Amazon, Costco boost industrial footprints

Two big retailers are expanding their footprints in the Denver industrial market with distribution facilities that could reach more than a half-million square feet each. Amazon leased the first speculative building at First Aurora Commerce Center in Aurora, and Costco is starting construction of a new “depot” in the Porteos development near Denver International Airport.…

Jill Jamieson-Nichols

January 17, 2020

SunCap, Colony to develop spec industrial

A new industrial park with great freeway access is coming to yet another former Denver area greenhouse property. SunCap Property Group and Colony Industrial, a subsidiary of Colony Capital, bought the Welby Gardens property at East 74th and Clayton Street in Adams County to develop North Central Logistics Center. The development will include 640,995 square…

Jill Jamieson-Nichols

December 28, 2019

Edge 470 underway with delivery set for third-quarter 2020

Etkin Johnson Real Estate Partners has broken ground on the first phase of Edge 470, a 334,000-square-foot industrial/ flex campus near E-470 and Chambers Road in Parker. Scheduled for completion in the third quarter, Phase 1 consists of two approximately 80,000-sf buildings on 12.8 acres. “Every detail of Edge 470 is designed to give tenants…

Jill Jamieson-Nichols

December 27, 2019

Uniform company finds fit with tech center flex building

A scarcity of available flex space drove interest in a Colorado Tech Center building that sold for $2.5 million, or $166.79 per square foot. Sunny Way LLC purchased the building at 379 S. Arthur Ave. in Louisville from SimonKramer Partners LLC. A Cut Above Uniforms, currently in Broomfield, will occupy the building. Scott Crabtree “We…

Jill Jamieson-Nichols

December 23, 2019

Berkeley Partners sells Moncrieff Business Center for $9.9M

Berkeley Partners sold a 101,406-square-foot industrial building that was part of a portfolio it acquired early this year after working with CBRE to bring the building to 100% occupancy. Moncrieff Business Center, located at 14603 E. Moncrieff Place in Aurora, sold to an investor advised by Zurich Alternative Asset Management for $9.9 million, or $97.63…

Jill Jamieson-Nichols

December 16, 2019

Mountain bike manufacturer Yeti to grow to 58,950 sf

High-end mountain bike manufacturer Yeti Cycles signed a lease for a 28,650-square-foot flex building at Corporate Center in Golden with plans to expand its corporate headquarters to nearly 60,000 sf. Yeti, which occupies 30,300 sf at 621 Corporate Circle, will grow into the new space at 611 Corporate Circle in early 2021. Approximately 60 employees will work within the two facilities.

Jill Jamieson-Nichols

December 16, 2019

Plumbing supplier to build 450,000 sf

The country’s largest provider of commercial and residential plumbing supplies will build a 450,000-square-foot warehouse/distribution facility on 53 acres it bought from Prologis for $14.05 million. Newport News, Virginia based Ferguson Enterprises will start construction on the building at Prologis Park 70 near E-470 and East 19th Avenue by the end of the month. The…

Jill Jamieson-Nichols

December 16, 2019

Moncrieff Business Center sells for $9.9 million

Berkeley Partners sold a 101,406-square-foot industrial building that was part of a portfolio it acquired early this year after working with CBRE to bring the building to 100% occupancy. Moncrieff Business Center, located at 14603 E. Moncrieff Place in Aurora, sold to Zurich Alternative Asset Management for $9.9 million, or $97.63 per sf. New York-based…

Jill Jamieson-Nichols

December 5, 2019

Corum to develop 400,000 sf in central, SES submarkets

Denver-based Corum Real Estate Group will develop a combined 400,000 square feet of speculative industrial space on two sites it acquired in metro Denver. Gateway Central 64 will be located at 2101 W. 64th Ave. in Adams County, just north of the Interstate 76 and Pecos Street interchange. It will consist of two front-park, rearload…

Jill Jamieson-Nichols

December 1, 2019

Crossroads becomes Havana 37 after $14.75 million sale

A 1970s industrial property on the Interstate 70 corridor in Denver changed hands at $14.75 million, or $98 per square foot. BKM Capital Partners bought the 150,245-sf Crossroads Distribution Center from Denver based Kew Realty. BKM, a Newport Beach, California-based institutional fund manager, will spend approximately $1.2 million on capital improvements to the property at…

Jill Jamieson-Nichols

November 25, 2019