This Week’s Denver Deal Sheet
Louisville-based Real Capital Solutions acquired Medtronic’s Lafayette campus for $188M, according to Green Street. The building is located at 200 and 250 Medtronic Drive and includes about 404K SF of life sciences space on more than 42 acres.
The building was fully leased at the time of sale, and the lease agreement runs through 2042 with no termination clause.
Medtronic's sale also marks the second-largest office deal on record in the Boulder market, Green Street reported.
SALES
The Southfield Towers in Centennial changed hands this week after Better Spaces Inc., a workplace well-being company, bought the property for $4.75M, according to a press release. NAI Shames Makovsky’s Evan Makovsky, Paul Cattin, Adam Hubschman and Solomon Stark represented the sellers, BCL LLC and Wyco Equities Inc.
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Plenty of Places Apartment Homes purchased the Highland Junction, a 39-unit apartment complex in Denver’s Berkeley neighborhood, for $12.5M. Marcus & Millichap’s Clayton Primm and Michael Derk represented the buyer, while Henry Group Real Estate’s Boston Weir represented the seller.
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NorthPeak Commercial Advisors helped broker the sale of 4291 Austin Bluffs Parkway in Colorado Springs, a more than 11K SF office building, for $950K. NorthPeak’s Drew Williams represented the seller.
PEOPLE
The law firm Simpson Gumpertz & Heger hired Alex Kosis as an associate principal in its building enclosure engineering consulting and sustainable building practices division in Denver. Kosis has more than 15 years of industry experience, specializing in roofing, waterproofing system design and repair, and thermal analysis.
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St. John Properties Inc. hired Nicole Skorka as the firm’s next property manager for its Colorado regional office. Skorka was the senior property manager for CentrePoint Properties and has more than 10 years of industry experience.
FINANCING
The General Services Administration announced $88M of Inflation Reduction Act funding to help make 18 buildings in Denver more sustainable by cutting energy costs. The buildings will install high-efficiency ground-source heat pumps, solar panels, and heating and cooling system upgrades.
THIS AND THAT
Commercial real estate platform 42Floors ranked Denver as the fourth-noisiest city in the U.S. The ranking considers airport takeoffs and landings, construction activity, population density and car use.
