Two tenants fill remaining space at distribution warehouse
A pair of tenants have signed leases at 500 W. 53rd Place in Denver – bringing the 112,509-square-foot industrial facility to full occupancy.
Threewit Cooper-Cement Co., a Denver-based masonry building product supplier, leased 25,208 sf and Hajoca Corp., the nation’s largest, privately held wholesale distributor of plumbing, heating, cooling and industrial supplies, leased 39,202 sf.
A joint venture between Connexion Asset Group and Streech Properties owns the facility.
Aaron Valdez, Tyler Smith and Alec Rhodes with Cushman & Wakefield’s Denver office represented the landlord in the transaction.
“The property offers a functional layout along with a huge, expanded fenced yard in a central location, which made it attractive to the tenants,” said Valdez. “We believe the property and its unique features will allow the tenants to grow their businesses by providing their customers with quick access to this location.”
“Our team is excited to welcome Hajoca and Threewit to 500 W. 53rd. We’re thrilled to get these deals done in a turbulent market and it’s a credit to all parties involved – our team, Cushman & Wakefield and the tenants – that we were able to fill the building up very quickly,” said Ed Anderson, CEO of Connexion Asset Group.
This year the ownership group made improvements to the property, including upgrading lighting to motion-sensor LED, replacing large portions of the parking lot asphalt, improving and expanding the yard and giving the front entrance a face-lift.
The centrally located distribution warehouse features immediate access to the entire Denver metro area via Interstates 70 and 25. It also includes excess secured yard, ample car and trailer storage, drive-in and dock-high doors and 18-foot ceiling heights. It is located in an enterprise zone within unincorporated Adams County. It was built in 1971.
NAI Shames Makovsky’s Paul Kahn, Rachel Canell and Matthew Marcus represented Hajoca Corp. in its lease.
Featured in CREJ’s June 3-16, 2020 issue