BrokerageIndustrialOffice

Three Building Industrial Portfolio in Colorado Springs Sells for $6.8M

Executive Circle Industrial Investment Portfolio in Colorado Springs has sold for $6,850,000. The sale of the three buildings totaling 73,846 square feet closed on March 30 with David Marulli and Nick Nickerson of Trevey Commercial representing the buyer, H Dean Properties, and Aaron Horn with Cushman & Wakefield representing the seller, T Lowell & …

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DevelopmentIndustrialRetail

Colorado Springs Boasts Biggest Industrial Project in 2021

According to a CommercialSearch 2021 Industrial Pipeline Report, 1,040 new industrial properties, totaling 342 million square feet, are scheduled for completion during 2021 across the U.S. — a 24 percent increase over last year’s numbers in terms of square footage. Amazon is expected to occupy eight out of this year’s 10 biggest …

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DevelopmentIndustrialOfficeProperty Management

Colorado State Land Board Selects Hospitality at Work to Manage Property Portfolio

The Colorado State Land Board has selected Denver-based Hospitality at Work,® a hospitality driven commercial property manager, to manage its thirteen building commercial portfolio, totaling 650,00 square feet and valued in excess of $130 million. The portfolio includes Class A and B multi-tenant office, flex and industrial properties located along the Colorado Front Range, …

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BrokerageIndustrialOffice

Food Production Facility in Denver Signs 3 New Tenants

Cushman & Wakefield has signed three new tenants at 400 W. 48th Avenue, a food production, commercial test kitchen and flex Space facility in Denver’s Globeville neighborhood. Vessel CO Operations, LLC leased 5,184 square feet of food production space, J.C. Bromac Corporation leased 10,234 square feet of commercial test kitchen space, …

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IndustrialReports

Avison Young Release Q1 Denver Industrial Market Report

Avison Young’s Denver office has released its first quarter 2021 industrial market report. Driven by sustained demand in the Mile High City, industrial triple net (NNN) asking rates grew 1.65% quarter-over-quarter (Q/Q), ending the first quarter of 2021 with a market average of $8.61 NNN for direct space. Market Highlights: The …

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ConstructionFeatureIndustrial

Modular Construction: A Contemporary Approach to a Traditional Process

By Tom Merlo, PIOVTEK Business Development Associate Manufactured building components simplify the traditional construction process by reducing typical challenges from the job site. Trade stacking, schedule congestion, inconsistent quality, and variance are critical challenges facing traditional methods of construction. Utilizing manufacturing methods to optimize construction greatly increases productivity and quality while reducing labor requirements …

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BrokerageIndustrialOffice

Tepuy Properties Sells Golden Property for $6M

Tepuy Properties, a Boulder-based real estate syndicator and property management company, has sold its 26,208-square-foot building at 1150 Catamount Drive to Golden-based Kodiak Real Estate Group for $6.15 million. Tepuy purchased the office and light manufacturing facility in 2015 for $5 million. Located two miles northwest of downtown Golden, the building boasts quality laboratory …

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BrokerageIndustrialOffice

Small Industrial Property Sells in Littleton

Avison Young recently completed the sale of 1695 W. Sheri Lane, a 7,792-square-foot office/warehouse building located at 1695 W Sheri Lane in Littleton. Vice President Jaimee Keene, who is based out of Avison Young’s Denver office, represented the seller/user, Varela Lane, LLC, an entity of Sara Gabriel, a company specializing …

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ConstructionDevelopmentIndustrial

Majestic Commercenter Lease Agreements Total 420,000 SF, Push Vacancy to 4%

Five lease agreements secured over the past 60 days, including one renewal and four new tenants totaling 420,000 square feet, continue to push occupancy at the Majestic Commercenter (MCC) to near capacity. With low inventory levels, Majestic Realty Co. has initiated the next phase of new construction at the business …

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BrokerageIndustrial

Industrial Building on Broadway Refinanced for $5.4M

Denver-based private equity firm Trailbreak Partners has refinanced its 83,028-square-foot, multi-tenant industrial building, located at 4250 Broadway in the RiNo/Globeville neighborhood, for $5.39 million. JLL worked on behalf of Trailbreak Partners, to secure the fixed-rate, non-recourse loan through an insurance company lender. Trailbreak Partners will use refinancing proceeds to pay off its existing …

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