Denver-based private equity firm Trailbreak Partners purchased a site at Eighth Avenue and Lincoln Street for $12.05M, the Denver Business Journal reported.
The site’s two parcels, which total 0.79 acres according to BusinessDen, will be the future location of 808 North Lincoln St., a planned 18-story apartment building with 332 units and 5K SF of street-level retail space. Several existing businesses currently operate on the property, including the restaurant and craft beer brewer LowDown Brewery & Kitchen.
SALES
119 South Broadway, a 12K SF converted theater that currently houses Archetype Distillery’s liquor distilling operations and tasting room, sold for $5.84M, BusinessDen reported.
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RCI Hospitality Holdings Inc., a publicly traded company that owns and operates nightclubs and restaurant chains across the U.S., purchased the Grange Food Hall in Greenwood Village for $5.2M.
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LEASES
A Denver-based tech company, Velocity Global, leased 17.5K SF of office at 1701 Platte St., the building where e-trading company Robinhood recently put up for sublease its once-planned, now-scuttled Denver offices. Robinhood’s lease covers the top two floors of the five-story building, according to BusinessDen, while Velocity will take space on the second floor. This represents a move for the company, which is currently headquartered in the Industry Station coworking space.
FINANCING
Cushman & Wakefield secured $25.35M in construction financing for Broadway Logistics Center, a new 200K SF industrial property in central Denver’s industrial market. The loan was handled by Cushman & Wakefield’s Baxter Fain, Rob Cronenberg, Sarah Dinning and Mickey Moran.
THIS AND THAT
Burrell Aviation retained Cushman & Wakefield to market a portfolio of build-to-suit properties at airport locations across the U.S. The list of properties, which range in size from 4 to 120 acres, includes two sites in Colorado: a 65-acre property at the Colorado Springs Airport and a 20-acre property at the Northern Colorado Regional Airport near Fort Collins.
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