Castle Rock Industrial Asset Sells to Joint Venture
Colliers announced the sale of Castle Rock Industrial at The Meadows, a 158,380-square-foot industrial asset located at 3563–3593 Timber Mill Parkway in Castle Rock. The property sold for $35.4 million to a joint venture of New York-based Sound Capital and Connecticut-based Palladian Management.
This property is ideally positioned within one of the fastest-growing corridors along the Front Range, offering modern functionality with immediate access to a deep and expanding labor pool. Demand for well-located, newer construction product in supply-constrained submarkets like Castle Rock remains strong.
Colliers represented Saunders Commercial Development Company in the transaction and congratulates the joint venture on their acquisition. The transaction was facilitated by Colliers’ T.J. Smith, Nick Rice, Tim Shay, and Brad Calbert.
This transaction underscores continued investor demand for high-quality industrial assets in the Denver metro area.
CBRE Facilitates $5.83 Million Industrial Sale in Fort Collins
CBRE negotiated the $5.83 million sale of a 40,722-square-foot industrial property located at 4812 McMurry Avenue in Fort Collins. Boston McMurry LLC acquired the property.
CBRE’s Jon Rue and Anthony DeLorenzo represented the seller, QCS 4 LLC, in the transaction.
“We continue to see strong investor demand for value-add industrial opportunities in Northern Colorado,” said Rue, first vice president at CBRE. “This well-located property is a strong example of that, offering upside through lease-up and repositioning.”
Located in one of Colorado’s fastest-growing markets, the single-story property was built in 1995 and features one dock-high door, two ground-level doors, and a 12-foot clear height. The building is leased to two tenants, Megger, an electronic test equipment manufacturer, and Lincare, a respiratory healthcare company.
The property is approximately three miles from Interstate 25, providing access to key regional markets, including Fort Collins, Denver and Colorado Springs.
According to CBRE Research, the Fort Collins submarket recorded one of the lowest direct vacancy rates in Northern Colorado during the first half of 2025, with overall vacancy levels at their lowest point in the past five years.
Medical Office Property Sells for $3.2M
Pinnacle Real Estate Advisors, LLC, announced the sale of a 20,034-square-foot medical office property for $3.2 million located in the Ken Caryl Business Park.
The property, also known as Chatfield Plaza, features 10 tenants, abundant parking, and upgraded solar paneling on the roof. RC Myles, Eric Shaw, and Kianna Starin represented the seller, and Craig Myles and Joe Owston represented the buyer.
This transaction was executed entirely by brokers of Pinnacle Real Estate Advisors and marks the sixth Littleton transaction completed by the MB Team in the past year.
DTI Holdings Acquires 9.33 Acres of Industrial Land in Mead
DTI Holdings Inc. has acquired a 9.33-acre industrial land parcel located at 4199 County Road 28 in Mead for $1.4 million.
Jake Cook and Tom Myers of Ringsby Realty Corporation represented the buyer. The seller, Weinberg Servicing LLC, was represented by Brian Baker of Fuller Real Estate.
The site is located within the growing Mead/Longmont industrial corridor, with access to Interstate 25 and connectivity to northern Colorado’s logistics and manufacturing hubs. The property is well-positioned for future industrial, distribution or service-related development.
“Industrial land along the I-25 corridor continues to see strong demand from both users and developers,” said Jake Cook of Ringsby Realty Corporation.
The transaction reflects continued interest from developers and investors in northern Colorado, where limited inventory of industrial-zoned land and ongoing population growth continue to drive activity.
Industrial Outdoor Storage Property in Denver Trades for $2M
Lee & Associates announced the sale of a ±1.92-acre industrial outdoor storage (IOS) property located at 1310–1360 E. 64th Avenue in Denver, which sold for $2 million, underscoring continued investor demand for functional yard space in supply-constrained urban markets.
Kirk Vanino and Matt Nora, principals, along with Jack D’Avanzo, associate, of Lee & Associates, represented the seller in the transaction.
The property spans approximately 1.92 acres and features fenced and gated yard space, making it well-suited for a variety of industrial users, including construction, trucking, and equipment companies. Its configuration offers a rare opportunity to acquire a smaller-format IOS site with flexible use potential in a highly competitive market.
Situated in Adams County with I-2 zoning, the asset also includes on-site utilities and functional improvements, including a structure that can support office or potential live-work use. The property’s strategic location provides immediate access to major transportation corridors, including Interstates 25, 76, and 270, enhancing connectivity throughout the Denver metro area.
At the time of sale, a portion of the property was leased on a month-to-month basis, offering near-term income with future flexibility for an owner-user or investor.
“Industrial outdoor storage properties—particularly those with heavy zoning and located in infill locations—continue to see strong demand,” said Kirk Vanino, principal at Lee & Associates. “This ±1.92-acre site offered a compelling combination of size, accessibility, and functionality that is increasingly difficult to find in the Denver market.”
Rare Vintage Multifamily Property Sells in North City Park
MMG announced the successful closing of 3318–3352 High Street, an 18-unit multifamily property built in 1955 and located in Denver’s North City Park neighborhood. Managing Director Adam Riddle and Senior Advisor Sam Bretz of MMG brokered the transaction, representing both buyer and seller. A sale price was not disclosed.
The property is a rare all two-bedroom, one-bathroom asset featuring in-unit washers and dryers and separately metered gas and electric—a combination that continues to command strong renter demand in the Denver market. Situated within a predominantly residential neighborhood, the property offers proximity to Downtown Denver and the RiNo Arts District.
The local buyer, familiar with the submarket, identified the asset as a strong fit for their portfolio. The buyer plans significant interior and exterior upgrades and financed the acquisition through an established local lending relationship.
The transaction navigated a meaningful challenge during the marketing process: property occupancy declined, prompting a downward adjustment to asking rents — a hurdle for both prospective buyers and lenders. The buyer’s firsthand experience with similar vintage assets in comparable neighborhoods proved critical to bridging that gap and closing the transaction.
“Vintage deals like this are rare in Denver County, with all 2-bedroom/1-bath units with in-unit washers and dryers, which continues to drive strong renter demand even in a soft rental market,” said Adam Riddle. “This was a great opportunity for the buyer to step into a well-located asset near downtown Denver and RiNo and unlock additional value through thoughtful renovations and operational improvements. The seller was also able to successfully exit the market and focus on their next venture. We’re grateful to both parties for their collaboration in making this a smooth and successful transaction.”
