CBRE Arranges $15.14 Million Sale of Land Poised for Multifamily Development

CBRE has facilitated the $15.14 million sale of a 12.6-acre plot of land at 8600 S. Valley Highway in Englewood, Colorado, to The Garrett Companies, a Colorado-based full-service multifamily real estate developer.

The land will be developed into a 317-unit apartment community and recently started construction. The project will be named Garrett Park Meadows and consists of a club house with full amenities and six four-story residential buildings. The buildings will include a mix of one-, two- and three-bedroom units. The residents of this project will be able to enjoy both the adjacent county line rail station and all the amenities offered by Park Meadows Mall.

Eric Roth, Martin Roth and Chris Cowan of CBRE represented the seller, Grace Chapel, in the transaction.

Located at the corner of I-25 and E-470, the land offers immediate access to the County Line Light Rail Station and Park Meadows Mall via the pedestrian footbridge. It’s adjacent location to the Denver Tech Center is likely to attract tenants that work in the immediate area.

“This site represents one of the strongest locations along the front range and allows for true walkability to restaurants, shopping and public transit, which is rare for a suburban location” said CBRE’s Eric Roth.