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

ASB Real Estate picks up rare industrial portfolio for $72M

ASB Real Estate Investments completed one of the largest industrial property acquisitions in Denver this year with the $72 million purchase of three buildings in the airport submarket. The 633,193-square-foot portfolio included a 406,959-sf distribution building at 22100 E. 26th Ave. in Aurora, leased by Subaru of America; 9410 Heinz Way in Commerce City, a 140,630-sf building leased to Home Depot USA; and an 85,604-sf building that Old West Mattress Co. leases at 18300 E. 28th Ave. in Aurora. The average weighted lease term remaining is 3.1 years.

Jill Jamieson-Nichols

November 18, 2019

ASB acquires Denver industrial portfolio for $72 million

ASB Real Estate Investments has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet in Denver’s Airport submarket for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. A Blackstone affiliate, Link Properties, was the seller. Fully leased to Subaru of America, Home Depot, and Old West Mattress Company respectively, the three buildings include 22100 E. 26th Ave. (406,959 sf) in Aurora, 9410 Heinz Way (140,630 sf) in Commerce City and 18300 E. 28th Ave. (85,604 sf) in Aurora.

Jill Jamieson-Nichols

November 4, 2019

User pays $16M for building in Encompass Business Park

A user paid $16 million for a build-to-suit in Encompass Business Park, where a new speculative industrial building is being delivered and plans for another 171,000 square feet are underway. Rincon Research Corp., a defense contractor, exercised an option to buy the office building it occupies at 7140 S. Potomac St. in the Centennial business…

Jill Jamieson-Nichols

October 25, 2019

ETuk owners buy buildings at former Robinson Dairy site

The owners of Denver-based eTuk USA, which makes electric rickshaws, bought two buildings at the former Robinson Dairy property in Denver for $5.25 million, or $121.65 per square foot. There currently are tenants in both buildings, so, “It’s starting more as an investment play for them,” said Colin Clancy of Broad Street Realty, who represented…

Jill Jamieson-Nichols

October 18, 2019

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