Spectrum Acquires Future Assisted Living Site
Nearly 2 Acres in East Hampden Sell for $2.1 Million
June 19, 2012
Spectrum Real Estate Group Inc. purchased nearly 2 acres at 6383 E. Girard Place in Denver from Johnson Capital Group of Colorado for $2.14 million or $1.07 million per acre.
The buyer will build Highpointe Assisted Living & Memory Care, a 79,000-square-foot, 99-bed assisted living facility. Construction will start next month. The completion goal is 14 months later with a September 2013 opening. The building will be in the East Hampden submarket.
The buyer and seller were self-represented.
Please refer to CoStar COMPS #2311688 for more information on this transaction.