A pair of buildings along Brighton Boulevard linked to a father-son real estate feud have sold to a different father-son team for for $3.5 million.
Brij Khandelwal and Alex Khandelwal of Halogen Capital, acting as 3125 Brighton LLC, paid $3.5 million last week for the one and two-story structures at 3325 and 3327 Brighton Blvd. Blue Federal Credit Union provided financing for the deal.
Alex Khandelwal, who is Brij’s son, said the buildings are about 11,218 square feet combined, and both are occupied. Howdy, a marketing agency, operates at 3325 Brighton and Converge Denver, a nonprofit coworking space that says it is designed for “creatives and culture shapers,” is at 3327 Brighton.
“We don’t have any immediate plans right now,” Khandelwal said. “We acquired the property because we think it’s really well located along Brighton Boulevard.” The property is 0.43 acres and is zoned for up to eight stories, records show. Khandelwal noted it’s within the 38th and Blake overlay district, which allows developers to build higher than the base zoning if they meet certain requirements regarding income-restricted housing.“Keeping the buildings would be nice, but I think the best use would be higher density,” he said.
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