A 1.6 million-square-foot industrial portfolio, which includes 16 buildings across two sites in Denver, has been sold to Phoenix-based Harrison Properties, marking the company’s first acquisition in the Denver metro. The portfolio is in the Central Denver submarket and is the largest industrial transaction on record in Colorado since 2022. A purchase price was not disclosed.
“We’re excited to build a team in Denver and be a part of this dynamic community,” said Jim Harrison with Harrison Properties.
The portfolio includes the Upland Distribution Portfolio and Denver Business Center. Both centers have a diversified tenant roster and are located near the intersection of I-70 and I-225, offering immediate connectivity to metro Denver.
Jeremy Ballenger, Tyler Carner, Keiffer Garton, and Jim Bolt of CBRE represented the seller, Prologis, a national logistics real estate company, in the transaction.
“Transactions of this size are rarely seen in just one market,” said CBRE’s Ballenger. “With this magnitude, we originally marketed with the option of splitting the portfolio between the two industrial parks. Harrison understood the great tenant demand for functional, small-bay, infill warehouse spaces in the Denver market and capitalized by purchasing both properties together.”
Upland Distribution Portfolio is one million sq. ft. consisting of 10 small-bay buildings. The portfolio was 85% occupied at the time of the sale by 27 tenants, with an average suite size of 30,367 sq. ft.
The Denver Business Center is nearly 594,000 sq. ft. and consists of six small-bay buildings. The park was 92% occupied at the time of the sale by 16 tenants, with an average suite size of 29,688 sq. ft.
Industrial sales volume in the Denver metro reached $488 million in Q3 2025, marking a 47.7% increase year-over-year, according to CBRE Research. This brings the year-to-date transaction volume to $1.6 billion, nearly double the amount recorded during the same period in 2024. The overall construction pipeline decreased 30.7% quarter-over-quarter to just 3.3 million sq. ft., the lowest amount under construction since Q4 2015.
