The Praedium Group has purchased Gateway Arvada Ridge in the Arvada, Colo., submarket of Denver.
“The Denver market continues to outpace the country in terms of job and population growth, even throughout the current health crisis,” noted Lindsay Schuckman, vice president of The Praedium Group. “With Gateway Arvada Ridge, we are acquiring a high-quality, transit-oriented property, in a strong suburban location that is not only experiencing in-migration but also has high barriers to entry.”
The financial terms were not disclosed; however, Denver Business Journal, reported the sales price was $101.58 million.
Constructed in 2019, Gateway Arvada Ridge is a high-quality four-story elevatored property with interior air-conditioned corridors. The property offers high-end unit finishes, such as quartz countertops, stainless steel appliances, large kitchen islands, walk-in closets, floor-to-ceiling windows and an expansive set of amenities. This property
