California-based family trust pays $8.6M for Interlocken building

BROOMFIELD — Denver-based Etkin Johnson Real Estate Partners has sold an office/flex building at Interlocken in Broomfield for $8.6 million.

California-based Steve and Loretta Scheenstra Trust purchased the property at 295 Interlocken Blvd., in the Interlocken Advanced Technology Environment. NavPoint Real Estate Group, based in Castle Rock, will manage the property moving forward.

Etkin Johnson purchased 295 Interlocken in December 2009 for $6.92 million. Constructed in 1984, the property includes 65,127 square feet of office/flex space and is divided into eight business suites. The property was 92 percent leased at the time of sale.

“This sale is the culmination of a successful investment for Etkin Johnson and its partners, and we are working with NavPoint to ensure a seamless transition for all of our tenants,” said Derek Conn, executive vice president and partner at Etkin Johnson. “We remain very invested in the Northwest Corridor and are looking forward to many continued years of prosperity in the region.”

Since the company’s founding in 1989, Etkin Johnson Real Estate Partners has developed and acquired more than 85 properties across Colorado’s Front Range, totaling more 7.5 million square feet. Its current portfolio is made up of office, hotel and industrial holdings, totaling approximately 5 million square feet.

Newmark Knight Frank brokers Riki Hashimoto and Dan Grooters represented Etkin Johnson in the transaction. Matt Call and John Witt from NavPoint represented the Scheenstra Trust.

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