This Week's Denver Deal Sheet
Daniel Close, Todd Witty, Tyler Carner, Jeremy Ballenger and Jessica Ostermick of CBRE represented Hyde Development in the sale to Dollar General.
It is the first build-to-suit commissioned at HighPoint Elevated, Hyde’s speculative industrial and logistics development that is projected to include up to 5.5M SF of industrial and logistics space at full build-out. Dollar General announced the project as part of a distribution center expansion in Arkansas, Colorado and Oregon. Ware Malcomb is the architect and Mortenson is the builder. Construction is scheduled to start this summer with a late 2023 completion.
Ben Kendall joined Broe Real Estate Group as senior vice president for multifamily development. Kendall was previously at Holland Partner Group, which has built several new apartment projects around Denver in the last 10 years.
Karrie Simmons was named vice president of finance for Rocky Mountain Communities, an affordable housing provider.
Aviva Sonenreich was promoted to managing broker at Warehouse Hotline, a Denver-based commercial real estate brokerage specializing in industrial real estate. She previously served as associate broker at the firm.
Park 16, a 60-unit apartment building at 11300 East 16th Ave. in Aurora, sold to an undisclosed buyer for $10M. Scott Fetter and Joe Hornstein of NorthPeak Commercial Advisors represented the buyer. Clayton Primm with Marcus & Millichap represented the seller.
A 12-unit multifamily at 2365 Emporia St. near Stanley Marketplace in Aurora sold for $2.1M in an off-market transaction. David Barocas of NorthPeak Commercial Advisors represented the seller, while Keith Hardy, Scott Fetter and Joe Hornstein of NorthPeak Commercial Advisors represented the buyer.
CONSTRUCTION AND DEVELOPMENT
Frontier Airlines broke ground on its 37K SF addition and 8K SF maintenance facility supporting 14 new gates at Denver International Airport.