TravelCenter Site Trades Hands In $28M Deal: The Denver Deal Sheet
Good Investment Partners has picked up a well-known industrial infill site in Denver for $28M.
The firm acquired 5101 Quebec St., a 27-acre property along Interstate 270 that has operated for more than 25 years as one of the nation’s busiest TravelCenters of America. The site includes a 19K SF travel center, a 9K SF truck repair facility, fueling operations and large-scale parking.
The location averages 99,000 vehicles per day and drew nearly 1 million visitors over the past year. It sits 10 minutes from Downtown and 15 minutes from Denver International Airport.
CBRE’s Tyler Carner, Jeremy Ballenger and Matt Henrichs represented the seller.
Good Investment Partners is a Denver-based private equity firm focused on industrial outdoor storage and flex properties along the I-25 corridor. Founded in 2022, the firm has built a $200M portfolio spanning 620K SF and 150 acres in Boulder, Centennial, Longmont, Commerce City and Fort Collins.
SALES
JLL’s Hotels & Hospitality Group arranged the sale of The Inverness Denver, a 302-room Hilton golf and spa resort in Englewood, on behalf of Silverwest Hotels. The property includes five food and beverage outlets, nearly 50K SF of meeting space and the 18-hole Inverness Golf Course. Buyer and financial details were not disclosed.
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Evergreen Bicycle Outfitters has agreed to buy the relocated El Rancho building in Jefferson County with plans to reopen the historic venue as a bike shop, brewery and lodging. The sale depends on county approval of a metro district tied to The Observatory, a planned mixed-use project that includes a 112-key Marriott hotel and retail space. Developers say the larger project will proceed regardless, but the El Rancho relocation won’t happen without the financing mechanism. JLL is marketing lots at the site on behalf of Observatory Holdings.
LEASING
The Orchard Town Center in Westminster is adding several new tenants this fall and winter. P.F. Chang’s, Men’s Wearhouse, Miniso, goGlow and Spirit Halloween are among the latest signings at the open-air center co-owned by TriGate Capital and Vestar. AMC Theatres also completed an upgrade with Dolby Atmos technology. Looking ahead, Texas de Brazil, Chicha San Chen and Facial Aesthetics are slated to open in early 2026.
CONSTRUCTION AND DEVELOPMENT
MGL Partners and St. Stephen Missionary Baptist Church opened St. Stephen Senior Apartments, a 50-unit affordable housing project in Denver’s Central Park neighborhood. The $19.6M development serves residents 62 and older earning 30% to 60% of area median income. All units in the four-story property are occupied, with layouts ranging from one- to two-bedroom apartments and shared amenities that include a rooftop deck, a community garden and a fitness space.
Financing included federal and state tax credits allocated by the Colorado Housing and Finance Authority, with Wells Fargo as lender and equity investor. Construction started in November 2023 and wrapped this summer.
PEOPLE
CBRE promoted Ryan Link to executive vice president in its Denver office. Link, who joined the firm in 2013, specializes in tenant representation for office occupiers across Colorado and nationally. He works with clients in the law firm and tech sectors and has closed more than 40M SF in lease and sales deals alongside his team.
THIS AND THAT
Mayor Mike Johnston proposed a $1.7B general fund operating budget for 2026, a 5.8% drop from this year’s budget. The plan closes a $200M shortfall through personnel cuts, savings on services and supplies, and some new revenue. City Council hearings are scheduled for Sept. 22–26, with a final vote expected in November.
