Real Estate & Construction  June 19, 2015

NY private-equity firm turns quick profit on Walgreens building in Loveland

LOVELAND — A New York-based private-equity real estate firm has sold the building occupied by Walgreens at the southeast corner of Wilson and Eisenhower in Loveland to a trust in San Francisco.

The Giichi Sakurai 2005 Trust paid $6.4 million for the 14,600-square-foot building at 2370 W. Eisenhower Blvd., three months after New York-based Ladder Capital purchased it for $5.6 million from an investment group called 1250 North Wilson Avenue LLC, which had purchased it for $5.1 million in 2005.

Loveland-based McWhinney Real Estate Services constructed the building in 2004 and sold it for $1.5 million that year to Col Eisenhower & Wilson LLC, a group based in Durango.

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LOVELAND — A New York-based private-equity real estate firm has sold the building occupied by Walgreens at the southeast corner of Wilson and Eisenhower in Loveland to a trust in San Francisco.

The Giichi Sakurai 2005 Trust paid $6.4 million for the 14,600-square-foot building at 2370 W. Eisenhower Blvd., three months after New York-based Ladder Capital purchased it for $5.6 million from an investment group called 1250 North Wilson Avenue LLC, which had purchased it for $5.1 million in 2005.

Loveland-based McWhinney Real Estate Services constructed the building in 2004 and sold it for $1.5 million that year to Col Eisenhower &…

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