The Denver metropolitan area's commercial real estate market is showing significant activity, with a series of high-value sales and strategic leases closing as the year ends. Major transactions include a $7.66 million hotel acquisition in Aurora and new dining establishments announced for Broomfield's FlatIron Crossing, signaling robust investor confidence across multiple sectors.
From hospitality and retail to industrial warehouses and healthcare facilities, properties across Denver, Aurora, Littleton, and Arvada have changed hands. These deals reflect a dynamic market with movement in both sales and leasing, indicating growth and repositioning among local and national businesses.
Key Takeaways
- Three popular restaurant brands—Shake Shack, Blue Sushi Sake Grill, and Memoir – An American Grill—will open at HiFi at FlatIron Crossing in 2027.
- A Fairfield Inn & Suites hotel in Aurora was sold for $7.66 million.
- Mile High Behavioral Healthcare invested over $7.5 million in properties in Denver and Englewood to expand its services.
- Industrial and multi-family properties saw significant sales, including a $6.8 million deal in Arvada and a $5.2 million transaction in Littleton.
Hospitality and Retail See Major Investments
Broomfield's retail landscape is set for a significant enhancement with the announcement of three new restaurants at the HiFi at FlatIron Crossing. The 25-acre mall will welcome Shake Shack, Blue Sushi Sake Grill, and Memoir – An American Grill. The establishments are scheduled to open their doors in 2027, promising to draw new visitors to the shopping center.
In the hospitality sector, a major transaction was recorded in Aurora. The Fairfield Inn & Suites located at 13851 E. Harvard Ave. was acquired by Voyage Co II LLC in a deal valued at $7.66 million. The seller of the hotel property was Dasea LLC. This sale underscores continued investor interest in the region's lodging and tourism industry.
A Shifting Commercial Landscape
The mix of retail, hospitality, and healthcare-related real estate transactions points to a diversifying local economy. While traditional office and industrial spaces remain crucial, investments in consumer-facing and community-service properties highlight evolving priorities for developers and investors in the Denver area.
Industrial and Office Properties Drive Sales Volume
The industrial market remains a hotbed of activity. In Arvada, Mountain-Plains Investment Corp. purchased an industrial property at 5550 W. 60th Ave. for $6.8 million from Singletrack Investment Group LLC. This deal highlights the strong demand for well-located industrial assets.
Another significant sale occurred in Littleton, where MVP Littleton LLC purchased a 2.5-acre property with two buildings at 5081-5099 S. Rio Grande St. The transaction, valued at $5.2 million, was brokered by representatives from Unique Properties and Stream Realty. The seller was Rio Grande LLC.
Other Notable Sales Across the Metro
The market saw several other multi-million dollar deals, indicating widespread activity:
- Parker: A property at 2200 S. Parker Road was sold for $3.5 million to CTS Holding LLC by Awada Enterprises LLC.
- Centennial: DSAD LLC acquired the property at 8239 S. Holly St. for $2.13 million from Heritage Green Plaza LLC.
- Arvada: A 10,985-square-foot industrial building at 5345 Marshall St. was purchased by 5345 Marshall LLC for $1.67 million.
- Denver: A nine-unit apartment complex at 1291 Gaylord St. was sold to Sherman and Karla Trapp for $1.33 million.
Total reported sales value from just seven of the major transactions in this period exceeds $28 million, showcasing the significant capital flowing into Denver's commercial real estate market.
Healthcare and Community Services Expand
A notable trend is the expansion of healthcare and community-focused organizations. Mile High Behavioral Healthcare and the Mile High Council on Alcoholism and Drug Abuse made substantial investments to grow their operational footprint.
The organizations jointly purchased a property at 4242 Delaware St. in Denver for $3.09 million from Channing Inc. In a separate transaction, they also acquired properties at 3460 S. Federal Blvd. and 3461 S. Eliot St. in Englewood for $4.5 million. These acquisitions represent a combined investment of over $7.5 million aimed at enhancing service delivery in the community.
Leasing Activity Signals Business Growth
Beyond property sales, the leasing market demonstrates that businesses are actively expanding and relocating within the Denver area. This activity provides a clear indicator of business confidence and operational growth.
In one of the larger lease agreements, Farwest Corrosion Control Company secured 9,225 square feet of industrial space at 6400 E. 44th Ave. in Denver. Alex Clark of Lee & Associates represented the tenant in the transaction.
Other key leases include:
- MidFirst Bank: Leased 5,765 square feet at 4582 S. Ulster St. in Denver.
- The Rodman Law Group: Secured 3,621 square feet at 165 S. Union Blvd. in Lakewood.
- The Commencement Group Inc.: Leased 3,200 square feet at 3596 Moline St. in Aurora.
- Crown Trophy: Signed a lease for 1,937 square feet at 7300 S. Alton Way in Centennial.
These transactions, spanning industrial, financial, legal, and retail services, paint a picture of a healthy and diverse business environment looking to secure physical space for future growth.
