Hayes, Jennifer. "Other News" Colorado Real Estate Journal. January 4, 2012 - January 17, 2012
An out-of-state buyer recently purchased a 3,478-square-foot building along South Colorado Boulevard for $603.80 per square foot.
The building at 895 S. Colorado Blvd. in Denver sold for $2.1 million and is leased to Wolf Camera, which signed a new 10-year absolute net lease.
"This was a great opportunity to acquire an irreplaceable retail asset in the heart of one of Denver's most desirable retail locations," said Jarod Pate of DePaul Real Estate Investment Group, Inc., along with DePaul's Paul DeCrescentis, represented the seller, Alberta WF Acquisition, LLC.
Alberta WF purchased the building vacant as part of a multi-property portfolio. Wolf Camera relocated to the building from a nearby location where it was located for 18 years. Constructed in 1988 and remodeled in 2011, the building originally was occupied by World Savings and, later, Wachovia Bank.
Hayes, Jennifer. "Other News" Colorado Real Estate Journal. December 7, 2011 - December 20, 2011
Casa Caliente recently signed a lease for second-generation retail space at Province Center in Highlands Ranch.
The restaurant, headed by Tony Silva, a veteran Denver chef, will open this month in the space located at the southeast corner of Colorado Boulevard and Siskin Avenue.
Casa Caliente leased 3,758 sf from an unidentified landlord represented by Matthew Watson of DePaul Real Estate Investment Group, Inc. The tenant was represented by Shawn Sanborn of Sanborn and Co.
The restaurant features a 24-foot bar and outside patio. "There has been great deal of interest in the second-generation restaurant space. The space was turnkey with furniture, equipment and fixtures, and with the end-cap location, it presented an amazing opportunity for a restaurateur," said Watson.
Casa Caliente at Province Center, Highlands Ranch, COHayes, Jennifer. "Other News" Colorado Real Estate Journal. September 21 - October 4, 2011
DePaul Real Estate Investment Group, Inc's Matthew Watson represented landlord Four Boys Hampden Villa, LLC and JCRS II, LLC in several recent transactions at the Hampden Villa Shopping Center.
Armbrust Pro Gym will open its second Colorado location, taking the former Vitamin Cottage space, comprising 6,080 sf. The gym, which also has a Wheat Ridge location, expects to open in January.
"There was a great deal of interest in the former Vitamin Cottage space due to the visibility and exposed glass along Chambers Road," said Watson, noting that Vitamin Cottage relocated to a larger space within Hampden Villa.
As well, Zumba, a dance/training studio, will open its first retail location in 2,754 sf at the southwest corner of Hampden Avenue and Chambers Road in Aurora. Zumba was represented in the lease by Adam Rubenstein and David Spriggs of Legend Retail Group.
With the leases, Hampden Villa is 95 percent occupied. Other tenants at the center include Dry Dock Brewing Co., the Famous Door Bar, Golden Wok Chinese Restaurant, State Farm Insurance, and Metro Community Provider Network.
Hampden Villa's Newest Tenants - Leasing
Hayes, Jennifer. "Other News" Colorado Real Estate Journal. September 21 - October 4, 2011
Wasabi Sushi Bar recently leased its second Colorado location as part of its expansion plans in the state.
Wasabi Sushi Bar leased 3,145 sf at the Centennial Shops at 12073 E. Arapahoe Road in Centennial. The restaurant joins other tenants at the center, including Chipotle Mexican Grill, Subway, Noodles & Co., Einstein Bros. Bagels and Starbucks.
Jarod Pate and Matthew Watson of DePaul Real Estate Investment Group, Inc. represented landlord Yekta Investment Group and Wasabi Sushi Bar.
DePaul Real Estate Investment Group is representing Wasabi Sushi Bar in the expansion in Colorado, where it is targeting sites from 2,000 to 3,000 sf.
Wasabi Sushi Bar, founded in 2003, has eight locations in Missouri, Illinois and Colorado. Its other Colorado location is at Belmar.
Hayes, Jennifer. "Other News" Colorado Real Estate Journal. September 7 - September 20, 2011
DePaul Real Estate Investment Group, Inc. arranged debt and equity financing totaling $2.7 million for the acquisition and development of seven vacant former Wells Fargo/Wachovia locations throughout Colorado.
Alberta WF Acquisitions, LLC purchased the Wells Fargo/Wachovia portfolio from Wells Fargo, which was represented by Scott Steputis and Rich Hobbs of Crosbie Real Estate Group.
Steputis and Hobbs are marketing several of the properties for lease while DePaul Real Estate Investment Group is handling the sale of the assets.
Wolf Camera is relocating to the 895 S. Colorado Blvd., Denver, location. Wolf Camera is anticipated to open in November at the property, which is being sold.
The other locations include: 2111 S. Sheridan Blvd., Denver which was sold to a veterinary office; 1700 W. Midway Blvd., Broomfield; 16900 East Iliff Ave., Aurora; 2101 E. Arapahoe Road, Littleton; 401 Coffman Street, Longmont; and a parcel of land at Colorado and Firestone Parkway in Firestone, which has been sold.
Debt / Equity - Wells Fargo /Wachovia Portfolio
Hayes, Jennifer. "Stein Mart joins University Hills" Colorado Real Estate Journal. September 7 - September 20, 2011
Stein Mart, Inc. is under way on its third Colorado location with a nearly 30,000-square-foot lease along one of Denver's strongest retail corridors.
The long-term lease by Stein Mart caps the retailer's search for space along Colorado Boulevard. "A location on Colorado Boulevard has been in Stein Mart's sights for years. Stores in this submarket earn some of the best sales in the region, so when the space became available, Stein Mart was pleased to secure the opportunity," said Jarod Pate of DePaul Real Estate Investment Group, Inc., who represented Stein Mart.
As well, the 29,500-sf lease at the University Hills Plaza Shopping Center by Stein Mart, which features an assortment of men's and women's apparel, accessories, shoes and home fashions, is seen as a key to the repositioning of the retail center.
University Hills Plaza is in the process of being repositioned and the Stein Mart lease is a catalyst for the center at the northeast corner of South Colorado Boulevard and Yale Avenue.
While Stein Mart is under way on its build-out on its latest store, planned for a November opening, the owners of University Hills Plaza currently are putting a new facade on the center as well as updating the tenant roster.
The departure of some long-standing tenants like Guiry's and Trice Jewelers, which moved into their own freestanding facilities, and sports Authority, presented the opportunity for the center to retenant with a more soft goods oriented mix, especially clothing-oriented tenants that like Stein Mart as a co-tenant, said Hagan.
In addition to Stein Mart, other tenants at University Hills Plaza include Jo-Ann Fabrics, Ace Hardware, Panera Bread, Performance Bicycle and Famous Footwear.
Space available at University Hills Plaza includes 10,000- and 14,000-sf spaces with quoted rates of $15 to $17 per sf triple net and $16 to $18 per sf triple net, respectively. With the Stein Mart lease, University Hills Plaza is nearing 90 percent occupancy.
"It is still one of the most desirable markets and a strong shopping corridor near DU and Cherry Creek," added Scott Hagan of David, Hicks & Lampert, who noted this is the first time since the center's construction an outside brokerage firm has had the listing.
Stein Mart, which has locations in Englewood and Colorado Springs, is looking to open another two or three stores like University Hills' 30,000-sf prototype in Colorado over the next year.
Stein Mart Joins University Hills - Leasing
Hayes, Jennifer. "California Buyer Pays $1.9m for Property on S. College" Colorado Real Estate Journal. July 6 - July 19, 2011
A California buyer focused on stabilized, income-producing properties purchased a three-tenant building in Fort Collins for $1.9 million, or $152.86 per square foot.
The 12,429-sf building at 4900 S. College Ave. is leased to Avis Rent A Car, VCA Animal Hospital and Caliber Funding. Avis and VCA are in the midst of 10-year leases.
"From our perspective, it was a good time to take advantage of the market that was there and the stability we had in existing leases," said Nathan Klein of Loveland Commercial, who was part of the selling group.
The buyer, Roseben, Inc., acquired the property as part of a 1031 tax-deferred exchange. The cap rate was 7.75 percent.
The one-story building, called Fairway Estates Commercial, was built in 1983 and remodeled in 2007. The seller had replaced the building's roof; replaced and improved the property's walk-ways and driveways; added new storefront and fire sprinkler systems; enhanced the landscaping; and remodeled the fascia to include stone, brick and stucco. The building sits on a 2.13-acre site, so it has considerable parking.
DePaul Real Estate Investment Group, Inc. coordinated the purchase on behalf of the buyer.
California Buyer Pays $1.9m for Property on S. College
Hayes, Jennifer. "Other News" Colorado Real Estate Journal. May 18 - May 31, 2011
DePaul Real Estate Investment Group, Inc. closed a $1.65 million loan for a downtown Littleton office and retail building. Paul DeCrescentis and Jarod Pate of DePaul Real Estate Investment Group, Inc. arranged the loan to refinance the Lilley Building, a historic 12,868-square-foot building at 2539 West Main Street.
A commercial lender provided the 10-year loan, which has a fixed-rate term with a 6.25 percent interest rate, 70 percent loan to value and a 25-year amortization. The multi-tenant building, constructed in 1905 and completely renovated in 2007, consists of 59 percent retail finish and 41 percent office finish. At the time of the loan's closing, the building was 100% occupied by six tenants.
$1.65 Million Loan - Historical Downtown Littleton
Hayes, Jennifer. "Retail" Colorado Real Estate Journal. April 20, 2011 - May 3, 2011 
A trio of leases recently were signed at an Aurora retail center that is home to the city's largest Korean grocery store. New tenants at The Shoppes at Parker Commons at Parker Road and Yale Avenue include VIP Hookah Lounge, 2,939 sf, an Indian grocery store, 2,094 sf, and K-Town Video, which expanded from a kiosk in the grocery store to a 1,281-sf space.
"This well-located and easily accessible site has a strong visual presence along Parker Road and Yale Avenue," said Matthew Watson of DePaul Real Estate Investment Group, Inc., who handled the leases. "With the strong day-time work population, along with being anchored by Aurora's largest Korean grocery, H-Mart, Shoppes at Parker Commons makes for a popular choice for the residents of the surrounding area and day-time commuters."
The landlord for the center is The Shoppes at Parker Commons, LLC. Watson also handled Natural Body Works, LLC's 1,200-sf lease at Cottonwood Plaza at 17741 Cottonwood Drive in Parker. Mark Pyms of Re/Max Commercial represented the landlord, The Miller Family Limited Partnership II, LP. Natural Body Works is a chiropractic clinic that recently relocated from California.
A Trio of Leases - The Shoppes at Parker Commons
Hayes, Jennifer. "DePaul Real Estate arrange $19.15 for University Park" Colorado Real Estate Journal. February 2, 2011 - February 15, 2011
DePaul Real Estate Investment Group, Inc. recently arranged $19.15 million in financing for a Denver shopping center.
Paul DeCrescentis and Jarod Pate of DePaul Real Estate Investment Group arranged the loan, which refinanced the Class A University Park Shopping Center at the northwest corner of Colorado Boulevard and Evans Avenue.
The loan has a 30-year amortization, 10-year fixed-rate term of 5.83 percent and a loan to value of approximately 70 percent.
"The market for commercial real estate financing has turned," said Pate. "Lenders and investors are competing for quality assets with enthusiasm not seen since 2007. With the return of CMBS, this is a great time to take advantage of what may be the lowest interest rates this decade."
Originally anchored by Albertsons, University Park's anchor building was renovated in 2002, while the 76,100-square-foot center's inline and pad buildings were renovated starting in 2007.
University Park is anchored by Office Depot, Ultimate Electronics and Vitamin Cottage Natural Grocers. Other tenants at University Park include Wells Fargo Bank, Verizon Wireless, Pei Wei Asian Diner, Which Wich and Mad Greens.
At the time of the loan's closing, the center was 96 percent occupied.
University Park is a transit-oriented development near the Colorado Station light-rail stop and is situated 1.8 miles east of the University of Denver.
DePaul Real Estate arrange $19.15 for University Park
DePaul Assists in the Renewal of a Denver Tech Center Retail Lease (June 25, 2010)
DePaul Investor buys two Absolute Net Ground Leases (June 01, 2010)
DePaul Assists in Sale of Single-Tenant Ground Lease Asset (May 27, 2010)
Industrial Land sold at Bromley Interstate Business Park (February 09, 2010)
Hampden Villa sells for $9.5 million (Colorado Real estate Journal August 16 - Septmeber 5, 2006)
Loan refinances Denver Athletic Club (Coloraod Real Estate Journal March 17 - June 6, 2006)
DeCrescentis seeds financing, investment career (Colorado Real Estate Journal May 17 - June 6, 2006)
Jefferson shops sell for $4.43 million (Colorado Real Estate Journal March 1 - March 14, 2006)
Office sale tops $370 per-sf-mark (Colorado Real Estate Journal June 15 - July 5, 2005)
