CWS Town Centre Holdings L.P. paid $33.1 million for the Jefferson at Town Centre near W. 120th Ave. at 1001 E. First Ave., Broomfield, minutes away from the Interlocken Business Park in Broomfield. No other apartment project in the metro area - other than ones that were bought to be converted into condominiums - have ever sold for such a lofty price, says Jeff Hawks, who sold the project on behalf of JPI, with fellow Grubb & Ellis Co. broker Doug Andrews.
"Jefferson Town Centre is the highest-quality apartment community to have sold in the metro Denver area," said Hawks, an apartment specialist with Grubb & Ellis.
"The location of Jefferson at Town Centre was as good as it gets," says Andrews. "Any property near the Boulder Turnpike corridor or Interlocken is benefiting from increased job growth, demand for apartments and limited sites to build new properties."
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