Latest News
What's Happening In Colorado
August 26, 2019
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Could we see a 0% yield 10-year Treasury?
Ohio Real Estate Company Purchases Brighton Apartments for $72M
12-Building apartment complex is powered with geothermal energy
Second In-N-Out Location Slated for Lone Tree, Colorado
Restaurant has a projected opening in 2020
CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
Closed & Funded
DePaul Real Estate Advisors Announces Sale of New Dollar Tree Store in Grand Junction, CO
August 23, 2019
DePaul represented the seller in the transaction, DPC Companies, a Denver-based development firm. The buyer is a private 1031 investor represented by Justin Krieger at Pinnacle Real Estate Advisors. The property is subject to a new 10 year lease with Dollar Tree. "This asset has many attributes a sophisticated, passive investor desires: It is a new construction, a NNN lease structure, and an excellent credit tenant," says Jarod Pate, Vice-President of DePaul. The store is an outparcel to City Market (Kroger) and recently opened for business in August.
The Grand Junction area, estimated population of 150,000, is located on the Western Slope of Colorado, approximately 37 miles from the Utah state line which makes it one of the first places people stop when they cross the state line. It is the home of a thriving outdoors industry, manufacturing, agriculture and the Colorado Mesa University.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income producing and investment properties, commercial financing, leasing and site selection. How can we help you execute your project? For more information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.
Closed & Funded
DePaul Real Estate Advisors Arranges Refinancing of Multi-Tenant Retail Property
August 8, 2019
DePaul Real Estate Advisors is pleased to announce the successful refinance and close of Milestone Shopping Center, a 57,262 SF multi-tenant retail center in Castle Rock, Colorado. Milestone Shopping Center stands out as a "Class A" shadow-anchored center perfectly positioned at Interstate 25 and Founder's Parkway.
Paul DeCrescentis and Jarod Pate represented the borrower, an out-of-state family office, and gathered competitive loan proposals to create a competitive bidding environment among lenders. "We worked to get the very best rate and terms on behalf of our client," says Jarod Pate. "The result is a non-recourse cash out refinance of the existing debt. The new loan features a ten-year term, an interest rate below 3.75%, fixed for ten years with payments on an interest-only basis for the duration of the loan." DePaul Real Estate Advisors provides a suite of services including acquisition, disposition, financing, leasing and asset management.
Milestone Shopping Center includes 57,262 SF of building space with 28 tenants and at the time of refinance was 100% occupied with flexible unit sizes ranging from 1,000 SF to 4,123 SF. It includes both freestanding pad sites with major long-term tenants such as Sonic and Circle K as well as multi-tenant buildings with contemporary tenants such as Papa Murphy's Pizza, Baskin Robbins, and Dependable Cleaners. The complex hosts a variety of retail suites that appeal to the more than sixty-two thousand people in the local community that have helped to build the economy of Castle Rock into one of the fastest growing communities in Colorado.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income producing and investment properties, commercial financing, leasing and site selection.
For more information regarding the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.
What's Happening In Colorado
June 17, 2019
Historic Denver Election Results
Three incumbents are voted out and clerk & recorder results are close
Ski Resorts Pay Record-Setting Rent Payment to the Federal Government
Forest Service to keep more ski area fees
Hines and Partner Pay $21 Million for 2.5 Acres in RiNo
10-story development project planned for the space which neighbors a concert venue
Broadway Sports Castle to be Repurposed
The building will be part of a new plan to develop hundreds of apartments
Hemp Changes the Value of Farm Land
Hemp crops have a strong return on investment for farmers
CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com
Done Deals at DePaul
We've Got Colorado Covered!
April 12, 2019
SOLD - $2,903,500 - Winter Park, CO
SOLD - $1,327,000 - Grand Junction, CO
LEASING
Empower Community High School leased 28,287 SF at City Center Marketplace in Aurora, CO.
H&R Block leased 1,931 SF at Milestone Shopping Center in Castle Rock, CO.
Mountain Temp Services leased 1,100 SF at Wilmore Shopping Center in Wheat Ridge, CO.
Spring Foot Massage leased 1,120 SF at Ralston Plaza in Arvada, CO.
H&R Block leased 1,795 SF at Smoky Hill Village in Centennial, CO.
Block21 Fitness leased 1,740 SF at Archer Tower in Denver, CO.
Thermory USA leased 1,190 SF at Parkway Center in Highlands Ranch, CO.
Novae Beautique leased 1,262 SF at Centennial Center in Centennial, CO.
JoJo's Cafe leased 16,200 SF at 10251 W. Bowles Ave. in Littleton, CO.
Chem Dry of Colorado leased 3,701 SF at Stapleton Square Business Center in Denver, CO.
Integrated Control Systems leased 5,306 SF at Stapleton Square Business Center in Denver, CO.
Teddy Bear Logistics leased 2,382 SF at Gateway Plaza Business Center in Aurora, CO.
Pure Barre leased 1,381 SF at Milestone Shopping Center in Castle Rock, CO.
CALL PAUL OR JAROD TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521
303-333-9799
www.depaulrea.com