This Week's Denver Deal Sheet: Off-Market Northern Colorado Industrial Trade Tops $19M
Schlosser Signs acquired a 100K SF Class-A industrial facility at 31815 Great Western Drive in Windsor for $14.2M in a property exchange with investor Bar S U.
Bar S U picked up Schlosser’s newly built 21K SF industrial building at 3505 Draft Horse Court in Loveland for $5.2M.
Cushman & Wakefield’s Jason Ells and Cole Herk brokered both sides of the swap.
Schlosser’s new space is one of a few large-format, high-bay industrial facilities of 100K SF or more in the region, Ells said in a release. The property includes 40-foot ceilings, overhead cranes and enhanced power to support the company’s production expansion.
The Loveland property, delivered in 2023, features radiant heat, 20-to-24-foot clear heights and outside storage.
Neither property was on the market prior to the deal.
SALES
A 20K SF single-tenant retail building at 13900 E. Mississippi Ave. in Aurora sold for $2.5M. The property, leased to BioLife Plasma Services, has about six years remaining on a triple-net lease. Avison Young’s Chris and David Maling, along with Sam Crowe of Northmarq, represented the California-based seller. The buyer was a Denver investor.
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The 16-unit Hilltop Park Apartments at 9885 W. 21st Ave. in Lakewood sold for $3.2M. The deal included seller financing. Pinnacle Real Estate Advisors' Luke Salazar, Robert Lawson and Jim Knowlton served as brokers.
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A 10K SF vacant office building at 7651 W. 41st Ave. in Wheat Ridge sold for $825K. Pinnacle Real Estate Advisors' David Barocas and Andy Monette represented both parties. The buyer plans to renovate the space, and the deal closed in less than 30 days with seller financing.
PEOPLE
Katie Kruger, former CBRE market leader, has been named principal and market leader for Avison Young’s Denver office. She’ll focus on growing the firm’s presence in brokerage, property management, project management and valuation, along with recruiting talent. Kruger also previously led the Denver Metro Commercial Association of Realtors.
Marcy Moneypenny, whom Kruger succeeds, is launching a new venture focused on advancing women in commercial real estate leadership.
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Cory Sleeth and Miles Cortez have joined the Denver office of Matthews Real Estate Investment Services. Sleeth comes on as a vice president specializing in tenant-based leasing, previously serving as vice president at NAI Global Corporate Solutions. Cortez joins as vice president and director in the firm’s capital markets division, bringing decades of hospitality finance experience with brands like Hyatt and Fairmont.
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Kevin Boltz and Bryan Boldiszar have joined Newmark’s Denver office as senior vice president of national engineering and national director of engineering, respectively. Both bring experience from prior roles at Transwestern and other major firms. They will help lead the firm’s building engineering practice, which works with engineering teams across property management through training, tech integration and quality control.
CONSTRUCTION AND DEVELOPMENT
Trailbreak Partners has officially started construction on Kaia Residences, an 18-story, 465K SF mixed-use tower at 808 N. Lincoln St., near Denver's Golden Triangle district in Capitol Hill. The project will include 295 rental units — 19 of them affordable — along with 9K SF of retail and 290 parking spaces. It's the first multifamily project in the area to break ground in more than a year, according to the developer. Hord Coplan Macht is the architect, and Arco/Murray is the general contractor.
THIS AND THAT
Suburban coworking space in the Denver metro grew from 1.2M SF in 2023 to 2.2M SF in 2025, according to a new Yardi Kube report. Urban coworking shrank slightly, from 1.5M SF to 1.4M SF, over the same period, with the metro's coworking footprint now 60% suburban, an increase from 45% two years ago.
Meanwhile, Denver added seven coworking spaces in Q1, bringing the total to 239, a 3% quarterly increase, according to a recent CoworkingCafe report. Total inventory hit 3.7M SF, up 5% from Q4. Average square footage per space also ticked up 2% to 16K SF.
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Ulysses Development Group has opened The Meadowmark, a 200-unit affordable housing project for adults 55 and older in Castle Rock’s Meadows neighborhood. The $100M-plus development marks UDG’s first new construction project in Colorado and was funded through a mix of tax credits, bonds and loans from entities including Raymond James, Berkadia and the Douglas County Housing Partnership.
