For 30 years, Etkin Johnson Real Estate Partners has taken a leading role in the acquisition and development of property throughout Colorado's Front Range, earning the company its current status as the premier commercial real estate company in the greater Denver area. Dedicated to innovating while maintaining a fiscally sound base, Etkin Johnson is committed to providing clients with the highest levels of service.


Etkin Johnson Real Estate Partners
1512 Larimer Street, Suite 100 (Bridge Level)
Denver, Colorado 80202

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Monthly Archives: November 2016

DePaul buys prime small-bay industrial bldgs. for $5.15M

As Seen In The Colorado Real Estate Journal – November 2, 2016

Stapleton Square occupies a “bulls-eye” location in Denver, said CBRE’s Jeremy Ballenger.

A small-bay industrial asset in a prime location sold for the full asking price in a deal that drew multiple offers.

Stapleton Square, a two-building project that Etkin Johnson Real Estate Partners had owned for many years, traded to DePaul Real Estate Advisors for $5.15 million, or $78.47 per square foot. The Class A buildings, comprising 65,628 sf, are located at Interstate 70 and Havana Street in Denver.

“Havana and I-70 has always been kind of a bulls-eye location in the northeast submarket, but with the development of Enterprise Business Center over the last several years, this is adjacent to some of the best product in the market,” said Jeremy Ballenger, CBRE vice president.

Stapleton Square, located at 10515 and 10525 E. 40th Ave., was 100 percent leased to 16 tenants.

“The draw to investors was twofold. There were in-place leases about 15 percent below market, and the building had average occupancy of over 96 percent over the past three years,” said Ballenger. Also, “Small-bay product like this is so expensive to build right now that existing assets in this size are especially attractive to private buyers,” he said.

The opportunity to buy that product type well below replacement cost – in a location with “great access” on and off I-70 – was very appealing, concurred DePaul President Paul DeCrescentis.

“We think there’s upside in the market rents over existing rents,” he said. Etkin Johnson Real Estate Partners took “very good” care of the property, so there won’t be any dramatic changes, DeCrescentis added

DeCrescentis said the deal exemplifies why his company recently changed its name, which better reflects the services it provides, including capital markets structuring of debt, joint ventures and investment sales. In the case of Stapleton Square, it identified the property, arranged the debt and equity, and closed on that; it paid cash to meet the seller’s timetable, but will be putting a loan on the property. “Our loan wasn’t ready, but we wanted to live up to what we said we’d do,” DeCrescentis said.

“Etkin Johnson was terrific to work with, he said, adding the CBRE team of Ballenger, Vice President Tyler Carner and Kyle McClure “did a terrific job representing their seller.”

“It was a very smooth transaction from our perspective,” DeCrescentis said.


Hyatt Place Denver/Westminster Hotel Begins Construction

As Seen In Hotel News Resource – October, 28 2016

Hyatt Place Denver/Westminster Hotel Begins Construction

White Lodging and Etkin Johnson Real Estate Partners announced they have begun construction on a 137-room Hyatt Place hotel in Westminster, Colorado, slated to open in spring 2018. The hotel will be managed by White Lodging Services Corporation.

“We are pleased to partner with Etkin Johnson Real Estate Partners on the Hyatt Place Denver/Westminster, another premium branded hotel development in Westminster,”said Deno Yiankes, president and CEO of White Lodging’s investment and development division. “This development is in line with our strategic development plan to continue investing in premium brands located in high growth markets.”

“We are excited to continue our partnership with White Lodging and the City of Westminster,” said Derek Conn, Director of Finance for Etkin Johnson Real Estate Partners. “We have experienced a great deal of success building the adjacent 164-room SpringHill Suites and the 212-room full service Marriott. With the top-notch team at White Lodging, we are looking forward to the same trend with the Hyatt Place brand.”

The six-story hotel, located at 6865 W. 103rd Ave., will include more than 2,000 square feet of meeting space. The hotel’s lobby will include the Hyatt Place brand’s signature food and beverage options, including The Gallery, a full bar serving wine, beer, spirits and coffee open 24 hours and a complimentary hot breakfast, known as the a.m. Kitchen Skillet, which will feature hot breakfast items, fresh fruit, oatmeal, yogurt, cereal, fresh-baked pastries and more. The hotel will also feature an indoor pool, state of the art fitness center and outdoor patio with a recreation area.

At opening, Hyatt Place Denver/Westminster will be the third White Lodging-managed hotel in Westminster and the 18th throughout the Denver/Boulder metro area.

Centrally located between Denver and Boulder, the hotel will be located northwest of downtown Denver off Highway 36/Boulder Turnpike. The hotel will be situated within a five-minute drive of a multitude of restaurant, retail and corporate demand generators including Ball Corporation, Interlocken Business Park, Oracle, Level 3, IBM, SunCorp and Protogenic. Regional attractions such as the Rocky Mountain National Park, Estes Park, Coors Brewery and the Red Rocks Park & Amphitheatre, as well as the corporate headquarters for DigitalGlobe and Datalogic are all within a short drive. Other nearby businesses includes St. Anthony’s North Hospital, KaiserPermente Health Care, Axion Health, Cerapedics, Flagship Boisciences and Arca Biopharma.