A large, high-quality flex development in Denver’s southeast industrial submarket sold for $27.75 million, or $113.72 per square foot.
MIG Real Estate purchased Dry Creek Business Park, a 244,028-sf property at 7300-7348 S. Alton Way in Centennial from Greenfield Partners. The park consists of 15 buildings that are 93 percent leased to roughly 90 tenants.
“We’ve been involved with that project since 1999. Throughout the years, we have been contacted repeatedly by investors wanting to buy that site,” said Colliers International principal T.J. Smith.
See the entire article in CREJ’s Dec. 16-Jan. 5