Denver-based commercial real estate investment and development firms ErvoSquare and Matrix Group, Inc., have acquired the Pacifica Union Small Bay Industrial Portfolio in Englewood for $33 million. The transaction represents the first partnership between the two real estate firms.
JLL assisted ErvoSquare with the acquisition by identifying and securing Matrix Group, Inc., as a joint venture partner.
The Pacifica Union portfolio, now rebranded as the Santa Fe Industrial Collective, comprises 10 adjacent warehouse buildings constructed between 1974 and 1985, housing 108 tenant units with an average size of 2,383 square feet. Current tenants include a diverse mix of businesses ranging from electrical contractors and custom cabinet makers to automotive service providers and shipping services.
The 257,409-square-foot industrial property spans 13.98 acres and features clear heights ranging from 14 to 20 feet across the various buildings. Located at the intersection of West Union Avenue and Santa Fe Drive, the complex serves as a functional small-bay warehouse park that has been under single ownership for more than 30 years.
The portfolio is strategically positioned at the junction of Denver’s Southwest and South-Central industrial submarkets, offering direct access to Santa Fe Drive and seamless connectivity throughout the Denver metropolitan area. The location provides proximity to dense residential neighborhoods and major retail amenities while avoiding primary highway congestion patterns.
The JLL Capital Markets team was led by Senior Managing Director Peter Merrion and Director Rob Key with additional support from Senior Managing Director Leon McBroom, Director Will Haass and Associates Hannah Pennington and Ellie Savage.
“JLL is thrilled to facilitate bringing together these two established Denver firms into their first joint venture,” Merrion. “ErvoSquare and Matrix Group’s combined expertise and business plan for Pacifica Union will deliver a desirable industrial option in this highly infill location.”
“Peter, Rob and the entire team at JLL did an exceptional job steering this transaction through a time of capital market volatility and identifying Matrix Group, Inc., a best-in-class operator and great partner,” added Michael Ervolina, founder and managing principal of ErvoSquare.
