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.

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.

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…

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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…

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…

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.

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