DENVER-HFF has closed the sale of The Artisan, a 434-unit, garden-style multifamily housing community near the Southeast Business Corridor.
HFF marketed the property on behalf of Prime Residential. Peak Capital Partners purchased the asset for $33.05 million contingent to existing debt.
The Artisan is 98% occupied and consists of 63% townhome-style units, as well as one-, two- and three-bedroom flat-style units averaging 901 square feet. Community amenities include a fitness center, two heated swimming pools, sport court, business center, two clubhouses and covered parking. The Artisan is located at 10025 East Girard Avenue within walking distance of two light rail stations and less than 10 minutes from the Denver Technology Center and Southeast Business Corridor.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
