DENVER, COLORADO (October 23, 2020) – NorthMarq announced today that it has completed the sale of Alta Green Mountain, a recently completed 260-unit apartment community located in the highly-coveted suburb of Lakewood, Colorado. NorthMarq’s Investment Sales team led by managing director Dave Martin and vice president Brian Mooney marketed the property on behalf of the seller. The buyer was Boston-based TA Realty.
Located at 13055 W. Mississippi Court, Alta Green Mountain is a best-in-class garden-style asset located in one of Denver’s most sought-after suburban locations. Lakewood has emerged as one of Denver’s premier investment submarkets offering the optimal mix of access to major employment centers and proximity to outdoor recreational amenities – all within a high-barriers-to-entry submarket.
Completed in 2020 and totaling 250,640 square feet of rentable area, the property offers residents resort-style amenities highlighted by a year-round pool and spa, Colorado-inspired fitness center, private garages, and a sprawling indoor-outdoor clubhouse complete with business center and outdoor lounge area. Residents also enjoy immediate access to Lakewood’s William F. Hayden Park on Green Mountain offering 2,400 acres of preserved open space featuring more than 20 miles of dedicated mountain biking and hiking trails.
“The development team executed flawlessly on the design and construction of Alta Green Mountain, which was evident by the extraordinary lease-up of the asset,” said Mooney. “There is arguably no other apartment community in metro Denver better positioned to capitalize on shifting renter preferences to the western suburbs, a position clearly shared by investors as evidenced by a robust turnout during the marketing campaign. Alta Green Mountain checks all the boxes in today’s investment environment, and the developer’s timing on delivering this asset could not have been better.”