Talonvest Capital Structures $7.2M JV Equity for Industrial Condo Projects in Golden and Grand Junction
NEWPORT BEACH, Calif. — December 18, 2025 — Talonvest Capital, Inc., a boutique advisory firm specializing in commercial and self storage real estate, structured $7.2 million in joint venture equity for two industrial condo developments in Colorado, according to a company announcement.
The equity was arranged on behalf of Playground Properties for projects in Golden and Grand Junction. Clark Investment Group provided the joint venture equity, including $4.2 million for the Golden Garages project and $3.0 million for a garage-condo development in Grand Junction. Both projects are expected to be completed in 2026 and have reported significant pre-sales prior to funding.
Industrial Developments in Golden and Grand Junction
The Golden Garages project will comprise 68,880 square feet across 53 fully customizable industrial condo units. The Grand Junction project, described as the first garage-condo development on Colorado’s Western Slope, will include more than 50 for-sale units. Both developments are designed for business owners, entrepreneurs, and lifestyle users seeking functional, customizable space.
Playground Properties, founded by Ben Lapidus and Gerrit Van Maanen, has prior experience with over $500 million in self storage investment and development across 76 sites totaling approximately 4.3 million square feet. The new joint venture aims to expand similar ownership-based industrial projects across the Western United States.
Capital Partnership
Talonvest Capital structured the joint venture equity through its alliance with Clark Investment Group. “Talonvest’s ability to source the right equity partner and move efficiently through both closings was impressive,” said Ben Lapidus, principal of Playground Properties. “We value their insight and look forward to working together on future opportunities.”
The Talonvest team involved in the transaction included Anna Siradze, Thomas Sherlock, Ivan Viramontes, and Lauren Maehler.
About Talonvest Capital
Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners, and developers throughout the United States. The firm emphasizes a collaborative team approach and institutional expertise to structure capital solutions for its clients.