Colorado-Real-Estate-Journal_539279

INSIDE FEATURED CONTENTS JULY 15-AUGUST 4, 2026 Office 6 Industrial 12 Multifamily 16 Retail 22 Finance 40 L a w & Accounting 44 C D E News 46 Who's News 56 16 12 Industrial lease Tune Outdoor relocates showroom to central Interstate 25 corridor Student housing Private family offices trade 13-unit Lofts on College for $21 million 22 Experiential retail Dick’s Sporting Goods announces three Colo. House of Sport stores 6 Office relocation Cooper Carry moves regional hub from Boulder to downtown Denver by Avalon Jacka LAKEWOOD – A national multifamily investment firm expanded its Denver metro area presence with a new acquisition in the west sub- urbs. TruAmerica Multifamily acquired WestLink at Oak Sta- tion, a 232,937-square-foot gar- den-style community located at 1665 Pierson St., in June. The seller, an entity of Inland Real Estate Group of Cos., sold the asset for $71.55 million, or $293,238 per unit, or $307.16 per sf, according toApartment Insights. The 244-unit community is positioned in the “highly desirable” Applewood neigh- borhood, reflecting the buy- er’s “disciplined investment strategy targeting well-locat- ed, high-quality apartment communities in supply-con- strained markets with resilient rental demand,” according to a statement from TruAmerica. “WestLink at Oak Station exemplifies the type of oppor- tunity we seek: a well-located, high-quality asset acquired at an attractive basis in a submar- ket supported by compelling long-term fundamentals,” said TruAmerica Multi- family Chief Investment Officer Noah Hochman. “Lakewood’s Applewood neighborhood benefits from strong demographics, top- rated schools, and excep- tional connectivity to Den- ver’s major employment access, driving durable rent- al demand.” CBRE’s Shane Ozment and Terrance Hunt facilitated the transaction on behalf of the seller. Debt financing was arranged by CBRE’s Debt & Structured Finance Group, led TruAmerica expands Colorado footprint by Avalon Jacka ENGLEWOOD – A joint venture acquired a suburban office portfolio in Douglas County for $14 million in an off-market transaction. Knightbridge Capital, in partnership with Argosy Real Estate Partners, purchased Three Maroon and Maroon Five, totaling 174,850 square feet, from Mark IV Capital. “We are extremely excited to add Three Maroon and Maroon Five to our growing office portfolio,” said Knight- bridge Capital co-founder and principal Riki Hashimoto. “Sourcing this opportunity – off market at a significant discount to what the prior owner paid over a decade ago – reflects exactly the type of opportunity our platform is built to pursue. Every tenant conversation dur- ing diligence reinforced our conviction in this asset and submarket.” The acquisition closed at a “meaningful discount to replacement cost and prior sales prices for both assets,” a statement from Knight- bridge said. The properties previously sold for $14.5 million in 2013 and $15.5 million in 2015, respectively, according to Douglas Coun- ty public records. Cushman & Wakefield’s Aaron Johnson and Jon Hen- drickson represented the sell- er in the transaction. Aimee Love, Zac Clark and Joe Petty of First Interstate Bank pro- vided acquisition financing. Property management will be handled by Denver-based Knightbridge buys suburban office portfolio Please see TruAmerica, Page 56 Please see Knightbridge, Page 8 TruAmerica Multifamily acquired WestLink at Oak Station, a 232,937-square-foot garden-style com- munity located at 1665 Pierson St., in June. Located at 9635 S. Maroon Circle, the 86,217-square-foot Three Maroon was built in 2001. Situated at 9540 S. Maroon Circle, the 88,633-square-foot Maroon Five was constructed in 2008.