This Week’s Denver Deal Sheet

FlexHQ and developer Ware Malcomb have teamed up to complete a 75K SF flexible co-warehousing space that is expected to open in Denver this summer. 

Co-warehousing is coworking space that combines office and warehouse facilities for rent by small businesses.

FlexHQ debuted its first co-warehouse space in Los Angeles in 2022. The Denver warehouse will include 21 private offices, individual warehouse spaces that range from 300 SF to 3K SF, and a range of amenities that include electric car chargers and high-speed internet. 

"Scalable workspaces and sustainability go hand in hand," Laurent Opman, CEO at FlexHQ, said in a press release. "We aim to set a new standard for the co-warehousing industry by demonstrating that repurposing existing structures is not only good for the environment, but it's also a viable solution for meeting the evolving needs of modern businesses."

SALES

NorthPeak Capital Advisors brokered the sale of a 14.2K SF industrial space in Englewood for $1.9M. Drew Williams, Kevin Calame and Matt Lewallen represented the buyer and seller in the transaction. 

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Lee & Associates brokered the sale of a 3,500 SF retail space in Denver for about $2.25M. The deal closed in late April, according to a press release. Jeff Hallberg of Lee & Associates represented the seller, 1052 S Gaylord LLC. The property was purchased by Prichard Properties.

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Greystar, a commercial real estate developer and manager, purchased four sites in Denver’s Golden Triangle neighborhood for about $500K, the Denver Business Journal reported. The company plans to build a 300-plus-unit mixed-use complex that includes more than 4,200 SF of retail space.

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Schnitzer West, a real estate developer located in Seattle and Denver, purchased a 9.5-acre parcel of land at 5675 Arapahoe Ave. in Boulder for an undisclosed sum. The company plans to build a two-building research and development campus. 

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MG Properties, an investment company from San Diego, purchased the Ridge at Castle Rock for about $67M, the Colorado Real Estate Journal reported. The seller, Continental Properties, was represented by David Potarf, Dan Woodward, Matt Barnett and Jake Young of Walker & Dunlop. Brian Frazier and Blake Hockenbury of Walker & Dunlop represented the buyer. 

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SVN Denver announced the sale of a 1,200 SF retail space at 4383 Tennyson St. in Denver. The property sold for $685K, the company said. Jori Haynes of SVN represented the seller, Laura Costa. Andrew G. MacDonald with Impax Real Estate Group represented the buyer.

THIS AND THAT

Unico Properties has donated a 1,400 SF retail space at 1421 Pearl St. in Boulder to serve as an exhibit space for local artists until the end of May. 

“Unico is proud to have the opportunity to partner with madelife and local artists to enliven this space right in the heart of downtown Boulder,” Billy Woodward, Unico’s Colorado market leader and director, told Mile High CRE. “Boulder has a vibrant arts scene that we are thrilled to support, and even more excited that this partnership will also benefit those in the community in need of support.”