Parker master-planned community sells for $41 million
Thursday, April 19, 2018
Hess Ranch, a master-planned community in Parker, sold for $41 million to JEN Colorado from Stroh Ranch Development.
JEN Partners is a New York-based property management firm.
Located in northern Douglas County, the community spans 1,133 acres.
“The greater Denver market is coming into focus for large master-planned community developments,” said Stew Mosko, Cushman & Wakefield, who represented Stroh Ranch Development on the sale. “The existing stock of housing opportunities is struggling to keep pace with growth, thereby proving ample demand for thoughtful new residential communities. JEN Colorado will be able to fill a space our market desperately needs.”