For over 25 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.

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Denver, Colorado 80202
303.650.6500

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Monthly Archives: June 2017

Etkin Johnson sells Clear Creek Business Center for $18.1M

As Seen In The Colorado Real Estate Journal – June 21 – July 4, 2017

An eight-building business park under the same ownership for a dozen years sold to a Honolulu-based buyer for $18.1 million.

Denver-based Etkin Johnson Real Estate Partners sold Clear Creek Business Center to Watumull Properties Corp. The park consists of 187,865 square feet of office/flex space.

“Clear Creek Business Center has been part of the Etkin Johnson portfolio for 12 years and we are working closely with Watumull Properties to create a smooth transition for all of our tenants there,” said Derek Conn, Etkin Johnson executive vice president and partner. “This sale will allow us to better focus on existing properties in the area as well as new developments and potential acquisitions,” he said.

Clear Creek Business Center, located at 6800-6880 N. Broadway in Denver, was built from 1984 to 1987. It houses 47 tenants from 526 to 19,415 sf, the largest of which are ZS Pharma, Red Hawk Fire & Security LLC and Dish Network Service LLC. Occupancy was 95 percent at the time of sale.

Situated at the confluence of Interstate 25, U.S. Highway 36 and I-76, the park provides good visibility and access. The single-story buildings are fully sprinklered and have 10-foot windows, individual HVAC units, 10-by-10-foot drive-in doors and 14- to 16-foot ceiling clearance.

Etkin Johnson sold the Clear Creek Business Center for $18.1 million.

“Thanks to our best-in-class leasing and property management teams, we were able to achieve dramatic rent growth over the last several years while maintaining near full occupancy,” said Conn. “This made for an exceptional investment opportunity for a qualified buyer.”

Brad Calbert and T.J. Smith of Colliers International handled the transaction.

Etkin Johnson owns nearly 5 million sf of industrial, commercial, hospitality and multifamily properties in Colorado, including approximately 1.2 million sf in the Colorado Technology Center in Louisville.

Watumull Properties’ holdings include more than 2 million sf of flex/industrial properties in the Denver market.

Etkin Johnson sells Denver office complex for $18.1 million

As Seen In The Denver Business Journal – June 1, 2017

Denver-based Etkin Johnson Real Estate Partners has sold a 187,865-square-foot office complex for $18.1 million.

Honolulu-based Watumull Properties purchased the Clear Creek Business Center, at 6800-6880 N. Broadway in Denver, which Etkin Johnson had previously owned for more than a decade.

Etkin Johnson sold the Clear Creek Business Center for $18.1 million.

“Clear Creek Business Center has been part of the Etkin Johnson portfolio for 12 years, and we are working closely with Watumull Properties to create a smooth transition for all of our tenants there,” said Derek Conn, executive vice president and partner at Etkin Johnson. “This sale will allow us to better focus on existing properties in the area as well as new developments and potential acquisitions.”

Clear Creek Business Center, an eight-building business park, was built in the 1980s and is occupied by 47 tenants ranging in size from 526 square feet to 19,415 square feet. The facility was 95 percent occupied at the time of sale.

Etkin Johnson owns nearly 5 million square feet of real estate in Colorado and is developing new industrial space in Louisville and a hotel in Westminster.

Sports Authority headquarters in Englewood sells for $15.77 million

As Seen In The Denver Post – April 8, 2017

Denver’s Etkin Johnson Real Estate Partners on Friday said it has sold the former Sports Authority headquarters in Englewood.

The sale to the freshly formed West Hampden Investors LLC gives hope for a revival of the sprawling campus at the corner of West Hampden Avenue and South Santa Fe Drive, which was home to almost 800 employees before big-box retailer Sports Authority sank into bankruptcy last year.

The $15.77 million deal involves two buildings: the 92,040 square-foot 1050 W. Hampden Ave. and the 118,167 square-foot 1090 W. Hampden Ave. Etkin Johnson acquired the buildings in 1998 and leased the space to Gart Bros. from 2001 to 2003 and Sports Authority — which merged with Gart in 2003 — until 2016.

The new owners, West Hampden Investors, based in Denver’s RiNo neighborhood, filed articles of organization with the Colorado Secretary of State in January.

Etkin Johnson partner Ryan Good said in a statement that the deal allows the company to concentrate on other properties along the Front Range, including new developments in Louisville’s Colorado Technology Center and in Colorado Springs.

The company, which owns almost 5 million square feet of property in Colorado, recently acquired a 33-acre parcel adjacent to the Colorado Technology Center, where it owns 1.2 million square feet of space in the office park. The company also is developing the 77-acre Gateway at InterQuest in north Colorado Springs, where it plans a 288-unit community set to break ground later this year.