This Week’s Denver Deal Sheet
The Opus Group broke ground on a 253-unit multifamily complex at 4600 S. Syracuse St. in the Denver Tech Center.
The site previously operated as a parking lot adjacent to a 14-story office tower. It is about a mile from the Belleview RTD light rail station and the I-25/I-225 interchange. Opus Group plans to deliver the project in November 2025.
“Denver Tech Center is an attractive location for Denver residents looking for walkability, access to restaurants and entertainment, and proximity to key employers,” Opus Director Eric Chamberlin said in a statement. “This new luxury apartment development will help meet the demand for housing in this fast-growing area.”
PEOPLE
Saunders Construction promoted several people to new positions this week. Ryan Balakas was promoted to general manager of Saunders Commercial Construction; Dale Schneider was promoted to general manager of Saunders Concrete Structures; Derek Breier, Nathan Wilks and Allan Williams were all promoted to area managers for the northern Colorado market; Curtis Underwood was promoted to construction manager; and Sean Jackson and Matt Johnson were both promoted to general superintendent.
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Brokerage Hoff & Leigh Denver added Chris Camozzi as a new broker associate. Camozzi was previously a mixed martial arts fighter who appeared on The Ultimate Fighter. He is also an entrepreneur and operates a training app called Jiu Jitsu on the Go.
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McWhinney named Logan Sheffield as managing director of institutional capital markets. Sheffield previously worked in the same role for Graceada Partners.
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St. John Properties Inc. brought on Jenna Kendall as junior construction manager in the firm’s Colorado office. Kendall has roughly 24 years of experience and previously worked as a construction manager for DT Construct.
SALES
A 21-unit multifamily building at 750 Dayton St. in Aurora sold for $2.575M, or roughly $122K per unit, this week. NorthPeak Commercial Advisors’ Joe Hornstein and Scott Fetter represented the buyer in the transaction.
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Private equity firm Ascentris purchased the 166K SF Park Ridge VI office building in Lone Tree for $23M, or roughly $141 per SF, IPE.com reported.
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Long Capital Investors, a San Francisco-based investment firm, purchased the 66-unit Link 35 apartment complex in Denver’s River North business district for $21.5M. Berkadia Denver’s Nick Steele and Nate Moyer represented the seller, California-based John Evilsizor Realty.
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Los Angeles-based Hill Street Realty purchased a seven-story, 200-unit apartment building at 828 N. Broadway for $62M. Walker & Dunlop’s David Potarf, Dan Woodward, Matt Barnett and Jake Young represented the seller, Azure Partners.
LEASES
Relentless Volleyball Club leased 39.5K SF of industrial space at 3533 Timber Mill Parkway in Castle Rock. Newmark’s Mike Wafer, Jr. represented the tenant.
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Malco Auto Supply LLC leased a 3.9K SF industrial space at 2464 S. Tejon St. in Englewood. Newmark’s Brian Wingate represented the tenant.
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Bow River Capital signed a lease for 30K SF of office space at Magnetic Capital’s new 2nd & Adams office building in Cherry Creek North. CBRE’s Blake Holcomb brokered the deal.
THIS AND THAT
Denver-based transaction software company eGent was acquired this week by MRI Software, a real estate software company. Both companies declined to share financial details of the deal.
