Page 12AA —
COLORADO REAL ESTATE JOURNAL
— December 3-December 16, 2014
vard Ave. for $4 million, or
$54.02 per sf. The three-story
building, with 47 percent occu-
pancy, is situated along the
I-225 Rail Line.
“With the opening of the I-225
Rail Line in 2016, Aurora will
become regionally connected
and our building will be adja-
cent to the Iliff Station and Park-
n-Ride facility, offering great
access to transportation,” said
Sean Sjodin, NexGen’s director
of acquisitions.
“It will be one of only a few
office buildings along that I-225
corridor that will have that fea-
ture,” said Patrick Devereaux of
JLL, who represented the seller,
Rosemont Realty, with JLL’s
Jason Schmidt.
“It’s great upside potential in
a building that faces Interstate
225 and the ownership will
truly benefit from owning an
asset that has walkable access
to the light-rail station,” com-
mented Devereaux.
NexGen Properties will
rebrand the asset, completing
significant renovations to the
interior common areas, replac-
ing the roof and updating inter-
nal building systems. “Over-
all Central Place is a well-built
building with great potential,”
said NexGen Vice President
Travis McNeil.
The third floor of the build-
ing is vacant, offering a rare
contiguous block of space with
“phenomenal” Front Range
mountain views, he said.
“With Central Place becom-
ing one of the most light-rail-
accessible office locations in
Aurora, the third floor oppor-
tunity checks every box for a
corporate user, also offering
top-floor, large-tenant presence,
extensive window line and a
strong identity with highly vis-
ible exterior building signage,”
said Jonathan Jones of Colliers
International, who is marketing
the property for lease.
Central Place, built in 1986,
currently has 14 local and
regional tenants.
s
to public records.
Charczenko paid $1.8 million,
or $59.28 per sf, for the 30,366-sf
multitenant building on Rapp
Street in downtown Littleton
and has plans to update the
common areas. D&J Steele LLC
sold the property in a deal han-
dled by Jere-
miah Maupin
of John Propp
Commercial
Group.
The three-
story build-
ing at 9145 E.
Kenyon sold
for $1.15 mil-
lion, or $61.74
per sf. Eric
Gold of Sheldon-Gold Realty
Inc. represented the seller, 9145
East Kenyon LLC.
The 18,625-sf building was
fully occupied by small, local
tenants.
It was a good opportunity for
an investor that was looking for
a leased investment,” said Gold,
adding the building recently
was renovated.
Charczenko also recently
acquired a 23,272-sf office build-
ing leased primarily to medical
tenants at 300 E. Hampden in
Denver. The building sold for
$1.83 million, or $78.42 per sf.
Other News
n
Several tenants have leased
space at 101 University, a recent-
ly renovated 59,000-square-foot
office building at University
and Speer boulevards in Cherry
Creek North.
Trilogy Financial Services
leased 6,179 sf, while
Capital
Value Advisors
signed a lease
for 5,026 sf. Leases also were
executed with
North American
Title,
4,045 sf,
Alderman & Bern-
stein,
2,488 sf, and
Kalstrom
Energy,
1,604 sf.
“We’ve obviously had strong
demand for office space at 101
University and it is carrying
over to our new office building
that is part of our 250 Colum-
bine development,” said
David
Steele,
a partner in
Western
Development Group.
“We
recently leased two full floors of
office space to
Cambiar Inves-
tors LLC,
and we have a num-
ber of other companies that are
showing strong interest in our
remaining office spaces at 200
Columbine.”
Jeff Caldwell
and
Blake Hol-
comb
of
Pinnacle Real Estate
Advisors
handle office leasing
for both properties.
s
Central Place is adjacent to the Iliff light-rail station on the I-225 light-rail line, which will open in 2016.
The office building at 9145 E. Kenyon Ave. in Denver is among several
properties investor Peter Charczenko recently acquired.
Eric Gold
