Industrial

Following last month’s purchase of Lipan Street Industrial Park site for $21 million, New York-based IG Logistics has made its second acquisition in Denver, acquiring a last-mile warehouse facility at 5105 Cook Street. The site was purchased for $3.2 million in an off-market deal. The nearly 29,800-square-foot facility spans three acres and …

Developer Trammell Crow Company (TCC), along with capital partner Clarion Partners, LLC., has begun construction on 104th Commerce Park, a 1.17-million-square-foot industrial park located at 104th Avenue, just east of the intersection of State Highway 85 and Interstate 76, in Commerce City. The project includes plans for five Class A …

This week, RE/MAX Commercial® concluded its two-day Commercial Symposium for affiliated commercial real estate practitioners. Held at the Denver Marriott South Park Meadows in Lone Tree, this premier event was open to the entire RE/MAX network and provided ideas, information and strategies to RE/MAX commercial practitioners, as they navigate the “new normal” of commercial real estate.    The 14th annual event offered a lineup of industry experts, innovators, and veterans discussing the evolution of the …

Joint venture Karis Capital and AEW has sold its newly-developed Class A industrial building Park 70 in Aurora to global investment firm KKR. Constructed in 2020 the 164,000-square-foot building is 100 percent leased to two tenants. Executive Managing Director Will Strong, Associate Greer Oliver, and Analyst Connor Nebeker-Hay of Cushman & …

A newly-developed Class A warehouse/distribution building, currently 100 percent leased to Amazon, has sold to a national real estate investment, development and management firm for $114 million. Developed in 2021, the 147,000-square-foot facility is located at 875 W 64th Ave in downtown Denver. Executive Managing Director Will Strong, Vice Chairmen Jeff Chiate and …

Commercial property management and investment firm Tepuy Properties has closed on its third purchase of the year with the acquisition of a 16,500-square-foot light manufacturing facility at 1650 Skyway Dr. in Longmont. The Boulder-based real estate syndicator purchased the single-story property for $2.3 million. Located in unincorporated Weld County, the property is three …

Utah-based Novva Data Centers, a privately held company that provides wholesale and multi-tenant colocation infrastructure services, has acquired a two-building campus, comprising a Tier 3+ data center and industrial facility in Colorado Springs, for $38.5 million. The sale represents Novva’s introduction into the Colorado market. The JLL Capital  Markets Data Center team based …

The U.S. economy at midyear is booming, but costs are moving just as fast. U.S. CPI jumped 0.9% on both the headline and core rates in June, surprising many. The June monthly headline is the largest surge since 2008, while the core reading is the biggest gain since late 1981, according to …

Owner and developer Comunale Properties has begun the construction of Mulberry Connection in Fort Collins. The new two-building development will total 164,200 square feet of Class A industrial/distribution and showroom space located at 3874 & 4036 Redman Dr. Situated on nearly 13 acres immediately off of Interstate 25, the project …

Broadmark Realty Capital Inc., an internally managed secured real estate finance company with an office in Denver, has announced the origination of a short-term construction loan totaling $31.5 million to sponsor Castle Rock-based Pacific North Enterprises, LLC (“Pacific North”). The loan will be used to fund the horizontal construction of a mixed-use …