Vacant West Wash Park retail property sells for $8M

Wash Park Supply

A vacant retail building at the edge of West Wash Park has sold.

Elkco Properties, which was founded in 1985, and the recently-formed ZS Capital Partners paid $8.3 million last week for the 20,000-square-foot building at 300 E. Alameda Ave., which was originally built in 1962 as a Safeway and has since been divided into four units.

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Newly-Formed Investment Firm Acquires First Retail Property with ELKCO Properties

300 E Alameda

Veteran real estate investors Spencer Pariser and Derek Conn have announced the merger of their respective firms, Strat Ventures and Zeme Capital. Now operating under ZS Capital Partners, the new firm, in partnership with ELKCO Properties, recently closed on the acquisition of 300 East Alameda Ave., a 20,000-square-foot retail center in the heart of Denver’s West Washington Park neighborhood, in an off-market transaction for $8.3 million.

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Denver Real Estate Firms Buy Brand-New Berekely Mixed-Use Building for $20.4 Million

Lyric No. 39 interior

Denver Real Estate Firms Buy Brand-New Berekely Mixed-Use Building for $20.4 Million

Denver Business Journal | February 1, 2022

The two Denver firms are relative newcomers but are leveraging years of experience and friendship to partner up on this deal.