Becknell Industrial Completes Second Land Acquisition at Nexus at DIA
DENVER – Schuck Communities & CH Thompson Company have sold 39.81 acres of industrial land within Nexus at DIA, a master-planned business park, located at 84th Avenue and Quintero Street in Commerce City. Becknell Industrial, specialists in the development, investment and management of industrial properties across the U.S., purchased the land …
New 380K SF Facility to be Built at Denver’s “Aerotropolis”
DENVER — A new 380,000-square-foot build-to-suit manufacturing/office facility will be built at Porteos, a commercial mixed-use development that is part of Denver’s expanding “Aerotropolis” development. The site will be home to Kärcher North America’s new North American headquarters with 280,000 square feet of manufacturing facility and 100,000 square feet in office space. …
E-Commerce has Industrial Market Poised for Continued Growth
DENVER— The industrial sector of the commercial real estate market is booming with rents growing by an average of 5.5 percent per year since 2013, outpacing the other three main CRE sectors (office, retail and multifamily). Thanks to increasing demand for e-commerce, industrial rents and occupancies are surging across a range of …
Westfield Company Purchases 45-Acre Denver Infill Site
DENVER – A 45-acre site marketed as “Denver’s Last Mile,” located on the northwest corner of Pecos Street and West 56th Avenue in central Denver has sold. Westfield Company, Inc. a Denver-based real estate investment, development and management company, purchased the land from Rocky Mountain Prestress for $40.71 million, according to Denver County public records. …
Etkin Johnson Expands CTC Portfolio with Delivery of Two Buildings
LOUISVILLE — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has completed the new 109,386-square-foot FedEx distribution center at 2035 Taylor Avenue as well as a 136,610-square-foot speculative industrial/flex building at 700 Tech Court in the Colorado Technology Center (CTC) …
Class A Industrial Development Planned for 61 Acres in Commerce City
COMMERCE CITY — Brennan Investment Group, LLC,a Chicago-based private real estate investment firm that acquires, develops and operates industrial properties on a national basis, has purchased approximately 61.40 acres of land at the intersection of East 112th Avenue & Havana Street in Commerce City for a phased speculative industrial development project. Groundbreaking is …
Strong Absorption and Record Lease Rates a Common Theme in Q3
DENVER – CBRE recently released its Q3 reports analyzing the recent performance of metro Denver’s office, industrial and retail commercial real estate sectors. Across all sectors, strong absorption and record or near-record lease rates was a common theme while construction activity slowed from earlier in the year. In total the three sectors recorded …
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 …