Whats Happening in Denver?

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What's happening in the Denver area?
Stay up-to-date by clicking the links below:
  Contact DePaul Real Estate Advisors today to see how the team can help you execute your project in the Denver Market.

Paul DeCrescentis 
President | Investment Sales & Mortgage Brokerage | 303-333-9799 | paul@depaulrea.com
Jarod Pate | Senior Analyst, Broker | Investment Sales & Mortgage Brokerage | 720-881-2727 | jarod@depaulrea.com
Matthew Watson | Broker | Landlord & Tenant Representation | 303-333-9799 | matthew@depaulrea.com
Lance Eberhard Broker | Landlord & Tenant Representation | 303-333-9799 | lance@depaulrea.com posted: July 28, 2017
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Just Closed: DePaul Real Estate Advisors welcomes Main Event to Highlands Ranch

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HIGHLANDS RANCH, July 2017 - DePaul Real Estate Advisors is pleased to announce the sale of 5.5 acres of land located at C-470 and South Broadway in Highlands Ranch, Colorado.

"When AMC proposed to remodel the theater we recognized with the owners the potential for excess parking. We consulted with the ownership group to optimize a parcel of over 5 acres, which positioned it to be a great infill development opportunity," said Paul DeCrescentis. "With limited land available in the south Denver metro and in Highlands Ranch especially, we quickly received several offers for a variety of different types of development including hospitality, restaurants, entertainment, and senior living."

Main Event plans to develop a 50,000-square-foot family entertainment center. With over 30 locations within the United Statse, Main Event will join AMC Theatres, Los Dos Potrillos, Red Robin, C.B. & Potts, and other businesses that serve the residents of Centennial, Littleton and Highlands Ranch.

The buyer was represented by Ken Himel of David Hicks & Lampert Brokerage and by Doug Alcott of Foremark. Paul DeCrescentis and Jarod Pate represented the seller.

DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection. For more information regarding this project or the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799 or visit www.DePaulREA.com.  posted: July 26, 2017
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CLOSED & FUNDED

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DePaul Real Estate Advisors Arranges the Purchase, Financing and Asset Management of Multi-Tenant Industrial Property
 

AURORA CO, June 27, 2017 – DePaul Real Estate Advisors is pleased to announce the acquisition and financing of Gateway Plaza, a 125,228-square foot, flex industrial park located within Denver’s flourishing East I-70/Montbello submarket.  The sale price was not disclosed.
 
Paul DeCrescentis and Jarod Pate represented the buyer in the purchase and arranged acquisition financing.  The buyer is one of the family offices for which DePaul Real Estate Advisors provides a suite of services including acquisition, disposition, financing, leasing and asset management. “The transaction consummates the successful redeployment of equity proceeds from an earlier real estate sale, which was planned as a 1031 exchange,” said Jarod Pate.  “In addition to securing the property acquisition, we structured a non-recourse loan, which features a 4% interest rate and an interest-only period.”
 
The seller, a multi-state commercial investment firm, was represented by T.J. Smith, Brad Calbert, Matt Keyerleber and Nick Rice of Colliers International.
 
Gateway Plaza is a five building complex that consists of 125,228 square feet located near I-70 and Peoria.  The area has undergone significant infrastructure upgrades with the recent reconstruction of Peoria Street over Smith Road and the nearby addition of Peoria Station, a transit hub at the convergence of the A-Line, which runs from Union Station in LoDo to Denver International Airport, and the R-Line, which traverses Aurora to the Denver Tech Center.  In addition to transit connectivity, the property has excellent access to I-70, Peña Boulevard and to I-225.
 
At the time of closing, Gateway Plaza was 97% leased to 30 tenants.  The flexible unit sizes range from
1,962 square feet to 10,749 square feet, providing smaller tenant spaces that can’t be economically reproduced in the today’s construction market.  “The low vacancy rate at this property is representative of the state of the strength of the greater commercial real estate market in Denver,” describes Paul DeCrescentis.  “The combination of impressive population growth, very low unemployment and constrained supply of new construction is creating a competitive market for tenants and investors alike.  We are pleased to have executed this on behalf of our investor.”
 
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection.
 
For more information regarding the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799. posted: July 7, 2017
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Energize Denver: How can Powers Brown Architecture help you prepare for the new ordinance?

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DENVER CO, June 15, 2017 by Jesse Hunt, Powers Brown Architecture - Powers Brown Architecture supports sustainability in their work and treats this concept as an extension of good economic design. Nationally, Powers Brown Architecture strives to remain at the forefront of ever evolving environmental and legislative regulations. In December of 2016, the City of Denver passed Code of Ordinances Ch. 4, ARTICLE V. - Energy Efficiency in Commercial and Multifamily Buildings. This ordinance requires commercial building owners to benchmark their property's energy use using Energy Star Portfolio Manager. As of April 2017, the ordinance affects commercial buidings of 50,000 square feet or greater. By 2018, the ordinance will then encompass commercial buildings of 25,000 square feet or greater. The result of this benchmarking effort will be publicly-available energy use and normalized scores attached to all buildings. The two biggest takeaway points will be a building's energy use intensity per square foot and a 1-100 Energy Star score. These new metrics will have a profound impact on the valuation of Denver's commercial real estate. The database and an interactive map will be available when comparing buildings of the same typology.

This year's deadline is June 1st, however, the city granted a 90 day grace period. Moving forward, there will be a hard deadline of June 1, 2018 for buildings over 25,000 square feet. Non-exempt buildings which do not submit their data by the deadline will be issued a fine of $2,000 per building per year from the city. Some building owners will simply be interested in compliance, gathering and documenting the necessary information to do so; other owners will look to improve the score they receive. In other situations, owners may want to explore how to get the biggest returns in energy efficiency for the dollar. Improving your score can be achieved a few different ways before requiring any substantial changes to the building.

In all of these cases, Powers Brown Architecture is prepared to help DePaul Real Estate Advisors and its clients make this process as straightforward as possible. If you find yourself with questions about how this may affect you or your clients, please contact Powers Brown Architecture at (713) 224-0456.

For more information regarding Energize Denver, visit the City of Denver's website. posted: June 15, 2017
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What's Happening in Denver?

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What's happening in the Denver area?
Stay up-to-date by clicking the links below:
 
  • Property values leap by double digits across metro Denver
    • Tuesday, April 25, 2017 - The median projected commercial property value increase in Denver is 20 percent, while the same projected increase for residential properties is 25.9 percent. Apartment buildings posted a record-setting projected median increase of 45 percent.
Contact DePaul Real Estate Advisors today to see how the team can help you execute your project in the Denver Market.

Paul DeCrescentisPresident | Investment Sales & Mortgage Brokerage 303-333-9799
Jarod PateSenior Analyst, Broker | Investment Sales & Mortgage Brokerage 720-881-2727
Matthew Watson | Broker | Landlord & Tenant Representation 303-333-9799
Lance Eberhard | Broker | Landlord & Tenant Represenation 303-333-9799 posted: May 2, 2017
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SUCCESSFUL DISPOSITION ANNOUNCEMENT

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LONE TREE, February 8, 2017—DePaul Real Advisors is pleased to announce the sale of a 44,898 SF multi-tenant retail strip center located in Lone Tree, Colorado. Paul DeCrescentis and Jarod Pate represented the seller, a private real estate investor group.

Lone Tree Commons boasts 17 tenants and is currently 100% leased. Given the property’s location in the Park Meadows Mall vicinity and directly across from a Sam’s Club, daytime population and traffic counts are strong. With a family-oriented tenant-mix of national and local businesses, Lone Tree Commons was an ideal investment opportunity.  

DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection.

For additional information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799. posted: February 15, 2017
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SUCCESSFUL LEASING ANNOUNCEMENT

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LAKEWOOD, January 3, 2017—Lance Eberhard of DePaul Real Estate Advisors is enthused to announce the execution of a lease by Corporate Caterers, a full-service catering company, at Hampden Square. The unit is 1,608 square foot with a NNN lease. Lance Eberhard represented the tenant while Brandi Spencer of RE1313, LLC represented the landlord.

Hampden Square is a neighborhood retail shopping center located near US Hwy 85 and Wadsworth in Lakewood, Colorado. The property has a variety of local tenants and Corporate Caterers is sure to be a great fit there.

For more information regarding commercial property leasing, please call Lance Eberhard or Matthew Watson 303-333-9799.  posted: February 15, 2017
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DEPAUL REAL ESTATE ADVISORS HAS MOVED!

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Regards to all of our clients and industry professionals.

DePaul Real Estate Investment Group, Inc. has evolved its name to DePaul Real Estate Advisors. This better reflects the services that we have been providing our clients since our inception in 2000. DePaul Real Estate Advisors covers all commercial property segments. We provide our clients diverse in-house advisory services for Capital Markets structuring of Debt, Joint Ventures, and Investment Sales. Integral to the enhancement of value is DePaul Real Estate Advisors' Landlord and Tenant leasing services. Overall, this integrated platform allows us to creatively and professionally advise clients on the various facets of a project.

With transaction values of over $3.5 billion completed, the DePaul Real Estate Advisors team is grateful to its diverse group of clients that entrusted us to be their advisors. We welcome the opportunity to formulate a plan incorporating DePaul Real Estate Advisors' methods to maximize the value of your real estate assets.

Please note our new address:
4500 Cherry Creek Drive South, Suite 860
Denver, Colorado 80246-1521

We are at your service.

Best regards,
Paul DeCrescentis
President
posted: February 15, 2017
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CLOSED & FUNDED | DePaul Provides Financing for Acquisition

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DENVER CO, October 31, 2016 – DePaul Real Estate Advisors is pleased to announce the financing of Stapleton Square, a 65,628 square foot, office/warehouse building located along the I-70 corridor in the heart of Denver’s Airport/Montbello submarket – Denver’s largest industrial epicenter.

Paul DeCrescentis and Jarod Pate, who represented the borrower, successfully structured the 10/30 non-recourse loan in the amount of $3,347,500, using a correspondent lender of the DePaul team, for the acquisition of Stapleton Square. The interest rate was locked in advance of funding at less than 4%.
 
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection.
 
For more information regarding the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799. posted: November 18, 2016
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TRI-COUNTY HEALTH DEPARTMENT AT HAMPDEN VILLA

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AURORA CO, October 28, 2016 - Matthew Watson of DePaul Real Estate Advisors is pleased to announce the execution of a lease between Tri-County Health Department and the landlord of Hampden Villa. The 11,520 square foot unit was formerly occupied by Natural Grocers by Vitamin Cottage.
 
The Tri-County Health Department (TCHD) was opened in January of 1948, serving 160,000 residents of Adams, Arapahoe and Jefferson Counties. Today, TCHD serves over 1.3 million individuals in Adams, Arapahoe and Douglas Counties with over 60 programs / services.
Hampden Villa is a 96,100 square foot anchored neighborhood retail shopping center located at the southwest corner of E. Hampden Avenue and S. Chambers Road in Aurora, Colorado. The property consists of six separate buildings and is 97% occupied. Tenants include Dry Dock Brewing Company | The Brew Hut, Powerhouse Gym and The Famous Door Bar & Grill.

For additional information, please contact Matthew Watson or Lance Eberhard at 303-333-9799.
 
posted: November 4, 2016
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