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February 15, 2019
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Denver Mixed-User Sold in $24.5 Mil Deal


Denver Regional Investment Properties LLC acquired Highland Place, a mixed-use property totaling 54.6k sf in Denver, for $24.5 mil, or around $449/sf. The property, located at 3372 W. 38th Ave, was sold by Allante Properties.

Built in 2014, Highland Place consists of 68 residential units and five retail stores. The community is in a growth-leading urban location less than a mile from over 100 restaurants, bars, salons, coffee shops, grocers, and fitness studios, including the popular Tennyson Street and 32nd Avenue shopping districts.

Transwestern’s Tom Wanberg, John Blackshire, Brad Cohen and Larry Thiel represented the seller in the disposition.

“Allante Properties was intentional in creating a smaller but higher quality property, which can be seen in the luxury appliances and details throughout the community,” said Wanberg. “It’s very hard to find a brand new, under 70-unit community with such a great location and amenity package, demonstrated by the strong investor interest this asset received.”

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