News and Updates

Company Information

6850 South Priest Drive

June 28, 2021

Woodspear Properties sold the 19,430 square foot industrial building a 6850 S. Priest Drive in Tempe, AZ on June 28, 2021. The sale price for the property was $2,525,900 or $130 per square foot. The property was vacant at the time of sale. Tom Louer of Lee & Associates represented Woodspear Properties.

2810 South Roosevelt Street

April 2 2021

Woodspear Properties sold the 47,000 square foot industrial at 2810 S. Roosevelt Street in Tempe, AZ on April 2, 2021. The sale price for the property was $5,600,000 or $119 per square foot. The property vacant at the time of sale. Tom Louer of Lee & Associates represented Woodspear Properties.

Fox Run Lofts

February 25, 2021

Woodspear Properties purchased the 116 unit apartment property called Fox Run Lofts in Centennial, CO on February 25, 2021. The purchase price for the property was $29,750,000 or $256,465 per unit. The property consists of one and two bedroom units. The property was built in 2014. Property amenities include a clubhouse, swimming pool, fitness center, detached garages and a dog park. Frank Farrell of Farrell RES represented the seller in the transaction.

The Buttes Apartments

February 15, 2021

Woodspear Properties purchased the 111 unit apartment property called The Buttes in Loveland, CO on February 15, 2021. The purchase price for the property was $25,500,000 or $229,730 per unit. The property consists of one and two bedroom units. The property was built in 1996. Property amenities include a clubhouse, swimming pool, business center, fitness center, detached garages and a dog park. Greg Parker of Marcus & Millichap represented the seller in the transaction.

Avenue Apartments

February 10, 2021

Woodspear Properties sold the 84 unit apartment property called The Avenue at San Marcos in San Marcos, CA on February 10, 2021. The sale price for the property was $25,750,000 or $306,547 per unit. The property consists of one and two bedroom units. The property was built in 1988. The property has nearby light rail and close proximity to California State University San Marcos. Merrick Matricardi of Kidder Mathews represented Woodspear Properties in the transaction.

Ladera Apartments

October 28, 2020

Woodspear Properties acquired the 66 unit apartment property called Ladera Apartments in Tukwila, WA on October 28, 2020. The purchase price was $14,400,000 or $218,181. The property consists of one and two bedroom units. The property was built in 1989.

Brookhaven Apartments

December 20, 2019

Woodspear Properties acquired the 72 unit apartment property called Brookhaven Apartments in Federal Way, WA on December 20, 2019. The purchase price is $16,000,000 or $222,000 per unit. The asset was built in 1991 and was 95% occupied at the time of closing.

5100 Summit Apartments

September 19, 2021

Woodspear Properties acquired the 115 unit 5100 Summit Apartments in Puyallup, WA on September 19, 2019. The purchase price was $26,000,000 or $226,086 per unit. The asset was built in 2018 and 2019. The property was sold by Tim Ufkes of Marcus & Millichap.

The Avenue at San Marcos

November 27, 2018

Woodspear Properties acquired the 84 unit The Avenue at San Marcos Apartments in San Marcos, CA on November 27, 2018. The purchase price was $23,300,000 or $277,380 per unit. The asset was built in 1986. The acquisition adds to Woodspear’s North County San Diego portfolio. The property was sold by Kevin Mulhern of CBRE.

Eagles Landing

August 29, 2017

Woodspear Properties acquired the 176 unit Eagles Landing Apartments in Westminster, CO on August 29, 2017. The purchase price was $43,000,000 or $244,318 per unit. The asset was built in 1995. The acquisition gives Woodspear Properties its’ first asset in the Northwest Denver submarket. David Potarf and Dan Woodward of CBRE represented the seller in the transaction.

Orchards Shopping Center

August 29, 2017

Woodspear Properties sold the 159,805 square foot Orchards Shopping Center in Greenwood Village, CO on August 29, 2017. The sale price was $38,000,000 or $237 per square foot. Woodspear Properties performed a Section 1031 exchange with the sale proceeds. Mike Winn and Brad Lyons of CBRE represented Woodspear Properties in the transaction.

Scandia Apartments

January 30, 2017

Woodspear Properties acquired the 39 unit Scandia Apartments in Englewood, CO on January 30, 2017. The purchase price was $5,650,000 or $144,871 per unit. The asset was built in 1963. The acquisition gives Woodspear Properties its’ second apartment acquisition in the Englewood submarket. Frank Farrell of Farrell RES represented the seller.

Eagleview Apartments

September 29, 2016

Woodspear Properties sold the 65 unit Eagleview Apartments in Colorado Springs, CO on September 29, 2016. The sale price was $5,100,000 or $78,461 per unit. The property was 95 percent occupied at the time of sale. Greg Price of Marcus & Millichap represented Woodspear Properties on the transaction.

Specialty Wood Products

September 1, 2016

Woodspear Properties acquired a 25,000 square foot industrial property in Denver, CO on September 1, 2016. The purchase price was $4,950,000 or $198 per square foot. The property is leased to one tenant for a period of ten years. The property sits on 8 acres of paved yard and was constructed in 2016.

Prairie Trail

June 5, 2015

Woodspear Properties acquired an 83,302 square foot industrial in Parker, CO property on June 5, 2015. The purchase price was $10,600,000 or $127 per square foot. The asset was built in 2001 and was 95 percent occupied at the time of purchase. The acquisition gives Woodspear Properties its’ fourth industrial acquisition in the Southeast Denver submarket. Jeremy Ballenger and Tyler Carner of CBRE represented the seller.