CenterPoint Properties, a Denver-based real estate investment firm, purchased two industrial parks and a total of four commercial buildings from Berkeley Partners for $16.7M, CBRE announced.
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The properties are at 1501-1551 South Sunset St. and 2120-2150 Miller Drive in Longmont. They can serve tenants who need between 3K SF and 27K SF, and they offer amenities such as small-bay industrial space. The buildings were 93% occupied at the time of sale, according to a press release. CBRE’s Jeremy Ballenger, Tyler Carner, Jessica Ostermick and Jim Bolt represented the seller in the transaction.
“Small-bay industrial space is seeing strong tenant demand in today’s market,” Ostermick said in a release. “Small-bay properties boasted the lowest vacancy rates (2.3%) and accounted for 80% of all leases signed in metro Denver in 2022.”
SALES
NorthPeak Commercial Advisors brokered the $3.6M sale of an 11K SF multifamily building at 245 Bannock St. in Denver. NorthPeak’s Joe Hornstein and Scott Fetter represented the seller, while NorthPeak’s Kevin Calame and Matt Lewallen represented the buyer.
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A 12-unit, 10.4K SF multifamily property at 3010-3050 Gray St. and 5851-5855 West 30th Ave. in Wheat Ridge sold for $2.2M. NorthPeak Commercial Advisors’ Matt Lewallen and Kevin Calame represented the buyer and seller.
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Colorosa Commercial Properties brokered the $1.25M sale of a vacant plot at 4961-4965 Lowell Blvd. in Denver. Colorosa agent Rachel Colorosa represented the buyer and seller.
LEASES
Leven, a new concept from the founders of Denver-based Leven Deli, leased 6.6K SF in Block 162 at 675 15th St. in downtown Denver from real estate investment firm Patrinely. The space will be used for a full-service restaurant.
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Alpine Bank leased more than 3K SF at 1705 17th St. in downtown Denver. Lincoln Property Group’s Scott Caldwell represented the landlord.
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