DMCAR is pleased to recognize and honor these outstanding brokers who have achieved the highest levels of production in 2022. Each one of our honorees, as well as each of our finalists, represent the best of the best of our Denver area commercial real estate industry and we’re thrilled to recognize them for the skills, knowledge and successes they deliver for their clients and our entire community.
Recognizing his industry leadership, professionalism, business acumen and unwavering dedication to all those around him, the Denver Metro Commercial Association of REALTORS (DMCAR) has named Riki Hashimoto as its Broker of the Year for 2022.
For details on Top Producers, Top Ten Honorees, Top Deals of the Year, Project of the Year, Top Landlords, Sponsors and more…
56th & Tower Mixed-Use Development
After going under contract on 40 acres of land at the northeast corner of 56th and tower road in the Spring 2017, the team at Evergreen Devco envisioned developing a mixed-use project with residential and a grocery-anchored shopping center. The area was growing, but they were clearly pioneering; no new multifamily units had been constructed in the area between 2001 and 2017.
They broke ground on the multifamily project in fall 2018 and constructed 324 units. The project sold for record pricing at the end of 2020 but was struggling to attract a grocer to the intersection. They eventually secured a lease with Sprouts Farmers Market, went through an arduous platting process – including being one of the first retail projects to implement Denver’s new electric vehicle charging stations requirement – and broke ground in the spring 2021.
Project leases included Corner Bakery, ENT Credit Union, The Learning Adventure, European Wax Center, a pediatric medical office, a liquor store, and Daz Bog Coffee. The hip new concept, Birdcall, is working on entitlements and expected to open later this year.
Bringing 56th and Tower to life, the team of Erika Shorter, Tyler Carlson, Karen Ortiz, Dana Dragon and Heather Wiseman from Evergreen Devco.
Dollar General Build-to-Suit
At 919,000 square feet, the Dollar General build-to-suit industrial deal at the corner of 64th and E-470 in Aurora was one of the year’s largest build-to-suit transactions and involved a land sale and a construction contract by Hyde Development with vertically-integrated General Contractor, Mortenson Construction. Hyde Development pursued the prospect starting in early 2021 with the land closing in Q3 2022.
The project kicks off a 5.5-million-square-foot industrial park. Dollar General plans to invest $172 million into the facility and help create approximately 400 new jobs. Honorees include; Paul Hyde, Tim D’Angelo and Mike Wardwell from Hyde Development. And from CBRE, Tyler Carner, Jeremy Ballenger, Jessica Ostermick, Todd Witty, and Daniel Close.
Flatiron Park
Boulder’s Flatiron Park, once home to a gravel quarry, now holds the distinction of being the largest single-asset sale in Colorado history. The sale of Flatiron Park provided a generational chance to acquire scale and continue to grow in this fortress market. The entire offering included more than 1 million square feet spread across 21 existing buildings, 2 build-to-suit R&D buildings, and a fully entitled development parcel.
The JLL team successfully brokered the cash sale of the premier innovation and technology campus on behalf of a joint-venture seller in a time of increasing geopolitical conflict and market volatility. After closing, the JLL team consulted with each party from the seller side to determine a charity of their choice and, as part of their fee for the sale, donated to the Susan G. Komen Foundation, Project Destined, and the Parkinson’s Foundation.
The JLL Capital Markets team representing the seller was led by Mark Katz, Peter Merrion, and Hilary Barnett with support from analysts Phillip Anderson and Kelly Kramer.
In the summer of 2022, national real estate owner, operator and developer, Edens purchased 2660 Larimer St., a nearly-full city block at 26th and Larimer in Denver’s Five Points neighborhood. The sale of the approximately 97,000-square-foot property was part of a larger deal between Edens and Volunteers of America Colorado.
Both Edens and the VOA Colorado are strongly community-minded, and this agreement served as a great example of a powerful new alignment that will ultimately benefit both VOA Colorado and the neighborhood for years to come. VOA will maintain ownership of its current 20,000-square-foot five points headquarters, which will be remodeled by Edens to better support the nonprofit’s needs.
The new Edens development will include a mix of retail, housing, and open and public spaces. The project is expected to bring nearly 400 residential units, 90,000 square feet of ground-floor retail, and over 10,000 square feet of publicly-accessible, privately-maintained open space. Dorit Fischer and Hayden Hirschfeld of NAI Shames Makovsky represented Tom Kiler and Edens.
Recognizing his industry leadership, professionalism, business acumen and unwavering dedication to all those around him, the Denver Metro Commercial Association of REALTORS (DMCAR) has named Paul Schneider as its Broker of the Year for 2021.
Remarks
KATIE KRUGER
DMCAR CEO
Denver Metro Commercial Association of REALTORS®
www.dmcar.com