ENGLEWOOD, CO — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently sold ALTA Cherry Hills, a +/- 4.6-acre site located at the southeast corner of Broadway and Hampden in Englewood, Colorado.
ARA Colorado principals, Steve O’Dell and Chris Cowan, represented the seller, a local real estate investor, Solidcore Partners, in the transaction. Wood Partners, one of the nation’s largest multifamily developers, purchased the site for an undisclosed amount.
Chris Cowan explained, “Wood Partners continues to lead the charge in our market for developing great urban infill corridors. ALTA Cherry Hills replaces the old Flood Middle School campus and provides unobstructed views of downtown and the Front Range.” He added, “Englewood was once considered a sleepy, post-war community but is now experiencing a resurgence of new development fueled by its central location, access to multiple transportation options and its all-American ‘main-street’ feel.”
Steve O’Dell said, “The former Flood Middle School site is located at the southeast corner of Broadway and Hampden (US Hwy 285) and is highly visible from both Broadway and Hampden, two of the metro area’s busiest streets. This is an excellent infill site, close to Swedish Medical Center, Craig Hospital, and the historic Englewood business district. The site is slated for development of 306 luxury urban- style apartments.”
To schedule an interview with an ARA executive regarding this transaction, please contact Lisa Robinson at [email protected]or 404.990.4900, or Amy Morris at [email protected]or 404.990.4902; locally, Chris Cowan at [email protected], or Steve O’Dell at [email protected], or 303.260.4400.
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace resulted in an annual production volume of $9.5 billion in real estate transactions in 2012. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com.