Colorado-Real-Estate-Journal_536826

INSIDE FEATURED CONTENTS JULY 1-14, 2026 Office 6 Industrial 10 Multifamily 13 Retail 18 Finance 25 Law & Accounting 30 CDE News 32 Who's News 42 13 10 Data center approval Raeden receives city approval to redevelop Chelsea Glen property Workforce housing Monaco South apartments trade hands for $27.5 million 18 Sale-leaseback Venu Holding Corp. sells and leases back land under Ford Amphitheater 6 Suburban office Dunton, Laminar buy Union Tower in Lakewood for $17.25 million by Avalon Jacka THORNTON – A com- mercial real estate developer and its joint venture partner acquired a 76-acre site in June to construct a new Class A industrial park in the north suburbs. Trammell Crow Co. and PCCP LLC acquired the site at the Interstate 25-E-470 inter- change to develop Crossroads 25. The team broke ground on the project following the acquisition. “Developing within one of the Denver metro’s most dynamic industrial submar- kets presented a compelling opportunity for TCC,” said Trammell Crow Denver Mar- ket Leader Megan Kranich- feld. “The North I-25 corridor is not only one of Colorado’s most vital freight routes, but it is also the fastest-growing region in the state. Its proxim- ity to a uniquely diverse labor pool offers a distinct, long-term advantage for tenants as they evaluate their real estate needs. These elements reinforce our conviction in this project. A project of this scale requires a tremendous collective effort.” CBRE’s Tyler Carner, Jeremy Ballenger and Keiffer Gar- ton facilitated the transaction on behalf of the undisclosed seller. The brokerage team will lead leasing efforts on behalf of Trammell Crow and PCCP. “We were glad to work on a successful disposition of this incredibly well-located indus- trial site in the heart of North I-25,” Carner said. “Further, we are looking forward to working with TCC to lease the Crossroads 25 development to completion.” The project team includes the city of Thornton, provid- ing support and collaboration; Ware Malcomb, serving as architect and civil engineer; Murray & Stafford, serving as general contractor; and Sim- mons Bank, which provided construction financing for Phase 1. Trammell Crow acquires Crossroads 25 site by Avalon Jacka DENVER – The developer of a trophy mixed-use building in Cherry Creek North sold the 100,000-square-foot asset in June. An entity of BMC Invest- ments sold The Fillmore Building, located at 255 Fill- more St., to Dallas-based TH Fillmore LLC for $92.5 million, according to SKLD Informa- tion Services. “We welcome the buyers into Cherry Creek as part of the family, and we want to ensure that they’re successful,” said BMC Investments found- ing partner and CEO Matt Joblon. “Whatever we can do to support them in that – just with relationships and under- standing all the nuance here – is really important. What separates Denver from a lot of other cities in the U.S. is how welcoming and close the real estate development and investment community is. Everyone wants to help, even if someone new comes in the market. We’re all invested to see them be successful. I think that’s a really wonderful and very special thing about Den- ver that a lot of cities can’t boast.” Tim Richey of Newmark represented the seller in the transaction. Newmark’s Alex Foshay and Kevin Shannon also supported the transaction. “The sale of 255 Fillmore sig- nals continued strength and investor conviction in Den- ver’s highest-quality office product, particularly in Cherry Creek, which is increasingly solidifying its position as the city’s premier office sub- market,” Richey said. “More broadly, the transaction reflects strong pricing supported by improving fundamentals and sustained flight-to-quality trends across the market.” The transaction is the first of this size in Denver in about 12 months, since the $135 million BMC sells The Fillmore Building for $92.5M Please see Crossroads 25, Page 43 Please see BMC, Page 43 Trammell Crow Co. Trammell Crow Co. and PCCP LLC acquired a parcel of land for Crossroads 25 and broke ground on the project in June. MKM Build Photography Delivered in 2024, The Fillmore Building, located 255 Fillmore St., comprises 90,000 square feet of office space and 10,000 sf of experiential ground-floor retail.