Silverstein – record industrial year in 2018

Silverstein

The three main commercial real estate food groups – office, industrial and retail – this year added what is believed to be a record 12.8 million square feet. Those are the preliminary numbers crunched by economist Patty Silverstein. “That is huge, absolutely huge,” said Silverstein, president and chief economist of Development Research Partners. Silverstein, who is…

John Rebchook

December 12, 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

Commerce City warehouse is snagged by owner-user for $1.21 million

Adams County Property Location: 6430 E. 50thAve., Commerce City Property Description: 11,692-sf warehouse, twin-tee construction, YOC 1962 Land Size: 18,295 sf Sales Price: $1.21M, or $103.49 psf Reception No: 93283 2018 Closing Date:11/16 Grantor: JS Builders LLC Grantee: Blackwater LLC (Christopher John Chaplin, mbr.), 303-920-2286 Financing: $993,600 SBA loan payable to Wells Fargo Bank, NA Comments: Listed…

John Winslow

December 5, 2018

Local roofing company snags Aurora office/warehouse for $1.35 million

Adams County Property Location: 1660 Chambers Road, Aurora Property Description: 9,393-sf office/warehouse, masonry, YOC 1962 Land Size: 20,475 sf Sales Price: $1.35M, or $143.72 psf Reception No.: 94513 2018 Closing Date: 11/26 Grantor: Cardinal Enterprises LLC (Brad Hrabik, mbr.) Grantee: Highline Roofing & Gutters Inc. (Eduardo Vazquez-Miranda, pres.) Financing: $1.01M payable to Commerce Bank, NA Comments: Listed for…

John Winslow

December 4, 2018

International nonprofit buys final building in Concord Business Park

8648 S. Peoria St.

An international relief organization has a permanent home in the Denver area thanks to its $11.39 million purchase of the final building at Concord Business Center in Douglas County. Samaritan’s Purse, a nondenominational Christian organization, bought a 63,550-square-foot industrial building at 8648 S. Peoria St. that developer IBC Holdings just completed. The building finalized build-out…

Jill Jamieson-Nichols

December 2, 2018

Prime Commerce City industrial site sells for $1.1 million

Adams County Property Location: Northeast corner I-270 & Havana St., Commerce City Property Description: Vacant land zoned industrial Land Size: 3.53 acres Sales Price: $1.1M, or $7.15 psf Reception No.: 89664 2018 Closing Date: 11/2 Grantor: Royal Crest Enterprises LLC (William Kinney, Aaron Kinney & Anthony Spadafora, mbrs.) Grantee: SASS Land LLC (Matt S. Sass, mgr.), Douglas…

John Winslow

November 26, 2018

High-demand Denver industrial buildings command large dollars

Denver County Property Location: 5145 N Clarkson St. Property Description: 2,240-sf office/warehouse (630-sf office area), YOC 2006, metal construction, two-drive-in doors (10’ x 10’) with 12’ clear height Land Size: 9,355 sf Sales Price: $550,000, or $245.54 psf Reception No.: 2018146175 Closing Date: 11/13 Grantor: Blackwater LLC (Christopher J. Chapin, mbr.) Grantee: Drew Bisping 303-789-4759 Financing: Cash…

John Winslow

November 21, 2018

Nate’s Import Automotive expands on adjoining site

Denver County Property Location: 1422 W. Alameda Ave., Denver Property Description: Misc. improvements (land value) Land Size: 12,500 sf Sales Price: $425,000, or $34.00 psf Reception No.: 2018146353 Closing Date: 11/13 Grantor: Surplus Tools & Commodities Inc. (Roger Allan Cox) Grantee: Nathaniel Ramos, 1430 W. Alameda Ave., Denver Financing: Cash Comments: Buyer acquired site next door to his 4,014-sf…

John Winslow

November 19, 2018

Central Development snags another 5.43 acres at Centennial business park

Arapahoe County Property Location: West side S. Blackhawk St. at E. Easter Place intersection, approximately 700 feet north of E. Fremont Ave., Centennial Property Description: Vacant industrial land Land Size: 5.426 acres Sales Price: $945,428, or $4 psf Reception No.: D8102864 Closing Date: 10/10 Grantor: Jordan-Arapahoe LLP (Chris M. Wittenbrink, mgr., et al.) Grantee: Encompass Land Venture…

John Winslow

November 15, 2018

Houston investor snags two marijuana-tenant Industrial buildings

Denver County 1. Property Location: 4600 Ironton St., Denver Property Description: 37,636-sf warehouse, YOC 1976, twin tee construction Land Size: 2.21acres Sales Price: $3.6M, or $95.65 psf Reception No.: 2018140225 Closing Date: 10/29 Grantor: BCP-4600 Ironton LLC (Chad A. Brue, mgr.), 303-500-8959 Grantee: GS Ironton LLC, Chris Calato, 832-301-3933, c/o Morningside Capital Comments: This building has been divided…

John Winslow

November 14, 2018