Suburban Denver MF Trades

LITTLETON, CO—ARA Newmark Co. has completed the sale of the 250-unit Outlook Littleton to Braddock and Logan for what the ARA says is the highest per-unit price ever paid for a non-core garden asset in metro Denver.

Outlook Littleton is a class A multifamily located 15 miles from Denver.

With this transaction, ARA Newmark Denver closed more than $111 million in sales in the first week of 2016, following a record $2.04 billion in 2015.Vice chairmen Jeff Hawks and Doug Andrews and executive managing directors Chris Cowan, Terrance Hunt and Shane Ozment represented the seller, Evergreen Development, which constructed and delivered the property in 2015. Although Outlook Littleton is Evergreen’s first metro Denver sale, the company’s local partner, Jeff Wikstron, has been a successful developer for three decades.