Property Includes Former Practice Facility for Denver Rockets
November 09, 2022
DENVER – Transwestern Real Estate Services (TRS) announces that it represented Denver Community Church (DCC) in the purchase of 333 & 375 S. Zuni St. in Denver for $3.775 million. Transwestern Senior Vice Presidents Kevin McKinnon and Craig Paton, with Associate Alex Shapiro, represented DCC in the purchase of the building from a joint venture of Oxi Fresh Franchising Company Inc. and BE Properties Corp.
Located in the Athmar Park neighborhood of Denver, the 1.1-acre property includes a 10,000-square-foot gym on 375 S. Zuni and developable land on 333 S. Zuni. The gym, which features a striking wooden barrel ceiling, will become the home of DCC’s faith community. DCC’s development plans for the empty land include new offices for the church, Sunday morning children’s ministry, and multi-purpose space.
“Our church is excited about this property,” said Jon Gettings, Executive Pastor of Denver Community Church. “It will function as the future home for our faith community, allowing us to find ways to be good neighbors in the Valverde and Athmar Park neighborhoods, serve our nonprofit partners around the city and world, and as a gathering place for all who call DCC home. We are very thankful to the Transwestern team for their incredible work in helping us find and close on this property!”
The gym building was formerly the practice facility for the Denver Rockets, as well as the home of a nonprofit Denver basketball academy. The building will comfortably seat approximately 500 people, and the location offers an easy Sunday morning commute for DCC’s community members from North, Central, and South Denver.
In January 2022, Transwestern represented DCC in the $3.1 million sale of 1101 S Washington St., an 18,155-square-foot church, a transaction that was part of the strategic plan to secure a new location.
“We are pleased to help Denver Community Church find its new long-term home,” said Shapiro. “With developable land and a vacant 10,000-square-foot building, competition for this property was stiff. We are excited to see the former gym transform to its new life as a beautiful and unique house of worship.”
The sellers of 333 and 375 S. Zuni St. were represented in the transaction by Jeffrey Wood, Monica Wiley, and Colton Reimer of CBRE.
About Denver Community Church
Denver Community Church started when a group of people felt led to move to Denver to start a church that would be so involved in the community that the only appropriate name would be Denver Community Church. DCC first gathered together in the spring of 2001. The theme of DCC has always been to explore and participate in the life of Jesus, so that we can be a healing presence in our world. Today, by the grace of God, DCC is alive and well, which is the heart of our story. Our story is still being told, but it is not just one story; it is hundreds of stories from hundreds of people – stories of life change, healing, redemption, justice, and joy. It is the story of the Church – not brick and mortar – but people who live out the reality of God being in our midst. For more information, please visit https://denverchurch.org.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.