Multi-tenant Industrial Asset in Aurora Sells for $9.9M

Moncrieff Business Center, a 101,406-square-foot industrial building located at 14603 East Moncrieff Place in Aurora, has sold for $9.9 million. The business center is fully occupied by PEPMOVE Precision Equipment Placement and GE Johnson Construction Co. Tyler Carner, Jeremy Ballenger, Jim Bolt and Jessica Ostermick with CBRE’s Denver office represented the seller, Berkeley Partners …


Class A Industrial/Flex Campus EDGE 470 Breaks Ground

Colorado-based Etkin Johnson Real Estate Partners broke ground today on Phase I of EDGE 470, a new 334,000-square-foot Class A industrial/flex campus located near E-470 and Chambers Road in Parker. Slated for completion in Q3 2020, Phase I includes the development of two approximately 80,000-square-foot buildings on 12.8 acres. Additional …


RK Mission Critical, LLC Leases Manufacturing Facility in Aurora to Accommodate Growth

RK Mission Critical, LLC, (RKMC) one of the nation’s fastest growing modular solutions providers and affiliated company of RK Mechanical, is expanding its manufacturing operations into a second facility in Aurora. RKMC has leased a 140,000-square-foot facility in Aurora, which is projected to house approximately 100 additional staff. According to …


Denver-based Developer Acquires Two In-fill Sites in Metro Denver

Corum Real Estate Group, a Denver-based developer and manager of industrial, multifamily and office assets, recently closed on the acquisition of two land sites in the Denver metro area and will construct a combined 400,000 square feet of speculative industrial warehouse space to be delivered in the fourth quarter of 2020. Gateway Central …


MOA & Mortenson Project in Fort Collins Awarded Top Honors by DBIA

This past week, the Design-Build Institute of America (DBIA) awarded the Woodward Drake project in Fort Collins, validating the project’s success with the National Award of Excellence in Rehabilitation, Renovation and/or Restoration, the highest honor in the category. Woodward, a designer, manufacturer, and service provider of control solutions for the aerospace …


Class A Warehouse Portfolio in Aurora Acquired for $72M

ASB Real Estate Investments (ASB) has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet near DIA for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. CBRE’s Jim Bolt, Tyler Carner and Jeremy Ballenger represented the seller, a Blackstone …


Prologis to Acquire Liberty Property Trust for $12.6B

San-Fransisco-based Prologis, Inc., the largest industrial real estate company in the world, and Liberty Property Trust, an investment trust that invests in office buildings and industrial properties, have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of …


Commercial Greenhouse Under Construction Behind Stanley Marketplace

According to the Denver Post, Brooklyn-based Gotham Greens is set to open a state-of-the-art 30,000-square-foot greenhouse facility, to be built directly behind Stanley Marketplace at 2501 Dallas St. in Denver. The greenhouse will produce the equivalent of more than 25 acres of conventional farming, serving the entire state. Inspired by the growing …


Latest CBRE Report Shows Diverse Activity Across Denver’s CRE Sectors

Metro Denver’s office, industrial and retail commercial real estate sectors all posted strong positive net absorption in the third quarter of the year, according to CBRE’s latest quarterly reports. The market recorded more than 1.4 million square feet of incremental new space occupied in Q3 2019, supported by strong leasing activity …


Demand for Infill, Small Bay Industrial Buildings Outpaces that for Larger Warehouses

According to CBRE, Monaco I-70 Industrial Park, a four-building property totaling 183,319 square feet, at the intersection of East Smith Road and Monaco Parkway in Denver, in a Colorado Enterprise Zone and Opportunity Zone, has sold for an undisclosed amount. CBRE’s Jim Bolt, Tyler Carner, Jeremy Ballenger and Jessica Ostermick represented the seller, a …