DevelopmentIndustrialInvestmentRetail

E-Commerce has Industrial Market Poised for Continued Growth

DENVER— The industrial sector of the commercial real estate market is booming with rents growing by an average of 5.5 percent per year since 2013, outpacing the other three main CRE sectors (office, retail and multifamily). Thanks to increasing demand for e-commerce, industrial rents and occupancies are surging across a range of …

READ MORE →
BrokerageDevelopmentIndustrial

Westfield Company Purchases 45-Acre Denver Infill Site

DENVER – A 45-acre site marketed as “Denver’s Last Mile,” located on the northwest corner of Pecos Street and West 56th Avenue in central Denver has sold. Westfield Company, Inc. a Denver-based real estate investment, development and management company, purchased the land from Rocky Mountain Prestress for $40.71 million, according to Denver County public records. …

READ MORE →
DevelopmentIndustrial

Etkin Johnson Expands CTC Portfolio with Delivery of Two Buildings

LOUISVILLE — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has completed the new 109,386-square-foot FedEx distribution center at 2035 Taylor Avenue as well as a 136,610-square-foot speculative industrial/flex building at 700 Tech Court in the Colorado Technology Center (CTC) …

READ MORE →
DevelopmentIndustrial

Class A Industrial Development Planned for 61 Acres in Commerce City

COMMERCE CITY — Brennan Investment Group, LLC,a Chicago-based private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has purchased approximately 61.40 acres of land at the intersection of East 112th Avenue & Havana Street in Commerce City for a phased speculative industrial development project. Groundbreaking is …

READ MORE →
BrokerageIndustrialOfficeRetail

Strong Absorption and Record Lease Rates a Common Theme in Q3

DENVER – CBRE recently released its Q3 reports analyzing the recent performance of metro Denver’s office, industrial and retail commercial real estate sectors. Across all sectors, strong absorption and record or near-record lease rates was a common theme while construction activity slowed from earlier in the year. In total the three sectors recorded …

READ MORE →
IndustrialReports

Denver Well-Positioned for Industrial Labor Supply, Quality and Cost

DENVER –  A  new report from CBRE examines how the industrial sector is tackling labor shortages in response to the growth of e-commerce. The CBRE research team analyzed major, regional and emerging industrial hubs to identify some of the metro areas offering a good combination of labor supply, quality and cost, and …

READ MORE →
BrokerageIndustrial

Colorado’s Largest Industrial Building Sells for $40.75M

DENVER – Colorado’s largest industrial building located at 18875 East Bromley Lane in Brighton, sold on Oct. 2. for $40,750,000. Drew McManus, managing director of Cushman & Wakefield’s Denver office represented the seller, Brighton Lease Management, LLC along with Matt Trone and R.C. Myles both of Cushman & Wakefield. Newport …

READ MORE →
BrokerageIndustrial

Sale of Industrial Property in Broomfield Presents Rare Opportunity for New Tenants

BROOMFIELD – A 121,133-square-foot industrial property located at 224 and 226 Commerce Street in Broomfield has sold for an undisclosed price, according to CBRE. Jeremy Ballenger, Tyler Carner, Jeremy Kroner and Jim Bolt with CBRE represented the seller, Flagstaff Holdings – 224, LLC of Boulder. San Francisco-based Stockbridge purchased the site. CBRE will market …

READ MORE →
IndustrialOfficeReportsRetail

Colorado Springs’ CRE Markets Look Strong, Says CBRE

COLORADO SPRINGS – According to CBRE’s latest H1 MarketView reports, Colorado Springs’ retail, office and industrial markets performed positively in the first half of 2018. The retail sector saw a significant amount of space delivered to market and healthy positive absorption that served to offset store closures by two big-box retailers in the …

READ MORE →
DevelopmentIndustrial

New Baseline Mixed-Use Community Secures First Industrial Tenant

DENVER — Denver-based Quality Electronic Distribution (QED) — one of the nation’s top 35 wholesalers of electrical supplies — is the first industrial tenant at Baseline, a new 1,100-acre mixed-use community in Broomfield being developed by Colorado-based developer McWHINNEY. QED plans to lease approximately 32,379 square feet at Baseline, situated at Highway …

READ MORE →