, he noted the company will put “quite a bit of money” into retrofitting the building for freezer, cooler and grocery distribution. Completed in late 2024, Lovett 76 features 36-foot clear height, 3-phase power, 143 dock-high doors, four drive-in doors, 130-foot and 185-foot truck courts, 459 van/car parking stalls, ESFR sprinklers, PUD zoning, and an additional 9.5-acre land site providing 260 trailer park- ing stalls. The property can be fenced, providing outdoor storage potential. The asset is strategically located off Inter- state 76, providing connectiv- ity to the Denver metro area and Northern Colorado while avoiding congestion on Inter- state 70. Lovett 76 is proximate to 10 Trader Joe’s purchases Lovett 76 for $69M Please see Broncos, Page 23 Trader Joe’s bought the 613,758-square-foot Lovett 76 Logistics Center, situated on a 41.8-acre site at 6196 E. Bridge St., from Lovett Industrial for $69.36 million in September. Please see Trader Joe’s, Page 23 Kirk Vanino Ron Webert Matt Nora City of Denver The Denver Broncos intend to move the team’s stadium to Burnham Yard (seen from above), a 60-acre site bounded by West Sixth and 13th avenues, Osage Street and Seminole Road in the Lincoln Park neighborhood.