Industrial

Majestic Realty Co., the largest privately owned industrial developer in the U.S., has signed a long-term lease agreement with Subaru of America for a 550,000-square-foot build-to-suit building at Majestic Commercenter, a 1,600-acre master-planned park located at the intersection of I-70 and Tower Road in Aurora. Subaru will relocate from a smaller existing …

The Salvation Army has sold its 4.7-acre infill redevelopment site at 4751 Broadway in the heart of Denver’s Globeville. According to Cushman & Wakefield, Wolf|Stutz Investments purchased the property for $6 million. Situated on nearly five acres, 4751 Broadway contains approximately 85,453 square feet of existing warehouse, dormitory and office …

Pecos Logistics Park, a 66-acre infill logistics business park being developed by Denver-based Westfield Company Inc. has signed its first high profile tenant. PepsiCo Beverages North America (PBNA) has signed a 283,500-square-foot lease at the business park, which is currently under construction at the northwest corner of 56th Avenue and Pecos …

Steelhead Composites Inc,, a Colorado-based company that specializes in making metal containers that are filled with liquid or gas at high pressures, has signed a lease for Unit 150 in the Jeffco West Building at 11900 W. 44th Ave. in Wheat Ridge, according to Todd Brown, Commercial Broker & Advisor at …

Denver-based EverWest Real Estate Investors has purchased a two-building, 219,000-square-foot speculative industrial project fronting Interstate 25 in Thornton. The property includes an adjacent, pad-ready site where EverWest will soon begin development on a third, 121,000-square-foot Class A industrial building, and acreage for additional phases to be developed by EverWest based …

St. John Properties, Inc. intends to invest $95 million to develop Simms Business park, a 600,000-square-foot mixed-use community on 81 acres of land in Broomfield. Construction activities for phase one are expected to commence in early 2021. Purchased from Brocade Communications Systems, LLC, the business community located at the intersection of N. Simms Street …

Berkeley Partners has purchased a multi-tenant industrial building, located at 333-335 Centennial Parkway in Louisville, for $49 million. The 411,485-square-foot building is fully leased to six tenants. Tyler Carner, Jeremy Ballengeh, Jim Bolt, Jessica Ostermick and Jeremy Kroner with CBRE’s Denver and Boulder offices represented the sellers, DPC Companies and Long Wharf Capital. “333-335 Centennial Parkway …

This week, CBRE released its Q2 reports for metro Denver’s office and industrial sectors. The Denver office market felt the impact of the recession brought on by the COVID-19 pandemic. For the first time in 13 quarters, the market saw negative absorption activity of 84,706 square feet in Q2 2020. Conversely, the …

Two new state-of-the-art CBD-hemp extraction facilities are now operational in Greeley. The GMP compliant manufacturing facilities will enable Vantage Hemp Co. to process up to a tonne of biomass using CO2 extraction and four tonnes of biomass per day using hydrocarbon extraction. The facilities support large scale winterization and high volume distillation …

Denver-based Scythian Real Estate, a full-service real estate company that specializes in working with sophisticated, well-capitalized cannabis operators, has acquired a 3,048-square-foot facility operated by Grassroots Cannabis in Bradford, Pennsylvania. Scythian purchased the recently renovated property at 109 Main Street from Grassroots Cannabis in a sale-leaseback transaction. “This is our …