Aurora lands industrial developer for Porteos Business Park

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Adams County

Property Location: Vicinity of northeast corner of East 64thAve. (extended) & Harvest Road, also fronts westerly side of Jackson Gap Road, Aurora

Property Description: Vacant land, first phase

Land Size: 75.6 acres

Sales Price: $2.39M, or $0.73 psf

Reception No.: 2018000056918

Closing Date: 7/13

Grantor: ACP DIA 1287 Investors c/o Bill Wichterman, 602-448-9392

Grantee: Green Industrial Development Group, 10 Glenville Court, Greenwich, CT 06831, attn: Daniel Green, 203-532-1780

Comments: The J.A. Green Development Corp. is a family owned business in the industrial real estate business since 1941. It has developed over 1.5 million square feet in the Dallas-Fort Worth International Airport area and 100 acres adjacent to Bush International Airport. Price was based on entire phase, including first phase of 75.6 acres and second phase of 172.4 acres. The second phase will close in fall. This site is northwest of the 169-acre Walmart site purchased in 2016 for $13.5 million. Walmart plans to build a large-scale e-commerce fulfillment center as it competes with Amazon.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or [email protected]

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