IndustrialInvestment

JLL Finds Growing Demand for Industrial Sub-Class

With increased competition among investors for industrial product, JLL Capital Markets has found an important sub-class that is gaining investor interest — multi-use logistics. Typically older multi-tenant assets with solid footprints within infill urban logistics markets, these assets often contain distribution, flex showroom, industrial showroom, R&D, warehouse and/or manufacturing space and …

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ConstructionDevelopmentIndustrial

New Industrial Business Park Coming to I-70 and Central Park Blvd

Further cementing Denver’s reputation as one of the top markets in the country for new development, Confluent Development and Invesco Real Estate will break ground next month on a 243,950-square-foot infill industrial campus at the intersection of Interstate 70 and Central Park Boulevard. Named Central Park Business Center, the project will …

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IndustrialReports

Denver Industrial Development Moves Full Steam Ahead

With e-commerce at an all-time high, the pandemic has proved to be a beneficial time for the Denver industrial sector. According to Newmark Q4 2020 Denver Industrial Market Report, annual net absorption totaled 2.3 million square feet, the highest of any asset class in Denver. And, moving into 2021, development is not projected to slow …

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BrokerageIndustrialInvestmentRenovation

Neglected Industrial Building in Broomfield to be Renovated

Boulder-based Tepuy Properties, a real estate syndicator and property management company, has purchased 1 Park St. in Broomfield, a 26,400-square-foot single-story industrial building, for $1.75 million. Located just off Highway 36 and the Interlocken Loop, the property has suffered significant hail, fire and water damage, as well as other neglect. “I’ve been looking for …

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BrokerageIndustrialInvestment

Englewood Industrial Property Sells as Part of Portfolio Sale

Westcore Properties, a San Diego-based real estate investment firm, has purchased a four-property industrial portfolio in the Western United States, including a distribution facility in Englewood, Colorado. The properties total 704,065 square feet and are located in prime distribution corridors across the western United States. The assets are located at 14101 …

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ConstructionDevelopmentIndustrial

Rocky Mountain Commerce Park in Eagle County to Break Ground this Spring

Fortius Capital, a real estate private equity, services and development company, recently secured funding for the development of a 28-acre light industrial subdivision and commerce park directly across from the Eagle County Regional Airport in Gypsum, Colorado. Rocky Mountain Commerce Park (“RMCP”) is subdivided into 13 lots ranging from one …

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abatementHealthIndustrial

Colorado Disaster Restoration Acquired by HRS Restoration Services

HRS Restoration Services, a full-service mitigation and restoration company and division of Haselden Construction, has acquired Colorado Disaster Restoration (CDR), an emergency service company that specializes in environmental and bio-hazard clean up services for commercial and residential properties. “The CDR team is excited to bring our more than 60 years of combined disaster …

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BrokerageIndustrialInvestmentOffice

Broomfield Industrial/Flex Property Sells for $11M

Boulder-based Tepuy Properties, a real estate syndicate and property manager, recently acquired a 68,400-square-foot property at Broomfield’s Interlocken Business Park for $11 million, marking its largest acquisition to date. Tepuy acquired the three flex/industrial buildings, located at 100 Technology Drive, from Real Capital Solutions Inc. Tepuy also owns a similar single-story, 65,000-square-foot flex building at …

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BrokerageIndustrialOffice

Local Plumbing Company Purchase Space at CTC

Avison Young announced that local plumbing company Jim Needham Plumbing will occupy a 3,256-square-foot office/flex condo at Colorado Technology Center (CTC) in Louisville. Jaimee Keene of Avison Young’s Capital Markets Group in Denver represented the buyer, Denver Cherry Holdings LLC, that purchased the property for $200 per square foot. “Jim Needham Plumbing is a …

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ConstructionDevelopmentIndustrial

Nelson Construction Acquires 83-Acre Site at Rocky Mountain Rail Park

Rocky Mountain Industrials, Inc. has sold an 83-acre development site at its new 620-acre Rocky Mountain Rail Park, a rail-served industrial park located just off Manila Rd and I-70 in unincorporated Adams County. The undeveloped land was acquired by Nelson Construction. Aaron Valdez, Alec Rhodes and Tyler Smith of Cushman …

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