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Evergreen Devco Spins Off Recently Delivered Denver Apartments
Evergreen Devco unloaded Outlook Table Mesa, a 250-unit luxury community in Wheat Ridge, Colo., for $97 million, or nearly $390,000 a unit. FJ Management purchased it.
The rental asset was delivered last year. Commercial Edge reports that Comerica Bank issued a $51.2 million construction loan for the asset in 2022.
Located on over 12 acres at 4051 Clear Creek Drive, the community is roughly 14 miles west of downtown Denver.
Outlook Table Mesa comprises 16 low-rise buildings with one- and two-bedroom floor plans. The units, which average 908 square feet, include balconies or patios. Amenities include a swimming pool, business lounge, sports court and gym.
Outlook Table Mesa is part of Evergreen’s Clear Creek Crossing, a master-planned, mixed-use development that includes restaurant, retail, and residential spaces.
Northmarq’s Dave Martin and Brian Mooney represented Evergreen Devco in the Outlook Table Mesa sale process.
- ◦Sale/Acquisition
