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Clarion buys more industrial assets from Pauls

Gateway Building 21
Clarion Partners bought Gateway Park’s Building 21, along with 13 other buildings, in 2018.

Clarion Partners, which completed a record-setting industrial acquisition in the Denver market last year, has acquired more than $78 million in additional properties from the same seller.

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The Pauls Corp., which sold its 1.93 million-square-foot industrial portfolio at Gateway Park in Aurora to Clarion for $206.06 million last year, sold the additional assets to Clarion for $78.11 million, according to Adams County records.

Among the latest assets are two newly completed distribution buildings, Buildings 22 and 23.

Watch CREJ’s print edition and CREJ.com for more on this story.

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Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…