Colorado-Real-Estate-Journal_499210

INSIDE 14 6 FEATURED CONTENTS DECEMBER 17, 2025-JANUARY 6, 2026 Office 6 Industrial 10 Multifamily 14 Retail 18 Finance 27 Law & Accounting 32 CDE News 34 Who's News 48 10 Flexible workspace IWG adds six new coworking spaces along the Front Range IOS acquisition Alterra IOS buys three industrial properties in Denver metro area Mid-income housing Evergreen Real Estate Group plans 80-unit community in Sun Valley 18 Neighborhood retail Hidden Lake Shopping Center sells for $14.5 million in off-market deal by Avalon Jacka GOLDEN – A 177-unit mul- tifamily community sold for the first time since its construc- tion in 2015. L&G – Asset Management, America acquired Outlook Golden Ridge, located at 544 Golden Ridge Road, from project developer Evergreen Devco Inc. for $81.88 mil- lion, according to Apartment Insights. The property, which was 95% occupied at the time of sale, will be renamed The View at Golden Ridge. “I am pleased to welcome The View at Golden Ridge to our U.S. multifamily portfo- lio,” said Alexia Gottschalch, L&G head of U.S. real estate equity, asset management, America. “This acquisition L&G buys Outlook Golden Ridge for $82M by Avalon Jacka DENVER – A global financial institution signed a lease for an entire floor of a 30-story, Class A speculative office building in the central business district. Bank of America leased 29,181 square feet on the 18th floor of Block 162, located at 675 15th St., from building owner Patrinely Group LLC. The ten- ant is expected to move into the space in fall 2026. “We look forward to occu- pying new space at Block 162 and strengthening our support to downtown Denver’s busi- ness community,” said Gabby Hodgson, Bank of America Colorado president. “Colorado remains an important growth market for our company, and this move underscores our commitment and continued investments as we build on our history in the state.” JLL’s Liz Osbourne and Cushman & Wakefield’s Mitch Munt represented Bank of America in the lease trans- action. Todd Wheeler and Doug Wulf, also of Cushman & Wakefield, represented the landlord in cooperation with Patrinely’s Dennis Tarro. “Bank of America’s deci- sion to sign a long-term lease at Block 162 is a testament to the premium they put on the quality and flexibility the build- ing offers to create the type of office culture they want for their employees and partners,” said Patrinely Group Rocky Mountain Region Senior Vice President David Haltom. Completed in 2021, the 596,295-sf LEED Gold certified building features office space on floors 11-30, as well as three vacant ground-floor retail spac- es totaling more than 10,000 sf. Leven Downtown previously signed a lease for 6,666 sf for a retail space and is expect- ed to open in 2026. Building amenities include a 1.7:1,000- sf parking ratio in a 10-floor, above-grade podium garage; an outdoor sky terrace with a roof garden, dedicated exercise lawn, seating areas, a confer- ence table, and two fire pits; an 11th-floor amenity area with a social lounge, conference and meeting space, a fitness cen- ter that opens onto the exercise lawn with locker rooms and private showers; and mountain and city views. Patrinely is actively engaged in negotiations with potential tenants for Block 162’s first- generation office space, which is available for immediate ten- ant build-out. The building cur- rently has approximately 25% vacancy. Bank of America provides a full range of banking, invest- ing, asset management, and other financial and risk man- agement products and services. The company serves nearly 70 million consumer and small- business clients in the U.S., its territories and more than 35 countries. Headquartered in Houston, Patrinely is a national real estate firm specializing in invest- ment, development, leasing and management of large-scale real estate assets in major mar- kets. The firm focuses on office, multifamily and industrial assets classes, as well as hyper- scale data centers through its Corscale affiliate. s Bank of America leases 30K sf at Block 162 Bank of America will occupy the full 29,181-square-foot 18th floor at Block 162 following its new lease transaction. L&G – Asset Management, America will rename Outlook Golden Ridge, a 177-unit community at 544 Golden Ridge Road, as The View at Golden Ridge following the asset’s acquisition. Please see The View, Page 56