This Week’s Denver Deal Sheet
EverWest Real Estate Investors purchased Central Connection for an undisclosed sum. The two-building, 153K SF industrial space in Denver’s north central submarket is fully leased to companies such as Peloton, Epicurean and Outpost.
Central Connection broke records for the fastest-ever lease-up in Denver’s north central market. It secured pre-leasing commitments for 76% of its buildings and was 100% leased within a month of opening, according to a press release.
“Denver’s North Central industrial market is one of the most desirable and connected in the state, with some of the region’s highest rents and lowest vacancy rates, despite a predominantly older inventory of competitive product,” EverWest Managing Director of Acquisitions Brett Birkeland said in the release. “Within this environment, Central Connection is main-and-main real estate, standing out for its modern construction, clear height and ease of divisibility."
PEOPLE
Catamount Construction Inc. hired Brandon Moore to be the company’s next vice president of operations in Denver. Moore has more than 33 years of industry experience and has led government, industrial, retail, healthcare, aerospace, higher education and K-12 projects.
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Confluent Development promoted Lauren Selinger to general counsel and Jill Lezama to vice president of accounting and finance.
“Lauren and Jill will undoubtedly continue to have a meaningful impact in their new positions, and we’re eager to see the innovative strategies, approaches and unique solutions they embrace in this next chapter of their careers at Confluent,” Confluent CEO Marshall Burton said in a press release.
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International design firm Ware Malcomb promoted David Nighswonger to director of regional operations in Denver. Nighswonger will be responsible for overseeing the firm’s civil engineering teams.
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Design Workshop, a landscape architecture firm, promoted Jake Sippy to technical principal in Denver. Sippy will focus on design software, documentation and construction implementation.
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CBRE has hired Michael Harpole as a senior associate focusing on industrial tenant representation in Denver. Harpole's previous experience includes a three-year stint at global consulting firm Deloitte. He has also served on the infrastructure committee for the Denver Metro Chamber of Commerce.
SALES
The historic Wolcott Apartments in Denver’s Capitol Hill neighborhood was bought by an unnamed investment group for $10M. The investment group plans to renovate the 40-unit complex. Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the buyer and seller.
LEASES
Ulterra Drilling Technologies, an oil and gas supplier, leased a 4,300 SF office at 518 17th St. in Denver. Agents Ana Sandomire and Peter Knisely of NAI Shames Makovsky represented the landlord, Westside Investment Partners.
DEVELOPMENT
Chicken N Pickle, a sports bar and pickleball complex, will open its next site at The Gatherings in Parker. The 1.5-acre property is expected to break ground in 2023 and open to the public sometime next year.
The project will consist of a 10K SF restaurant, a 4K SF rooftop patio and 17K SF of pickleball courts, according to a press release. It is expected to cost about $22M to build and could generate between $12M and $14M of sales tax per year, the Parker Chronicle reported.
“Chicken N Pickle is exactly the kind of all-day attraction we think fits well within Gatherings at Parker,” said Stuart Zall, president of Zall Commercial Real Estate, the retail broker for the project. “We‘re creating a unique, community-oriented tenant mix that will offer people in the surrounding area a beautiful space to spend time with their friends and family, which is why Chicken N Pickle is the perfect fit.”
THIS & THAT
On May 25, Bounce Empire will open a 50K SF indoor bounce house theme park in Lafayette. The project is expected to be the world’s largest indoor bounce house, with more than 50 attractions for guests.
“Everyone shares something in common when they walk through the door: They can’t decide what to do first,” entrepreneur and owner James Hay-Arthur said in a press release. “We expect it to take at least four visits to truly experience every facet of the space.”
