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• NexGen Properties Buys 51k sf Office Building in Englewood, CO
6/29/23
NexGen Properties purchased a 51.5k sf boutique office building in Englewood, CO. The two-story, multi-tenant asset is located at 384 Inverness Pkwy, within Inverness Business Park.
Constructed in 1985 and extensively renova...
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• Kaiser Permanente Inks Extension Deal for 121k sf Space at Colorado Office Campus
6/28/23
Kaiser Permanente has inked an extension lease for its 121k sf of space at One & Two Greenwood Plaza, a Class A office campus in Englewood, CO. Kaiser serves as the anchor tenant of the two-building, 197.5k sf project, owned ...
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• Stockbridge Capital Group Buys 443k sf Industrial Complex in North Las Vegas
6/28/23
Stockbridge Capital Group purchased the recently completed Tropical Logistics Phase II. The facility was developed by a joint venture between CapRock and real estate funds managed by Ares Management.
Located within the Nor...
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• Fresno Shopping Center Fetches Nearly $16 Mil
6/27/23
Ash Tree Square, an 80.9k sf shopping center in Fresno, was purchased by an Oakland-based private investor in a $15.8 mil ($195/sf) transaction. The property is situated on 7.47 acres at 1029-1077 East Shaw Ave, at one of the...
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• Texas Industrial Facility Lands New Owner in $9 Mil Trade
6/26/23
A Texas-based investor purchased a two-building, 79.9k sf industrial facility in Laredo, TX for $9.15 mil ($115/sf). The property, located at 13806 N. Unitec Dr, was sold by Stos Partners, who acquired the asset in March 202...
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• Kodiak Gas Services Leases 53k sf of TX Office Space
6/21/23
Kodiak Gas Services LLC inked a long-term lease for 53k sf of office space in The Woodlands, TX. The space is located at 9950 Woodloch Forest Tower, a Class AAA, 31-story office building that is one of two towers within The W...
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• Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
6/21/23
Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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• Whitestone REIT Spends $25 Mil on AZ Retail Center
6/20/23
Whitestone REIT has purchased Arcadia Towne Center, a 70k sf grocery center located at 4730 E. Indian School Rd in Phoenix. The asset was sold by LNR Partners in a $25.3 mil deal.
The center expands Whitestone’s footprint in...
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• CordenPharma Leases 61k sf Life Sciences Property in Boulder, CO
6/19/23
CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, CO. The company will occupy 61.1k sf across both floors at 2300 55th St.
2300 55th Street was built out for advanced technolog...
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• New Mexico Retail Center Hits the Market at Just Under $16 Mil
6/16/23
Here’s news of a retail property that has just been put on the market. The property, Cottonwood Collection, is a 157.9k sf structure that is 100% occupied by Hobby Lobby, Home Life Furniture, and Mor Furniture. The asset, an ...
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• Modesto Multifamily Property Trades in $25 Mil Deal
6/15/23
Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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• Landmark Companies Lands $45 Mil for TX Res Development
6/14/23
Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
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• Santa Clara Biz Park Gets New Owner
6/13/23
San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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• San Diego Investor Zeros in on AZ Industrial Portfolio
6/09/23
A San Diego-based investor purchased a two-building industrial/flex office portfolio totaling 158.5k sf of space in Tempe, AZ. Located at 1100 and 1150 W Grove Pkwy, the buildings are approximately 67% leased combined.
1100...
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• Schuman Companies Spends $12.3 Mil on South Parcel at Loveland Yards in Colorado
6/09/23
Schuman Companies acquired the 146.1k sf south parcel at Loveland Yards in Loveland, CO for $12.3 mil. The purchase completes Schuman Companies’ acquisition of the former Loveland Outlets site, after buying the north parcel i...
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• Recent Signings Bring Denver Business Park to Full Occupancy
6/09/23
There have been two new signings at Eastpark 70, a 1.35 msf, Class A master-planned business park in metro Denver’s Airport submarket, bringing the campus to full occupancy. Performance Contracting leased the entirety of Buil...
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• Axle on Demand Pre-Leases 126k sf of Industrial Space at Glendale, AZ Development
6/08/23
Axle on Demand has agreed to a 126.1k sf pre-lease at Echo Park 303 in Glendale, AZ. The transaction represents Axle on Demand’s sixth metro Phoenix location and fills more than half of Echo Park 303’s Building A almost four ...
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• New AC Hotel by Marriott Gets Underway in Pasadena
6/08/23
Welcome Group Inc has begun construction of AC Hotel by Marriott, a 194-room, 100k sf hotel in Pasadena. The project, being built by R.D. Olson Construction, is designed to appeal to business and leisure travelers alike.
A ...
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• Concepts Inc Buys 54k sf Phoenix Retail Center
6/07/23
Concepts Inc purchased Ahwatukee Mercado, a 54k sf retail center in Phoenix. Located at 4747 East Elliot Rd, the 95% leased center is shadow-anchored by a Safeway Grocery Store. The price was not disclosed.
The property incl...
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• Recent Spate of Lease Signings Brings Salt Lake City Office Building to 100% Occupancy
6/07/23
The have been four lease signings at 222 South Main Street, a 22-story Class A office building in Salt Lake City, bringing the building to 100% direct occupancy. The property is owned by KBS.
CBRE’s Scott Wilmarth and Nadia...
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