Superior apartments to become condos

SUPERIOR – Colorado & Santa Fe Land Co. founder and Chief Executive Officer Marcel Arsenault has teamed up with a partner, Everett Wiehe, and investor Jeff Wells to purchase the Jefferson at Rock Creek apartment complex off U.S. 36.for $35 million – or about $95 per square foot.

Arsenault said the three have been tracking apartment complex sales, and the deal was the largest of its kind in Colorado this year in terms of single complexes.

“There just aren’t that many $35 million deals done,” he said.

The seller was JPI Partners, a Dallas-based owner of high-end apartment complexes nationwide that has a…