{"id":1004090369,"date":"2014-01-24T12:33:11","date_gmt":"2014-01-24T20:33:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=234183"},"modified":"2020-05-08T00:16:25","modified_gmt":"2020-05-08T08:16:25","slug":"pathfinder-partners-acquires-m-u-development-in-denver","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pathfinder-partners-acquires-m-u-development-in-denver\/","title":{"rendered":"Pathfinder Partners Acquires M-U Development in Denver"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor <\/em><\/p>\n

\"\"<\/a>San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company\u2019s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.<\/p>\n

Located at 3451 West 38th Avenue in Denver\u2019s West Highland neighborhood, King Lofts is a three-story condominium building featuring 18 units above 2,700 square feet of ground-floor retail space. Developed in 2008 as a condominium project, King Lofts underwent a foreclosure sale in 2012 before any units were sold. Currently fully leased, the project was purchased by Pathfinder from the successor owner for $4.25 million.<\/p>\n

The property features six one-bedroom, 10 two-bedroom and two loft units ranging in size from 863 to 1,330 square feet. The property also contains a ground level parking garage. The retail space is fully leased to two tenants \u2013 a salon and a Pilates studio.<\/p>\n

King Lofts will continue to be operated as a rental community by Pathfinder for the near future. The company plans to rebrand and rename the property and also intends to improve several common area elements, including adding a rooftop sky-deck.<\/p>\n

\u201cWe like Denver\u2019s diversified economy and significant population and employment growth as well as King Lofts\u2019 ideal center-city location and proximity to shops and restaurants,\u201d says Lorne Polger, senior managing director of Pathfinder Partners. \u201cThe project also provides dual exit strategies \u2013 in the future, we can sell individual condominiums or market the property as a stabilized rental community. The property\u2019s creative, contemporary architectural elements and condominium-level interior finishes make it a unique and appealing rental option for the neighborhood.\u201d<\/p>\n

For more Denver market data, click here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[1815],"class_list":["post-1004090369","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest","tag-national"],"acf":[],"yoast_head":"\nPathfinder Partners Acquires M-U Development in Denver - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pathfinder-partners-acquires-m-u-development-in-denver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pathfinder Partners Acquires M-U Development in Denver\" \/>\n<meta property=\"og:description\" content=\"San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pathfinder-partners-acquires-m-u-development-in-denver\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-24T20:33:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-08T08:16:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/01\/Path_KingLofts.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Pathfinder Partners Acquires M-U Development in Denver\",\"datePublished\":\"2014-01-24T20:33:11+00:00\",\"dateModified\":\"2020-05-08T08:16:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/01\\\/Path_KingLofts.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pathfinder-partners-acquires-m-u-development-in-denver\\\/\",\"name\":\"Pathfinder Partners Acquires M-U Development in Denver - 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