This Week’s Denver Deal Sheet
Boa Technology, a company that created the Boa Fit System for skis, signed a 10-year lease for more than 87K SF of office space at Zeppelin Development’s Taxi campus at 3575 Ringsby Court in Denver.
Boa has been a tenant at Taxi since 2012, according to a press release from Zeppelin. The lease is one of the largest commercial transactions in Denver this year.
“Boa’s global headquarters in the Flight building at Zeppelin Development’s TAXI campus is an important epicenter for our company as an inspiring connection point for our employees, brand partners and community organizations,” Boa CEO R. Shawn Neal said in a press release. “We look forward to growing over the next decade in this great facility and supporting the surrounding community.”
SALES
A 6K SF office building at 1638-1640 Logan St. in Denver sold for $1.25M to an undisclosed buyer. NorthPeak Commercial Advisors’ Joe Hornstein and Scott Fetter represented the seller.
***
Marcus & Millichap arranged the sale of an 80K SF StorQuest self-storage facility in Aurora. The property, which sold for an undisclosed sum, has one multistory climate-controlled building and 11 single-story buildings consisting of 261 climate-controlled units and 353 nonclimate-controlled units.
LEASES
Snell & Wilmer, one of the largest full-service law firms in the U.S., leased 30K SF of office space at Block 162 at 675 15th St. in Denver. The law firm was represented by CBRE’s Chuck Nixon and Savills’ Rick Schuham. Cushman & Wakefield’s Todd Wheeler and Doug Wulf represented the landlord, Patrinely Group.
FINANCING
JLL secured $99M for Greystar to refinance The Fitzgerald, a 282-unit luxury apartment building in Denver’s LoDo neighborhood. The floating-rate loan carries a three-year term and was provided by Otera Capital.
THIS AND THAT
TRVE Brewing Co. and Full Metal Burgers will open locations at Mica RiNo, a new luxury apartment community in Denver’s River North business district. Both companies have heavy-metal aesthetics and will lease a combined 6K SF of retail space.
***
MGL Partners, a Denver-based multifamily developer, broke ground on a new 50-unit affordable housing complex for seniors this week. The project, known as the St. Stephens Senior Apartments, is located in the Central Park neighborhood and will support people aged 62 years and older who earn between 30% and 60% of the area’s median income, or between $26K and $52K per year.
