News
TYPE B IS FOR BEAVER
November 8, 2012
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| The REO phenomenon even has reached the cozy little town of Frisco, where Vectra Bank has sold 409/411 Main Street, a 35k SF mixed-use streetside project to a local investor called Beaver Frisco Mall for more than $3M. Cassidy Turley Fuller’s R.C. Myles, Jim Brady and Jeff Halsey sold the property for Vectra. Beavers were not included. | |
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| We chatted with Jim Brady about Denver’s real estate investment market. “I think the B and C property types are starting to trade more frequently, which tells me the small private investors are becoming more active,” Jim tells us. Similar to the deal in Frisco, Jim says the smaller Colorado markets are getting attention from smaller investors. He also just helped sell Hilltop in Littleton, a 63k SF office building at 8200 Southpark Circle, which was bought by F&C Holdings for $5M. At 77% occupancy with such tenants as Toshiba and SAIC, it was held as an REO with TCF Bank. |
