Mortenson To Build Summit FC Stadium: The Denver Deal Sheet
Denver’s new National Women’s Soccer League team, Denver Summit FC, is one step closer to its new stadium in Santa Fe Yards.
The team is partnering with Mortenson, which will serve as the construction manager for the project.
According to a press release from Mortenson, the company expects to start construction in the spring and the stadium is scheduled to open for the team’s inaugural 2028 season. The $225M open-air stadium, designed by Populous, will seat 14,500 people. The stadium plans to pursue LEED Silver certification.
General contractor Gratacon will serve as associate partner on the project. The stadium will be the second in the country built specifically for a women’s professional soccer team.
Mortenson has also developed the Major League Soccer venues Allianz Field in St. Paul, Minnesota, Energizer Stadium in St. Louis and Geodis Park in Nashville.
SALES
Denver-based Matrix Group, in partnership with ErvoSquare, acquired the Pacifica Union industrial portfolio in Englewood for $33M. The 257K SF small-bay industrial campus, located along Santa Fe Drive, consists of 10 buildings on 14 acres.
Matrix Group will oversee leasing and management of the portfolio. The company is also investing $2.5M in capital improvements and renaming the center to Santa Fe Industrial Collective.
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Greenwood Village-based Kore Investments acquired 169 Inverness, a multitenant office property in Englewood, for $28.5M from Beacon Capitol Partners. The property last sold in 2019 for $27M.
The trophy office property, located at 169 Inverness Drive W., was 96% leased at closing. Tenants include United Healthcare, Leidos, CSG Systems and Goosehead. The site is zoned for mixed-use, which provides an opportunity for additional density in the future.
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Continental Realty Corp., a Baltimore-based real estate investment and management company, bought the 24-acre Thornton Town Center for $25.5M. The shopping center was 73% leased at closing, and its tenants include Malibu Jack’s, The Picklr and Sky Zone Trampoline Park. The seller, Citivest Commercial Investments, was represented by Brad Lyons of CBRE.
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Global asset management firm L&G bought The Alder apartments, a 300-unit community in Parker, on behalf of its institutional retirement business. L&G is partnering with Taurus Investment Holdings LLC, which will oversee the property’s business plan.
