Trammell Crow acquires 132-acre site for huge fulfillment center in Thornton

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Adams County

Property Location: Northeast corner of Interstate 25 and East 144th Ave., Thornton, “proposed Amazon fulfillment center”

Property Description:  Vacant land, plan to build 2.4 million-square-foot facility for Amazon

Land Size: 132 acres

Sales Price: $22.59M, or $3.93 psf

Reception No.: 49846 2017

Grantor: Thornton Investments LLC, Gregory G. Fulton, mgr., 303-694-0862

Grantee: 144 Bull Crossing Associates LLC c/o Trammell Crow Company, John R. Killian, treasurer, & Lisa Sher, EVP & legal counsel, 484-530-4658

Closing Date: 6/15

Financing: $51.3M payable to JPMorgan Chase Bank, NA

Comments: Trammell Crow is doing a build-to-suit for Amazon for a three-story, 2.4 million-sf Robotics fulfillment center at the northeast corner of Interstate 25 and E. 144th Ave., with frontage on North Washington Street. William Mosher is contact for Trammell Crow. See APN: 01573-15-0-00-019 containing 95.7 acres for $18.25M, and APN: 01573-15-0-00-009, which sold for $4.35M, containing 36.306 acres, or $2.75 per square foot. The sellers were Richard Frank, Andrew R. Klein, Otis C. Moore III & Robert E. Perry. The site is divided east to west by the Bull Canal. The seller’s web site is www.gvccap.com.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or [email protected]

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