Latest News

DePaul Real Estate Advisors Arranges the Purchase, Financing and Asset Management of Multi-Tenant Industrial Property  
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.

What's happening in the Denver area?
Stay up-to-date by clicking the links below:
 

• Miller's Landing | Castle Rock's urban renewal development
  • Miller's Landing is a proposed 877,000-square-foot mixed-use development on 65 acres at the northwest corner of Interstate 25 and Plum Creek Parkway.

• Denver industrial real estate market "very competitive" for tenants displaced by upcoming development
  • Wednesday, April 12, 2017 - Businesses occupying about 2 million square feet of industrial real estate in Denver are going to be displaced as a result of the widening of I-70 and ongoing gentrification in and around the River North Art District.

• Denver Now Requires Energy Benchmarking - Are You Read to Comply?
  • Friday, April 14, 2017 - The first deadline for Denver's new energy benchmarking requirement is fast approaching - come June 1 of 2017, buildings over 50,000 square feet are required to submit their annual report.

• Denver rents actually inch up as apartments rise at near-record clip
  • Thursday, April 20, 2017 - The 3,200-plus new units is the most the city has seen since 2002.

• Measure to require arbitration for construction defects gets the ax in the House
  • Thursday, April 20, 2017 - Most of the half dozen bills introduced this year to deal with Colorado's construction defects statutes have either died or are headed in that direction.

• Metro Denver unemployment rate drops to 2.4 percent
  • Friday, April 21, 2017 - Metro Denver's unadjusted unemployment rate dropped to 2.4 percent in March, down from 3.6 percent one year ago.

• Property values leap by double digits across metro Denver
  • Tuesday, April 25, 2017 - The median projected commercial property value increase in Denver is 20 percent, while the same projected increase for residential properties is 25.9 percent. Apartment buildings posted a record-setting projected median increase of 45 percent.

Contact DePaul Real Estate Advisors today to see how the team can help you execute your project in the Denver Market.

Paul DeCrescentis | President | Investment Sales & Mortgage Brokerage 303-333-9799
Jarod Pate | Senior Analyst, Broker | Investment Sales & Mortgage Brokerage 720-881-2727
Matthew Watson | Broker | Landlord & Tenant Representation 303-333-9799
Lance Eberhard | Broker | Landlord & Tenant Represenation 303-333-9799

Regards to all of our clients and industry professionals.

DePaul Real Estate Investment Group, Inc. has evolved its name to DePaul Real Estate Advisors. This better reflects the services that we have been providing our clients since our inception in 2000. DePaul Real Estate Advisors covers all commercial property segments. We provide our clients diverse in-house advisory services for Capital Markets structuring of Debt, Joint Ventures, and Investment Sales. Integral to the enhancement of value is DePaul Real Estate Advisors' Landlord and Tenant leasing services. Overall, this integrated platform allows us to creatively and professionally advise clients on the various facets of a project.

With transaction values of over $3.5 billion completed, the DePaul Real Estate Advisors team is grateful to its diverse group of clients that entrusted us to be their advisors. We welcome the opportunity to formulate a plan incorporating DePaul Real Estate Advisors' methods to maximize the value of your real estate assets.

Please note our new address:
4500 Cherry Creek Drive South, Suite 860
Denver, Colorado 80246-1521

We are at your service.

Best regards,
Paul DeCrescentis
President

LAKEWOOD, January 3, 2017—Lance Eberhard of DePaul Real Estate Advisors is enthused to announce the execution of a lease by Corporate Caterers, a full-service catering company, at Hampden Square. The unit is 1,608 square foot with a NNN lease. Lance Eberhard represented the tenant while Brandi Spencer of RE1313, LLC represented the landlord.

Hampden Square is a neighborhood retail shopping center located near US Hwy 85 and Wadsworth in Lakewood, Colorado. The property has a variety of local tenants and Corporate Caterers is sure to be a great fit there.

For more information regarding commercial property leasing, please call Lance Eberhard or Matthew Watson 303-333-9799. 

LONE TREE, February 8, 2017—DePaul Real Advisors is pleased to announce the sale of a 44,898 SF multi-tenant retail strip center located in Lone Tree, Colorado. Paul DeCrescentis and Jarod Pate represented the seller, a private real estate investor group.

Lone Tree Commons boasts 17 tenants and is currently 100% leased. Given the property’s location in the Park Meadows Mall vicinity and directly across from a Sam’s Club, daytime population and traffic counts are strong. With a family-oriented tenant-mix of national and local businesses, Lone Tree Commons was an ideal investment opportunity.  

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 additional information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.