Peak Innovation Park in Colorado Springs Secures $45M Financing

D.A. Davidson & Co. an employee-owned financial services firm with an office in Denver, has sold approximately $45 million of limited tax general obligation senior and subordinate bonds for the continued development of Peak Innovation Park, a 900-acre commercial development located at the entrance to the Colorado Springs Airport. The financings will …


Sprouts Farmers Market Opens Distribution Center in Aurora

In an effort to increase the availability of its freshest, highest-quality produce, Sprouts Farmers Market has opened a new 135,000-square-foot distribution center in Aurora, marking its first center in Colorado and its sixth nationwide. The new facility, located near the Tower Road-Interstate 70 interchange, will provide more opportunities for Colorado growers and producers to …


Construction Financing Secured for Cold Storage Development in Brighton

CBRE has secured a $35.4 million loan to fund the ground-up construction of a 247,000-square-foot Class A cold storage development in Brighton. The industrial refrigerated development is part built-to-suit and part speculative build. Illinois-based Karis Cold developed the facility and has pre-leased 167,300 square feet. The facility is located at 189 …


$20M Construction Loan Secured for Central Park Business Center

Confluent Development has secured a $20 million construction loan to build Central Park Business Center, a speculative infill industrial business park that will be located at the intersection of Interstate 70 and Central Park Boulevard. As one of the few undeveloped infill sites left in Denver, the project is poised to generate significant interest …


Global Investment Firm Acquires Westminster Industrial Park

KKR, a global investment firm, has acquired Park 12 Hundred, a three building industrial park totaling approximately 290,000 square feet in Westminster. Park 12 Hundred is KKR’s first industrial real estate acquisition in Denver. The property was completed in 2018 with state of the art features and is located near …


DMCAR Announces Heavy Hitters Award Winners

During a virtual awards ceremony held on Friday March 5, the Denver Metropolitan Commercial Association of REALTORS® (DMCAR) honored its top commercial real estate producers of 2020 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards. In addition, DMCAR recognized …


EverWest Acquires Two-Building Industrial Portfolio in Aurora

EverWest Real Estate Investors has acquired Tower Business Center, a new, two-building industrial portfolio in Aurora, for $66.45 million. The portfolio totals 422,961 square feet and is fully occupied by Tempur Sealy and Sprouts Farmers Market under full-building, long-term leases. “This was a rare opportunity to capture Class A product located …


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 …


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 …


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 …