Amazon, Costco boost industrial footprints
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Kris Oppermann Stern
January 17, 2020SunCap, 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…
Kris Oppermann Stern
December 28, 2019Edge 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…
Kris Oppermann Stern
December 27, 2019Uniform 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…
Kris Oppermann Stern
December 23, 2019Berkeley Partners sells Moncrieff Business Center for $9.9M
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Kris Oppermann Stern
December 16, 2019Mountain 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.
Kris Oppermann Stern
December 16, 2019Plumbing 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…
Kris Oppermann Stern
December 16, 2019Moncrieff 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…
Kris Oppermann Stern
December 5, 2019Corum 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…
Kris Oppermann Stern
December 1, 2019Crossroads 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…
Kris Oppermann Stern
November 25, 2019