Industrial Portfolio in Colorado Financed for $16.8M

JLL Capital Markets recently arranged $16.8 million in financing, on behalf of Flywheel Capital, for the purchase of a fully leased, three-property light industrial portfolio totaling 292,076 square feet in Commerce City, Loveland and Pueblo. The portfolio comprises 6300 Clermont, a two-building single-tenant asset in Commerce City; Campion Industrial Park, a three-building …


CREW Denver Holds Mid-Year Economic Forecast

On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a …

CRE Industrial Trends_Taylor Cole

Black Creek Industrial REIT Acquires 48 Industrial Assets for $920M

Ares Management Corporation announced today that its managed fund, Black Creek Industrial REIT IV, has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet. The properties were purchased from affiliates of real estate investment trust Prologis, Inc. for approximately $920 million. “This transaction demonstrates our continued commitment to …


Multifamily and Light Industrial Emerge as Hottest Asset Classes

Multifamily and light industrial have emerged as the hottest asset classes for commercial real estate funding post-pandemic, according to Dan Page, president of Boulder Equity Partners LLC, a nationwide lender for all commercial real estate loans. “We see growth and security (stability) in these sectors and are willing to be …


CBRE Denver Industrial Marketview: More Than 1.2M sq. ft. of Positive Net Absorption Recorded in Q2

It’s no secret that Denver’s industrial market is booming. According to CBRE’s latest research report, Denver Industrial MarketView Q2 2021, metro Denver saw its 45th consecutive quarter of positive net absorption and development volume continued to reach new heights. Highlights: Over 1.2 million sq. ft. of positive net absorption was recorded in …


Pepsi Proposes Bottling Plant Near DIA

PepsiCO is planning to build a large scale bottling facility near the intersection of Tower Road and Pena Boulevard, according to a “large development review” document submitted to the City of Denver. Pepsi Co, Inc. and its affiliate, Bottling Group, LLC is under contract to purchase the 148 acres, currently owned …


22-Acre Industrial Project Breaks Ground Near DTC

Phase I of HUB Arapahoe, a 304,172-square-foot, 22-acre industrial warehouse campus development 1.5 miles east of I-25 at Arapahoe Road. HUB Arapahoe, which is owned and developed by Jordon Perlmutter & Co., will be the closest new generation warehouse development to the Denver Tech Center. “We are excited to break ground on HUB …


Increased Demand for Industrial Space Driving up Rental Rates, CBRE Report

According to a new report from CBRE, tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking rent growth to new highs. Asking rents increased a record 8.3% year-over-year in Q4 2020 and 7.1% in Q1 2021—well above the five-year …


EverWest Signs Full-Building Lease at New 25 North Spec Denver Industrial Project

Underscoring the strength of the Colorado industrial market, EverWest Real Estate Investors has preleased a 121,000-square-foot speculative industrial building currently under construction at its 25 North industrial park in Thornton. Founded in 1936, Colorado-based Sashco manufacturers caulks, sealants and stains. It will relocate and expand into the new building, which …


Medical Technology Company Strengthens Commitment to Colorado with New Campus 

“We’re thrilled with Medtronic’s investment in Colorado,” said Governor Jared Polis during the groundbreaking of the medical technology manufacturer’s new 400,000-square-foot campus in Lafayette. “This campus will allow for good jobs, innovation, and employee wellness, all of which are critical to powering the Colorado Comeback.” Developed in partnership with Ryan Companies US, …