Kentro Group: In The News

Today’s News + Insights from Kentro Group

February 4th, 2016

Ware-as-Hulk mural supports Broncos

The Kentro Group development group owns the Colfax site. The company bought the 0.36-acre plot a year ago for $1 million. Kentro has gutted the building and plans a redevelopment.

August 19th, 2015

ICSC Rocky Mountain

Jimmy Balafas is co-founder and Managing General Partner of
Kentro Group LLC, a private real estate investment firm.

May 20th, 2015

Denver’s ‘first TOD’ enjoys Renaissance

s. Developers such as the Kentro Group have large parcels under contract for future developments. Kentro has placed a former Colorado State Bank building on an acre between Jasmine & Ivy streets, north of Colfax, under contract, said Jimmy Balafas, principal of the Denver-based development firm.

January 10th, 2014

Anschutz Medical Campus takes shape as a veritable city of health sciences

A joint venture between Denver-based BMC Investments and Kentro Group plans to develop a 4-acre site at 12100 E. Colfax Ave. across from the campus. The partnership intends to build up to 1 million square feet of medical office buildings.

December 13th, 2013

Developer says he has a final and real solution to decay and demo on the south side of Fitzsimons

“We’re going to have more employees across the street than the Denver Tech Center has projected,” said George Balafas, co-founder and partner of Denver-based Kentro Group “When you start looking at how many people are working there on a daily basis, you get strong interest from retailers.”

November 13th, 2013

Land adjacent to Anschutz Medical Campus to be developed after two years of negotiations

Denver-based BMC Investments and Kentro Group joined forces, and checkbooks, to buy the 4-acre property at 12100 E. Colfax Ave. for $3.6 million.

November 4th, 2013

2 metro Denver land buys point to development

The first comes from a joint venture of BMC Investments and Kentro Group, both of Denver, which bought a four-acre property at the southeast corner of Colfax and Peoria, 12100. E. Colfax Ave., Aurora.

October 31st, 2013

Prime land near Fitzsimons in play

BMC Investments and Kentro Group plan to develop the four-acre site at 12100 E. Colfax Ave., at the southeast corner of Colfa and Peoria.

October 15th, 2013

Kentro plants flag on Tennyson

The Kentro Group recently paid $1.15 million for the former Group Ward Carter Dance Studio on a 19,169-sf site at 4275 Tennyson St. in Denver’s Berkley neighborhood.

September 6th, 2013

DBJ names finalists for 2013 Power Book awards

The awards recognize some of the top business newsmakers of the last year in 14 industry categories.

March 29th, 2013

Denver Trader Joe’s under way, work yet to start on Boulder store

Boulder may have been the first to land Trader Joe’s, but Denver appears to have pulled ahead in efforts to lay claim to the specialty grocer’s first store to open in Colorado.

March 28th, 2013

Construction starts on Denver Trader Joe’s

Workers this week broke ground on the Trader Joe’s store at East Eighth Avenue and Colorado Boulevard, six months after the grocery chain confirmed its plans to open its first Denver store.

December 28th, 2012

PEOPLE TO WATCH: ‘Jimmy’ Balafas

Denver native Dimitrios “Jimmy” Balafas is the co-founder and managing general partner of the Kentro Group, a Denver development company specializing in retail. Balafas had invested in retail real estate locations since 2004, but officially launched Kentro in 2009 with business partners George Balafas, his brother, and Yianni Bellis, his cousin.

October 3rd, 2012

Inside the deal that’s bringing Trader Joe’s to Denver

Denver developer who helped land the Denver Trader Joe’s almost two years to assemble the land and get the zoning changed to allow for the popular grocer.

September 13th, 2012

Denver Trader Joe’s developer races to open before Boulder

Denver developer Jimmy Balafas said he expects to be in a “neck-and-neck race” with Boulder to be the first to open a Trader Joe’s.