BROOMFIELD, CO-In the largest single-asset multifamily sale inColorado thus far in 2010, according to brokers from Moran &Co., Chicago-based AMLI Residential has purchased a class-Aapartment community here from Dallas, TX-based Trammell CrowResidential. The purchase price of the Alexan Arista 358-unitproperty was $55.55 million.
Moran & Co. was the exclusive listing agent with partners,David Martin and Pamela Koster of the firm’s Mountain States officerepresenting the seller. According to managing partner Martin, theAlexan Arista property “has tremendous upside due to its strategiclocation in what is rapidly becoming the ‘alternative energycorridor’ with construction of ConocoPhillips planned R & Dfacility now underway.”
The property is located within the Northwest Corridor of MetroDenver which runs along US 36, also known as the Boulder Turnpike.Alexan Arista is located between Downtown Denver and Boulder and isonly a 20-minute drive to both cities, according to a preparedstatement. The property is minutes away from InterlockenAdvanced Technology Park—which is home to many companies including,Oracle, Level 3 Communications, Ball Corp. and IBM.
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