Colorado-Real-Estate-Journal_510990

INSIDE 18 6 FEATURED CONTENTS FEBRUARY 18-MARCH 3, 2026 Office 6 Industrial 12 Multifamily 18 Retail 22 Finance 36 Law & Accounting 40 CDE News 46 Who's News 64 12 Office move HDR Inc. signs lease to consolidate operations on consecutive floors Innovation incubator Alquist 3D becomes first tenant at Aims Workforce Innovation Center Luxury living Developers of Apiary Residences prepare to open 193-unit community 22 Retail assemblage Multiple parcels at The Streets at SouthGlenn sell for $28 million by Avalon Jacka DENVER – A commer- cial real estate firm and val- ue-add investor acquire a 930,020-square-foot mixed-use office property in the central business district in an off-mar- ket deal in January. CP Group, in partnership with Time Equities Inc. , pur- chased Denver Place, a pair of connected towers located at 999 18th St. LBA Realty Fund III Company III LCC, an entity of LBA Realty LLC, sold the property for $47.5 million, according to Denver County public records. “Denver Place stood out for its scale and placemaking potential in downtown Den- ver,” said CP Group found- ing and Managing Partner Angelo Bianco. “CP Group is bullish on Denver’s future and saw an opportunity to acti- vate the property’s underuti- lized spaces with public-facing uses and programming to cre- ate an environment that will drive tenant interest in Denver Place.” Newmark’s Tim Richey, and CBRE’s Jenny Knowlton and Charley Will represented the seller, and the buyers were self-represented in the transac- tion. “We are excited to partner with CP Group on the acqui- sition of Denver Place,” said Time Equities Director of Acquisitions Jonathan Dul- berg. “CP Group brings a significant track record in the market and a proven ability to execute value-add strategies. We look forward to work- ing together to enhance the property and create long-term value.” Developed in 1981 by Devco Property Inc. and designed by Marvin E. Knedler & Associ- ates Architects, Denver Place’s CP Group, Time Equities buy Denver Place by Avalon Jacka HIGH COUNTRY – A Colorado-based real estate development firm acquired an 18-property self-storage port- folio spanning two mountain counties. Uplift Development Group bought the portfolio, totaling approximately 500,000 square feet and more than 3,000 units in Clear Creek and Grand counties, for an undisclosed price. Uplift purchased the undisclosed seller’s entire self- storage portfolio in the deal. “We are incredibly excited to own and operate this portfo- lio,” said Uplift Development Group CEO Brandon Grebe. “It is in our own backyard, and we know this market intimate- ly. I have personally driven past these properties for years while traveling to the moun- tains, and we see this as a once- in-a-generation opportunity to invest in the infrastructure of our local communities.” With properties in Idaho Springs, Dumont, Floyd Hill, Georgetown, Empire, Granby, Grand Lake and Tabernash, the transaction is the largest of its kind in Colorado’s history. Historically, these areas have been characterized by high barriers to entry and a lack of institutional-grade storage solutions, according to a state- ment from Uplift. The acqui- sition consolidates the major- ity of self-storage inventory in these mountain regions under one firm. JLL’s Griffin Guthneck, Matthew Wheeler and John Williamson brokered the off- market transaction. Addi- tional partners that helped facilitate the deal include SROA, Argenic, GYS Gen- eral Contracting and Castor Capital. The portfolio is positioned in high-growth corridors along U.S. Highway 40 and Interstate 70, with the inter- state providing an annual traffic volume of more than 20 million vehicles. Uplift will manage the properties and invest in modernizing the facilities with state-of-the- art technologies, enhanced security and remote custom- er accessibility. Uplift acquires 18 self-storage properties Please see Denver Place, Page 42 Located at 999 18th St., Denver Place recently underwent a $20 million capital improvement program that the buyers will build upon with lobby activation, further amenity enhancements, and more. Uplift Development Group acquired the 18-property portfolio, totaling approximately 500,000 square feet and more than 3,000 units in Clear Creek and Grand counties. Please see Uplift, Page 14