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 …
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 …
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 …
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 …
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 …
New Class A Industrial Development Coming to Arvada
DENVER – Mountain Gateway, a new 142,180-square-foot industrial development, developed by California-based Cale Enterprises, LLC, is coming to Arvada in Q3 2019. The Class A warehouse/office project will be the largest speculative industrial project built in Denver’s supply-constrained west submarket in more than 15 years, where only 370,500 square feet of speculative warehouse/manufacturing facilities …
CBRE Survey Finds Industrial and Logistics Sector Remains ‘Blisteringly Hot’
DENVER — CBRE’s H1 2018 North America Cap Rate Survey — which provides insights on movements for the major property asset classes — shows that cap rates remained broadly unchanged across the sectors in H1 2018, except for some retail segments. Industrial cap rates tightened the most and multifamily rates edged down modestly. …
Campion Industrial Park in Loveland Sells for $6M
FORT COLLINS– The 8.3-acre Campion Industrial Park located at 225, 253 and 255 42nd Street Southwest in Loveland, has sold for $6 million. The property consists of three buildings plus a cell tower and vacant lot. Campion is fully leased to a diverse mix of companies including Integrated Communications Group, Ability Composites, White …
Medical Device Company Leases 105,000 SF at Compark Business Park
CASTLE ROCK— Paragon 28, an orthopedic foot and ankle company, has signed a new long-term lease for 105,561 square feet at 14445 Grasslands Dr in Englewood. The company has leased the entire state-of-the art facility and plans to move into the space in the Fall of 2018. The building is located in the …
Prominent I-70-Adjacent Industrial Warehouse Sells for $6.3M
DENVER — A 56,376-square-foot industrial warehouse, located at 4751-4755 E 46th Avenue in Denver has sold for $6,300,000, or approximately $112 PSF. Tom Myers, executive vice president, and Jake Cook, broker associate, at Unique Properties, Inc. / TCN Worldwide, represented the buyers. The buyers were Elle, Patty, and John Faulkner, owners …