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First Quarter Recap at DePaul Real Estate Advisors
April 4, 2018
Friends and Colleagues,
We are pleased to congratulate the businesses and investors on the following done deals in Q1 2018:
Paul DeCrescentis and Jarod Pate structured a $6,000,000 equity investment for the acquisition and repositioning of a value-add mixed-use property in Scottsdale, AZ.
A Denver-based investment group purchased a single-tenant investment property at 2030 S Cherokee in Denver, CO. The $2,500,000 purchase was structured as a triple net sale-lease back with Declaration Brewing Company. Paul DeCrescentis and Jarod Pate represented the buyer and also handled lease negotiations. Thanks to Tanner Johnson at Cushman & Wakefield who represented the seller. Paul DeCrescentis and Jarod Pate structured the debt financing as well, which was provided by a regional bank.
An out-of-state real estate investor purchased the land at 2278 Manatt Court in Castle Rock, CO for $1,125,000. Jarod Pate and Paul DeCrescentis represented the buyer. Thanks to Steve Garrison at Garrison Brokerage Group who represented the seller.
Fireside Market opened for business at Sitzmark South in Winter Park, CO. The 19,000-sqaure foot grocery store anchors a new mixed-use development that includes retail, office and condominiums. Jarod Pate and Paul DeCrescentis assisted the property owner with lease negotiations.
Chuy’s Tex Mex commenced construction at Greenwood Retail Plaza in Greenwood Village, CO. The restaurant is expected to open in the summer of 2018. Jarod Pate and Paul DeCrescentis handled lease negotiations for the property owner.
Magnolia Medical leased 2,000 square feet at Stapleton Square Business Center in Denver, CO. Jarod Pate represented the property owner.
Red Star Vapor leased 1,458 square feet at Plaza de Santa Fe in Denver, CO. Jarod Pate represented the property owner. Our thanks to Rachel Cohen at Boulder Brokers who represented the tenant.
A Denver-based real estate investor purchased the restaurant at 2020 Bridge Street in Brighton, CO for $715,000. Jarod Pate represented the buyer. Thanks to Todd Brown and Jason Keith at BRC Real Estate who represented the seller.
Relaxing Corner leased 2,000 square feet at the Harmony Center located on College Ave. and Harmony Road in Fort Collins, CO. Lance Eberhard and Matthew Watson of DePaul Real Estate Advisors represented the tenant and Nathan Klein of LC Commercial represented the property owner.
Relaxing Corner leased 2,179 square feet at the Lake Plaza Shopping Center located at 9000 W. 88th Ave. in Arvada, CO. Lance Eberhard and Matthew Watson of DePaul Real Estate Advisors represented the tenant and Corey Cross of AXIO Real Estate represented the property owner.
Northeast Imported Parts leased 4,264 square feet at Gateway Plaza Business Park in Aurora, CO. Jarod Pate represented the property owner.
Best Drywall, Inc. leased 2,510 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner.
ECOS Environmental & Disaster Restoration, Inc. leased 4,844 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner. Thanks to Yvonne Gagnier at The Colorado Group who represented the tenant.
The Spice Guy leased 3,777 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner. Thanks to Travis Plakke at Sullivan Restaurant Group who represented the tenant.
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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.
Read More...
We are pleased to congratulate the businesses and investors on the following done deals in Q1 2018:
Paul DeCrescentis and Jarod Pate structured a $6,000,000 equity investment for the acquisition and repositioning of a value-add mixed-use property in Scottsdale, AZ.
A Denver-based investment group purchased a single-tenant investment property at 2030 S Cherokee in Denver, CO. The $2,500,000 purchase was structured as a triple net sale-lease back with Declaration Brewing Company. Paul DeCrescentis and Jarod Pate represented the buyer and also handled lease negotiations. Thanks to Tanner Johnson at Cushman & Wakefield who represented the seller. Paul DeCrescentis and Jarod Pate structured the debt financing as well, which was provided by a regional bank.
An out-of-state real estate investor purchased the land at 2278 Manatt Court in Castle Rock, CO for $1,125,000. Jarod Pate and Paul DeCrescentis represented the buyer. Thanks to Steve Garrison at Garrison Brokerage Group who represented the seller.
Fireside Market opened for business at Sitzmark South in Winter Park, CO. The 19,000-sqaure foot grocery store anchors a new mixed-use development that includes retail, office and condominiums. Jarod Pate and Paul DeCrescentis assisted the property owner with lease negotiations.
Chuy’s Tex Mex commenced construction at Greenwood Retail Plaza in Greenwood Village, CO. The restaurant is expected to open in the summer of 2018. Jarod Pate and Paul DeCrescentis handled lease negotiations for the property owner.
Magnolia Medical leased 2,000 square feet at Stapleton Square Business Center in Denver, CO. Jarod Pate represented the property owner.
Red Star Vapor leased 1,458 square feet at Plaza de Santa Fe in Denver, CO. Jarod Pate represented the property owner. Our thanks to Rachel Cohen at Boulder Brokers who represented the tenant.
A Denver-based real estate investor purchased the restaurant at 2020 Bridge Street in Brighton, CO for $715,000. Jarod Pate represented the buyer. Thanks to Todd Brown and Jason Keith at BRC Real Estate who represented the seller.
Relaxing Corner leased 2,000 square feet at the Harmony Center located on College Ave. and Harmony Road in Fort Collins, CO. Lance Eberhard and Matthew Watson of DePaul Real Estate Advisors represented the tenant and Nathan Klein of LC Commercial represented the property owner.
Relaxing Corner leased 2,179 square feet at the Lake Plaza Shopping Center located at 9000 W. 88th Ave. in Arvada, CO. Lance Eberhard and Matthew Watson of DePaul Real Estate Advisors represented the tenant and Corey Cross of AXIO Real Estate represented the property owner.
Northeast Imported Parts leased 4,264 square feet at Gateway Plaza Business Park in Aurora, CO. Jarod Pate represented the property owner.
Best Drywall, Inc. leased 2,510 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner.
ECOS Environmental & Disaster Restoration, Inc. leased 4,844 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner. Thanks to Yvonne Gagnier at The Colorado Group who represented the tenant.
The Spice Guy leased 3,777 square feet at Gateway Plaza Business Park in Aurora, CO. Matt Keyerleber and T.J. Smith at Colliers and Jarod Pate at DePaul Real Estate Advisors represented the property owner. Thanks to Travis Plakke at Sullivan Restaurant Group who represented the tenant.
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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.
Closed & Funded
DePaul Real Estate Advisors Closes Single-Tenant Value-Add Investment Property
Brighton, CO, March 12, 2018
- Just Closed
- Vacant Restaurant Property
- 26% discount from list price
- Lease signed while in escrow
- Growing Denver suburb
- Investor now set with 10-yr NNN lease
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 or visit www.depaulrea.com.
Closed & Funded
DePaul Real Estate Advisors arranges acquisition of Ground Lease Investment Property
CASTLE ROCK CO, January 2, 2018
DePaul Real Estate Advisors is pleased to announce the successful acquisition of the fee interest in a ground lease investment property in Castle Rock, Colorado. The property is a new light industrial development located at Perry Street and Manatt Court in Castle Rock, Colorado, consisting of four buildings and approximately 47,000 square feet of mixed-use space.
Paul DeCrescentis and Jarod Pate represented the buyer, an independent out-of-state investor in a 1031 exchange. The seller was represented by Steve Garrison of Garrison Brokerage Group.
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.
Read More...
Paul DeCrescentis and Jarod Pate represented the buyer, an independent out-of-state investor in a 1031 exchange. The seller was represented by Steve Garrison of Garrison Brokerage Group.
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.
Closed & Funded
AURORA CO, June 27, 2017 – DePaul Real Estate Advisors is pleased to announce the acquisition and financing of Gateway Plaza, a 125,228-square foot, flex industrial park located within Denver’s flourishing East I-70/Montbello submarket. The sale price was not disclosed.
Paul DeCrescentis and Jarod Pate represented the buyer in the purchase and arranged acquisition financing. The buyer is one of the family offices for which DePaul Real Estate Advisors provides a suite of services including acquisition, disposition, financing, leasing and asset management. “The transaction consummates the successful redeployment of equity proceeds from an earlier real estate sale, which was planned as a 1031 exchange,” said Jarod Pate. “In addition to securing the property acquisition, we structured a non-recourse loan, which features a 4% interest rate and an interest-only period.”
The seller, a multi-state commercial investment firm, was represented by T.J. Smith, Brad Calbert, Matt Keyerleber and Nick Rice of Colliers International.
Gateway Plaza is a five building complex that consists of 125,228 square feet located near I-70 and Peoria. The area has undergone significant infrastructure upgrades with the recent reconstruction of Peoria Street over Smith Road and the nearby addition of Peoria Station, a transit hub at the convergence of the A-Line, which runs from Union Station in LoDo to Denver International Airport, and the R-Line, which traverses Aurora to the Denver Tech Center. In addition to transit connectivity, the property has excellent access to I-70, Peña Boulevard and to I-225.
At the time of closing, Gateway Plaza was 97% leased to 30 tenants. The flexible unit sizes range from
1,962 square feet to 10,749 square feet, providing smaller tenant spaces that can’t be economically reproduced in the today’s construction market. “The low vacancy rate at this property is representative of the state of the strength of the greater commercial real estate market in Denver,” describes Paul DeCrescentis. “The combination of impressive population growth, very low unemployment and constrained supply of new construction is creating a competitive market for tenants and investors alike. We are pleased to have executed this on behalf of our investor.”
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.