Brennan Investment to develop industrial park in Commerce City

A Chicago-based developer that entered Denver’s southeast industrial submarket last year is reaching into the northern metro area with plans for just under 1 million square feet of Class A industrial product. Brennan Investment Group, in a joint venture with New York Life Real Estate Investors, bought 61.4 acres of land at East 112thAvenue and…

Jill Jamieson-Nichols

December 14, 2018

Westfield buys central Denver industrial development site

Westfield Company Inc. has acquired the Rocky Mountain Prestress property for development of a new Class A industrial park. One of the last remaining infill sites for industrial development in central Denver, the property is located at the northwest corner of Pecos Street and West 56thAvenue. Westfield closed on the first 45 acres of the…

Jill Jamieson-Nichols

December 10, 2018

Granite Depot snags central Denver warehouse for $2.4 million

Denver County Property Location: 2605-2625 W. 8thAve., Denver Property Description: 18,950-sf warehouse (7,317-sf office area), YOC 1973, updated in 1987, three dock doors and one drive-in (10’x14’), 18’ ceiling height Land Size: 28,000 sf Sales Price: $2.4M, or $126.65 psf Reception No.: 2018140785 Closing Date: 10-31 Grantor: Greenwood Enterprises LLC (Greg Greenwood, mgr.) Grantee: 2605 W. 8thAve…

John Winslow

November 6, 2018

Englewood warehouse sells for $1.95 million

Arapahoe County Property Location: 2190 W. Bates Ave, Units 1 & 2, Englewood Property Description: 19,248-sf (two-level) warehouse, YOC 1975, masonry (renovated in 1995) Land Size: 21,043 sf Sales Price: $1.95M, or $101.31 psf Reception No.: D8098646 Closing Date: 10-2 Grantor: Delkevic US LLC (Janielle Myers, signatory) Grantee: Mad Dragon Properties LLC (Matthew Ellis, mgr.), 720-306-9164 Financing: $1.46M…

John Winslow

October 31, 2018

Englewood industrial building sells to Denver oilman for $975,000

Arapahoe County Property Location: 3990 S. Kalamath St., Englewood Property Description: 5,920-sf warehouse, YOC 1969, twin-tee construction Land Size: 8,276 sf Sales Price: $975,000, or $164.70 psf Reception No.: D8100950 Closing Date: 10/9 Grantor: 3990 S. Kalamath LLC (Robert G. Millen, mgr.) Grantee: Bison Garage LLLP (James “Austin” Akers, mgr.), 518 17th St., Suite 1800, Denver 80202,…

John Winslow

October 26, 2018

Owner-user pays $106 per square foot for northeast Denver warehouse

Denver County Property Location: 10645 E. 47thAve., Denver Property Description: 13,631-sf warehouse, YOC 1968, brick construction Land Size: 25,100 sf Sales Price: $1.45M, or $106.38 psf Reception No.: 2018125767 Closing Date: 10/3 Grantor: MCCain LLC (Douglas McCain, mgr.) Grantee: Mountain Building LLC (Todd Schrader, mbr.), 10645 E. 47thAve., Denver Financing: $736,750 payable to BOKF, NA, dba Colorado…

John Winslow

October 24, 2018

Rreef REIT sells Central 62 Distribution Center for $21.33M

Adams County Property Location: 495 E. 62nd Ave., Denver, “Central 62 Distribution Center” Property Description: 123,904-sf warehouse, YOC 2016, concrete construction with 28’ clear height Land Size: 7.57 acres Sales Price: $21.33M, or $172.11 psf Reception No.: 79266 2018 Closing Date: 9-28 Grantor: Central 62 LLC (Rreef Fund), James E. Toney, VP, & Marc Feliciano) Grantee: Central 62 Acquisition…

John Winslow

October 22, 2018

Distribution center containing 1.3 million square feet in Brighton sell for $40.75 million

Adams County Property Location: 18824 E. Bromley Road, Brighton Property Description: 1.3 million-sf warehouse, YOC 1994, concrete construction Land Size: 103.3 acres Sales Price: $40.75M, or $31.21 psf Reception No.: 80179 2018 Closing Date: 10-2 Grantor: Brighton Lease Management LLC by: Net Lease Management Partners LLC (John H. Newcomer Jr., as liquidating trustee) Grantee: Starboard Platform Brighton…

John Winslow

October 18, 2018

Denver Rock Island Railroad snags industrial building in North Denver

Adams County Property Location: 5440 Franklin St., Denver Property Description: 21,120-sf warehouse, YOC 1982 Land Size: 3.2 acres Sales Price: $3.8M, or $179.92 psf Reception No.: 78117 2018 Closing Date: 9/24 Grantor: McConnell Manufacturing Properties LLC, 5793 Interstate 25, Walsenburg 81089, attn: Patrick G. McConnell, mbr. Grantee: The Denver Rock Island Railroad, 303-296-0900, Commerce City Financing: $3.84M…

John Winslow

October 17, 2018
Central 62

Corum Real Estate sells Central 62 in $21.33 million deal

Corum Real Estate Group sold its Central 62 distribution center in Denver for $171.94 per square foot, one of the highest prices achieved for multitenant industrial product in Denver. J.P. Morgan Investment Management Inc. bought the 124,024-sf building in an off-market deal totaling $21.33 million. The property at 435-495 E. 62nd Ave. is fully leased…

Jill Jamieson-Nichols

October 15, 2018