CBRE Completes Sale of 26.92 Acres in Central Park for Multifamily Development

17 Nov 2020

Central Park Multifamily Land

CBRE announced today that it completed the sale of 26.92 acres of vacant land at the southeast corner of Central Park Boulevard and Northfield Boulevard in Denver, Colo., to Mid-America Apartment Communities, based in Germantown, Tenn.

The tract is in the Central Park master plan, formally known as Stapleton, and is entitled for multifamily development.

Eric Roth and Martin Roth of CBRE’s Denver office represented the seller, FEI Holdings, a family office based in Greenwood Village, Colo.

“This site is a premier apartment development opportunity in one of the most sought after master-planned communities in the entire metro area,” said Eric Roth, senior vice president. “With development potential of up to 1,000 units, we expect that the buyer will enjoy a significant pipeline in Central Park for years to come.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.