Revesco Acquires Three Buildings in Arvada, CO
Revesco Properties struck a deal with Jamis Properties to acquire three buildings in Olde Town Arvada, CO. The trade went down between the buyer and seller – both Denver-based – for $6.5 million.
The portfolio consists of:
- The 24,876-square-foot mixed-use 5773-5777 Olde Wadsworth Blvd.
- The 5,200-square-foot Olde Wadsworth Blvd., a restaurant property.
- The 5,313-square-foot 5790 Yukon St., which houses a creative office and clothing store.
The new owner plans to improve the properties by updating the courtyards and patios at 5773-5777 Olde Wadsworth, as well as making additional capital improvements to all the properties. The buyer will also manage the properties.
Dax Gitcho, with NAI Shames Makovsky, represented Jamis Properties in the off-market transaction.
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