LaSalle buys CenterCore Distribution Center for $45.25M

LaSalle Investment Management made its first industrial property acquisition in the Denver market in many years with the $45.25 million purchase of a Class A distribution facility on the central Interstate 25 corridor. LaSalle paid $181.56 per square foot for CenterCore Distribution Center, a two-building, 249,228-square-foot property at 5725 and 5775 N. Broadway in Denver.…

Jill Jamieson-Nichols

October 14, 2019

Murphy Co. acquires Northern Business Center in Thornton

Murphy Co., one of the nation’s largest mechanical contracting firms, has acquired Northern Business Center, a 128,998-square-foot office/manufacturing building at 12789 Emerson St. in Thornton. The company plans to transform the manufacturing area into 90,000 sf of fabrications space and relocate the majority of its Colorado-based employees into 40,000 sf of office space by January…

Jill Jamieson-Nichols

October 11, 2019

Intersand chooses Great Western park

A global company that produces cat litter has acquired a site at Great Western Industrial Park in Windsor for construction of a 46,000-square-foot packaging and distribution facility. The approximately $18 million facility will be the first U.S. location for Montreal-based Intersand America Corp. It is strategically located near bentonite clay mines in Wyoming, allowing raw…

Jill Jamieson-Nichols

October 4, 2019

Dalfen buys Denver infill property in first local market deal

Dalfen Industrial bought 77,222 square feet of centrally located industrial space in its first Denver acquisition. The acquisition included two small-bay buildings on 4.32 acres at 700 and 702 W. 48th Ave., immediately northwest of the interchange of Interstates 25 and 70. Dalfen paid $9.67 million, or $125.16 per sf, for the property. Mark Bowen “It’s perfect for the central market,” said Mark Bowen, Dalfen Industrial senior vice president and head of investments. The product appeals to smaller tenants that are the bread and butter of the Denver market and is a true last mile location in a submarket with consistently low vacancy, he said. “The location was key. It’s always stayed well-occupied because of where it is and its last-mile characteristics,” said Bowen. Built in 1984, the property has 11 units in each building and offers both dock-high and drive-in loading. It was 100% occupied at the time the sale. BR Printers, which occupies several units, is the largest tenant.

Jill Jamieson-Nichols

September 29, 2019

Walmart, Sigma leases lead to next building at 76 center

The first speculative industrial building at 76 Commerce Center in Brighton is 88% leased, prompting construction of a second spec building for delivery in late April. Walmart recently signed a lease for 91,997 square feet in Building 5, a 266,240-sf bulk warehouse building that was delivered in December. In addition, Sigma Corp., a wholesaler of…

Jill Jamieson-Nichols

September 6, 2019

Perlmutter buys land for SE development

Jordon Perlmutter & Co. has acquired 21.95 acres of land at Lincoln Executive Center in Centennial for development of approximately 300,000 square feet of industrial space. An affiliate, JP Grove LLC, paid $1.4 million for the property at East Caley Avenue and South Kenton Street, where it plans to develop four high-image buildings, likely in…

Jill Jamieson-Nichols

August 30, 2019

NewStreet makes ‘smart’ buy with Panasonic building

Panasonic Enterprise Solutions Co.’s “smart building” near Denver International Airport was picked up for $194.74 per square foot in an investment company’s first Denver deal. NewStreet Properties LLC bought the 112,966-square-foot industrial/flex building, which produces more energy than it consumes, from Denver-based Westfield Company Inc. for $22 million. Westfield developed the building at 6144 N.…

Jill Jamieson-Nichols

August 19, 2019

United Properties lands mattress company for 289,113 sf

United Properties landed one of the biggest names in mattresses for a newly completed, 289,113-square-foot speculative industrial building at Interstate 70 and Tower Road in Aurora. Sealy Mattress Manufacturing Co. signed a long-term lease for Tower Business Center 1 at 18701 E. 38th Ave. Tenant improvements are underway, and Sealy is expected to take occupancy…

Jill Jamieson-Nichols

August 18, 2019

CBD company leases 136,610 square feet in Louisville

Etkin Johnson Real Estate Partners leased a new 136,610-square-foot speculative industrial/flex building at the Colorado Tech Center, prompting construction of the next building at Louisville Corporate Campus.

Jill Jamieson-Nichols

August 8, 2019

First Industrial pays $9 million for PODS building in Aurora

First Industrial Realty Trust bought a net-leased industrial building in Aurora for $9 million, or $106.26 per square foot. The 84,700-square-foot building is located at 21110 E. 31st Circle. Moving and storage company PODS occupies the property on a triple-net lease with more than eight years remaining on the term. First Industrial Senior Regional Director…

Jill Jamieson-Nichols

August 8, 2019