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Page 4 - April 5-18, 2017 Colorado Real Estate Journal
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(ISSN 1060-4383) Vol. 26 No. 7
Pinnacle Real Estate Advi-
sors LLC has named 15 top-
producing brokers and key
employees principals of the
Denver-based company.
“These individuals all share
an entrepreneurial vision and
are focused on providing their
clients with excellent adviso-
ry services. Each has proven
a high level of market exper-
tise in investment sales and/
or leasing as well as a commit-
ment to client service and the
company’s core values,” said
Matt Ritter, who co-founded
Pinnacle Real Estate Advisors
with Jeff Johnson 10 years ago.
The newprincipals are: Justin
Brockman, Kevin Calame, Jeff
Caldwell, Rob Edwards, Tom
Ethington, Jules Hochman,
Blake Holcomb, Joe Hornstein,
Jim Knowlton, Justin Krieger,
Matt Lewallen, James Man-
sfield, Jamie Mitchell, Josh
Newell and Paul Schneider.
They and other Pinnacle
professionals have an oppor-
tunity to earn equity shares in
the company going forward.
While the initial group of prin-
cipals is made up largely of
senior brokers, the opportunity
is available to all brokers and
future recruits. The program is
designed to include additional
phases of new principals, from
up-and-coming professionals
to seasoned brokers looking
for a new platform and culture.
“Our objective is to have a
vibrant, full-service real estate
company with top-producing
brokers whose visions are
aligned with ours and who
share a sense of ownership for
the company going forward,”
said Johnson.
Ritter said the decision to
add principals is something he
and Johnson have shared for
many years. “These folks were
just so instrumental in our suc-
cess over the last 10 years that
we wanted to reward them for
that effort. We think it’s some-
thing unique in the industry
that most companies don’t do.
“If you’re a young broker
who is 25 years old and trying
to figure out what company
you want to work for, we think
it’s a big deal to know that you
can work toward being our
partner.”
“It’s a significant commit-
ment on the part of Pinnacle
and also a commitment from
brokers toward the company’s
long-term success,” said Mans-
field, Pinnacle’s vice president
and managing director. The
opportunity to be a principal
in a company often isn’t attain-
able, he said, particularly as
institutional real estate firms
continue to consolidate. It’s
unique for a company to make
the opportunity available to
such a large group, he said.
Pinnacle is a locally owned
commercial real estate compa-
ny with more than 50 brokers,
who completed $622 million in
transaction volume in 2016.
“Pinnacle has achieved great
milestones thanks to our loyal
clients, dedicated staff and
the teamwork exhibited by
our entrepreneurial brokerage
teams,” said Ritter. “This next
step achieved by our newly
named principals is a vital com-
ponent to the Pinnacle vision,
brand and culture valued by
all of our brokers and staff. We
look forward to expanding our
leadership group and growing
by adding additional brokers
and principals in the coming
years.”s
Metro Denver
by Jill Jamieson-Nichols
LBA Realty purchased a port-
folio of five freestanding, Class A
industrial buildings for $26.4 mil-
lion, or $126.67 per square foot.
The buildings comprise 208,418
sf at Mountain West Business
Park, which fronts Interstate 70
at the I-225 interchange. Moun-
tain West Industrial Properties
developed and sold the portfolio,
which it completed in 2008.
“They are Class A buildings
that were built as individual
buildings, which is sort of unusu-
al,” said Jim Bolt, executive vice
president in CBRE’s industrial
and logistics brokerage group.
“Users are drawn to the build-
ings because of the individual
nature of the buildings, and vis-
ibility and Class A features.”
Located at 4210-4250 Carson
St. in Denver’s main warehouse/
distribution submarket, the
buildings were fully occupied
at the time of the sale. The list
of regional and national tenants
includes Ford AV, the Stone Col-
lection, Interstate Restoration, J.
Schneider Power Supplies Inc.,
Kaman Industrial Technologies
and HW Home. The average
remaining lease term is more
than five years.
Mountain West Business Park
offers high-image, state-of-the art
construction, including building
heights that range from 18 to 30
feet. There are additional build-
ings that were not part of the sale.
“It was really a unique offering
to the market,” said Bolt, who