Adams County Property Location: 4960 Locust St., Commerce City Property Description: 12,672-sf warehouse, YOC 1962, twin-tee concrete Land Size: 1.43 acres Sales Price: $2.4M, or $189.39 psf Reception No.: 77063 Closing Date: 9/21 Grantor: 4960 Locust CO LLC (Mariann Gullo-Krewenka, et al.) Grantee: 4936 Locust LLC (Eric Stern, mgr.) Financing: $1.92M payable to First Citizens Bank &…

An opportunistic investor paid $40.75 million for the Sears distribution facility in Brighton, the largest single-story industrial building in Colorado. The 1.31 million-square-foot building sits on 104 acres at 18875 E. Bromley Lane. Newport Beach, California-based Starboard Realty Partners LLC paid approximately $31.35 per sf for the asset. Sears has a leasehold interest on the…

Denver County Property Location: 4230 Elati St., Denver Property Description: 16,932-sf manufacturing building, YOC 1973 Land Size: 35,801 sf Sales Price: $3.05M, or $180.13 psf Reception No.: 2018101374 Closing Date:8/9 Grantor: KBD Investments LLC (Nicole Kazenske & Anne Marie Dienstbach) Grantee: Herrick Durango Land Co. (Edward D. Herrick Jr., mgr.) Financing: $1.83M to Community Banks of Colorado…

Prologis made a true blockbuster announcement this week when it said it would pay $8.4 billion for Denver-based DCT Industrial Trust. It appears to be the second-largest industrial real estate transaction ever. Ironically, the only bigger industrial deal occurred in 2011, when AMB Property Corp. paid $8.7 billion in stock for the larger Prologis. AMB,…

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Economic development guru Tom Clark was worried that when recreational marijuana could legally be sold in Colorado, it would snuff out the strong economic surge sweeping the Front Range. “We were terrified,” said Clark, the CEO of the Metro Denver Economic Development Corp., a post he will be leaving when he retires in March. Clark…