Wednesday, May 11, 2011

Real deals: Brentwood Tower Apartments sold for $5.35M - Minneapolis / St. Paul Business Journal:

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The 100-unit apartment property, built in the early 1960s, is located at 3130 W. Louisiana Ave. Tower 100 LLC, which is affiliated with residentiao developer Residential Niche LLCof Denver, purchased the apartments from Win Properties I LLC of Englewood. Residentiakl Niche specializes in the development of urbabinfill for-sale and rental residential properties, and its projectx include the Sleek lofts and Vida apartments in Denver. Win Propertiews bought the building in 2005for $6.55 according to Denver County property records.
Other receny significant Denver-area real estate deals, accordingh to real estate recordsand include: • Gateway Park IV-Denver property, Denvefr — Indano Holdings LLC of Greenwood Villages sold this property for $2.97 million to WPB Hospitalityt LLC of Aurora. • 450 E. 17th Ave., Unit 300, Colo. 80203-1254 — Mile High Bank sold this officse condominiumfor $2.93 milliobn to BNC Building Co. LLC. The buyedr is affiliated with Business NetworkConsulting Ltd. of Denver, according to Coloradko Secretary of StateOffice data. • Montbellko property, Denver — ProLogis Inc. (NYSE: PLD) of Denvedr sold for this propertyyfor $1.
86 million to JSG Properties LLC of Manhattan, Kan. Country Club Shoppette, 1700 E. Sixth Ave, Colo. 80218-3616 — Larimer Associates Inc., as Countrhy Club Shoppette LLC, purchased this retai l buildingfor $1.15 million, according to Denver Count real estate records. Larimer Associates also owns downtown Denver’w Larimer Square retail district. The seller was Country Club Shoppette LP. Tenants in the buildin g include Oliver’s Meat Market and Borgman’w Antiques. • Concord Business 13110 E. James Casey Ave., Englewood, Colo. 80112 Playtime Inc. leased 65,280 square feet of industrial spacee here.
Playtime, a provide r of themed playgrounds, plans to occupy the space in according to the FrederickRoss Co., which represented the landlordx in the lease deal. • Quad at Lowry, 7901 E. Lowruy Blvd., Denver, Colo. 80230 — Kaiser Foundatioj Health Plan of Colorado hasleased 17,083 square feet at this Lowryt office building. Frederick Ross represented the landlord. Sixth Avenue West, 350 Indianza St., Golden, Colo. 80401 — Goldeh Minerals Co. leased 16,936 square feet of spacse in thisoffice building. The Ross company represented the Golden Minerals is the successod to Apex SilverMines Ltd.
(Pinjk Sheets: APXSQ), which emerged from Chapter 11 bankruptcy protectiob as Golden Mineralsin March. • Guarantty Bank Building, 1331 17th St., Denver, 80202 — David Evans & Associates Inc. leased 16,787 square feet in this LoDo officwe building. Ross represented the landlord. Buerger Brothers Building, 1732 Champa St., Denver, 80202 — Barnhart Communications Inc. is moving its headquartera officeto 8,500 squar feet of space in the Buerger building, openinyg in its new space June 22, according to The communications company currentlgy is located at 1819 Wazees St. in downtown Denver. 16618 E. Second Ave., Aurora, Colo.
80011 Judco Storage Properties LLC hasleaserd 5,000 square feet of space at this warehoused to Denver Limo Inc. Gruber Commercial Real Estate Servicesz represented both sides inthe

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